Marshall Family Banking System Pt. 4 Dec 2023 Capitalization Phase

[@dbiggybats]

Just got started with IBC with a Nash Institute certified practitioner here in Georgia.

[@TheMoneyAdvantage]

Thank you for watching!

[@jjsoccer1010]

Very cool to watch your family banking system grow. It’s great to see you have the discpline to go through that capitalization phase. It’s going to be fun watching your system grow. 👌

[@TheMoneyAdvantage]

Thanks for watching!

[@carbrock.2854]

Thank you for sharing. I’m amazed at how high the dividends are for the age of the policies, looking at Rachel’s especially. I noticed that the base death benefit seems low relative to the premium (comparing it to my own); was there a deliberate trade off with the design of her policy, ie. less base death benefit for higher dividends?

[@TheMoneyAdvantage]

Thank you for watching! I am not sure when you got your policy, but the 7702 changes that went into effect right before we purchased these policies made it so that you can funnel in more premium dollars per death benefit without a policy becoming an MEC. These policies were designed to be 40% base (minus term rider and waiver of premium). Depending on your age, sex, health, company, and the individual product within that company would all be factors in what you are asking.

[@warrenbarnes9653]

Hi, Rachel, Lucas and Bruce. My own objective is to avoid a policy loan or any kind of use the cash value until and unless the whole life policy has been fully funded over a period of at least ten years. In fact, I have never accessed any of my cash value. I do not understand the logic of obtaining a policy and then immediately borrowing the cash value. Also, insurance companies vary with respect to their dividend policies for PUAs. As you have shown, Lafayette is relatively stingy, not unlike some other companies. However, Penn Mutual pays a very generous dividend on their PUAs, as does Guardian, if the 10% PUA load is selected. It appears to me that NY Life pays a full dividend on PUAs that have aged at least twenty years. I’m not certain that I would prefer the Lafayette product, due to its lack of dividends on PUAs, but this explains why you choose to have 40% of your money going into the base policy. This is an interesting video. It would be nice to see some IRRs with the illustrations. Thank you.

[@TheMoneyAdvantage]

Thank you for watching!

[@jaredtopilko1313]

Gold and silver isn't for liquidity but for use if the dollar isn't usable anymore.

[@TheMoneyAdvantage]

Thank you for watching! What timestamp are you referring to?

[@jamesiscool3245]

Why did you get a paid up at 85 instead of 120? Is this due to the 1031 exchange? I’m looking into getting another policy from your firm on my annual renewal.

[@TheMoneyAdvantage]

Actually, it is Age 75. The specific Whole Life Product we have is paid up at age 75. It had nothing to do with the 1031.