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Policy Loans: Overview | $50,000 Loan $100,000 CV | IBC Global, Inc

Insurance Business Concepts (IBC) Global 19 views

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I’m new to this what if a person chooses to not pay back the “loan” which is basically just you using your own money how would that play out if a person simply made some basic premium amounts into this each month?
Comment from : @GregMakaroff

So in the illustration am I correct that the policy loan interest rate does not really matter as the added interest amount eventually just goes back to catching up your cash value and death benefit you would have by leaving your policy alone?
Comment from : @davidallen1753

That 5 loan ended up being being an about 13 loan
Comment from : @greatesthits3342

What am I missing They borrowed $200k and repaid $228k, but have the same cash value So pretty costly to borrow from the policy it seems
Comment from : @Munchy1

Amazing info
Comment from : @gabriellemarshall2237

If you draw another line on that board you could give John Madden a run for his money
Comment from : @KG-wh8yv

Do you have any videos on collateral assignment
Comment from : @nhlamulondlovu9889

1:25 2:40 5:35
Comment from : @growing367

If they don’t pay back loan!!!!
Comment from : @yodhangzien

Cash value, it client money ???
Comment from : @yodhangzien

How do you become a affiliate
Comment from : @TSmokeyBBQ937

what happens if you don't have 100k in cash value only 1,000 but wants to borrow 50k? is that possible?
Comment from : @jacobsimons6097

Great video! Curious , Dave Ramsey says that dividends are actually over payments and not actually a gain even per the IRS rules He is saying these policies are a scam can you clarify the dividend ?
Comment from : @MojoCycle

In my experience, the dividend rate of 6 is not the actually IRR (at least not until your premiums are completely paid) I'm at year 5/15 and my WL policy seems to have a 3 dividend rate Finally got a positive IRR this year as well
Comment from : @jo3y5o4

How can I purchase PUA Rider insurance
Comment from : @champjohnson8614

So you can only take a loan out on the money you've put in? Doesn't that make it a savings account with benefits?
Comment from : @billbaggins9864

All policy loans don’t pay higher dividend rates than the loan rate Companies would be losing money Which company is this?
Comment from : @metimetalk

What if u have no cash value and you just opened the whole life can you borrow from the db?
Comment from : @cjayone6136

So can I use the cash value to make payments on the loan I borrowed on my WLI policy?
Comment from : @supersonicgamer1551

How is it a loan if it’s your own money ?
Comment from : @RackedupYe300

Hey Steve, thanks for the video, great infobrI live in London UK and have been interested on the life insurance for a while now but been looking into insurance companies but I have not seen any that does whole life insurance with life benefits Would you be able to recommend any insurance company in UK that have whole life with life benefits if you know any please Thanks in advance
Comment from : @stellaokolo2994

Nice explanation, but didn't say WHY is works that way
Comment from : @dailstancill720

Great info! Thanks !! Very helpful and very well articulated!
Comment from : @cesarrivera6405

Hey Steve, How should you go about paying a loan on a VUL policy? Would it be better to make a lump sum payment when the market is lower since it is base on the funds in the contract? Any suggestions? Thanks Lance
Comment from : @lanceboy6405

I would like to know more about the ways people are typically paying back the policy loans and what theyre using them for Are most examples assuming the policy loans are used for a profitable investment?
Comment from : @lobangelesclippers

What happens if the policy holder passes with 100k in cash value 500k death benefit
Comment from : @j1223aw

Just for clarification, the insurance company collateralizes the death benefit AND the cash value That clarification can help people understand that their accumulated cash value doesn’t actually decrease, since they aren’t borrowing their own money
Comment from : @OregonCashFlowPro