How to use Whole Life Insurance to Get Rich (Become your own Bank)

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Title	:	How to use Whole Life Insurance to Get Rich (Become your own Bank)
Lasting	:	10.54
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Views	:	727 rb

Exactly The cash value growth is usually steady but slow, and the premiums can be expensive compared to term life insurance Some people use it as a way to diversify their retirement savings, but it’s not a replacement for traditional investments like stocks or real estate
Comment from : @Vstones

You can’t get rich off these bs whole life insurance Don’t fall for these gutter scam agent’s scam
Comment from : @slashdash5279

This is called infinite bakingIt's one of the biggest scamps going these days
Comment from : @chuckiemeister

There's no search thing as a guaranteed return
Comment from : @chuckiemeister

401k has loans also lol Its not only taking a withdrawl You liteally could bet both benifits seperatly and you will end up with more Are also going to tell em they earn nothing the first 3 years?
Comment from : @matthewgarcia2119

1:26 if you told me that i would tell you you're a con artist and an idiot Lol
Comment from : @davidchidester5463

I want to know more about these policies how it works
Comment from : @JamesKasongo-cb9is

What percentage interest there is in borrowing from the bank of you
Comment from : @sharadmohip6536

You work for 42yrs to have $2m in your retirement, Meanwhile some people are putting just $20k in a meme coin for just few months and now they are multi millionaires I pray that anyone who reads this will be successful in life
Comment from : @johneliss

The only way that Whole life insurance making people rich is selling it! Selling to the stupid people that buy them!
Comment from : @mimosa9188

People are living a life of borrowing lol and everyone who is selling "their" investment vehicle will say "this" vehicle is the best😂
Comment from : @ronniebx4664

Do all life insurance Allows you to borrow for investments?
Comment from : @joelcorona22

Can you do this with term life insurance policies also?
Comment from : @jaied8898

Didnt talk about any potential cons Thumbs down bad video
Comment from : @Hshjshshjsj72727

"Bank of you" is your big scam buzzword Whole life is the worst product! You salesman love those commissions equal to a years premiums on a sold policy Who grovels for a mortgage??
Comment from : @paulj2948

I can't imagine anyone not seeing what a scam artist you are Whole life is the number 1 WORST investment It's a salesmans dream for commissions! A whole life customer is an ignorant investor You almost have yourself convinced!
Comment from : @paulj2948

This video is ridiculous - whole life insurance policies are a giant scam The only person who really benefits from them is the salesman who sold them to the sucker who bought them Learn how much the insurance salesman makes selling these before buying one yourself Whole life insurance policies are far less popular now than they were 25 years ago because more people are onto the scam and they instead get term life insurance policies if they really want life insurancebrbrI had an insurance salesman attempt to sell me whole life insurance 20 years ago when I was young and unmarried I am have advanced degrees from top schools, and am very good at math and knowledgeable about the stock market However, the insurance salesman kept going on and on about "cash value" without explaining what it even was I did not know what the hell he was talking about, so after speaking with him, I did some research of my own and came to the conclusion that the insurance salesman was trying to scam me Suze Orman, for example, has written many articles about how whole life insurance policies are a total ripoff
Comment from : @ConcernedCitizen5514

Your claim at 1:50 about not being able to borrow against your 401K is bullshit You CAN borrow against your account for anything at any time without penalties and you pay yourself back I am repaying myself for a loan right now And don't have to put up with your bs fees And get a MUCH better rate of return than your bs guaranteed "safe" 2-3 Fidelity is way better than you
Comment from : @trinsit

Message me for some insurance!!
Comment from : @Proglife02

3 guaranteed return? brbrMaybe I’m missing something?brbrVTSAX spanked that last year, even when averaged over a bear marketbrbrOh, 09:00
Comment from : @yeffblanco

Ethically, it's best to avoid selling your clients on the idea of using life insurance as an investment vehicle Life insurance should really be sold as a means of protecting your wealth and the investment aspect as a bonus on top Most people who benefit from the "infinite banking strategy" are already high net worth individuals that can afford to over fund a policy brbrI believe that life insurance is a necessity especially in todays economy, but it shouldn't be looked at as anything other than what it actually is
Comment from : @ianbateman8687

See a lot of videos of how to be your own bank but no lists of the insurance companies that do this
Comment from : @nicholasharwood6688

THE BIGGEST ISSUE TRULY IS THAT CHILDREN ARE NOT TAUGHT FINANCIAL LITERACY ME AS A CHILD MY PARENTS DIDNT KNOW AND THEIR PARENTS DIDNT KNOW ANYTHING DEALING WITH INVESTMENTS AND HOW TO ACCUMULATE ASSETS IM GRINDING NOW FOR MY CHILDREN TO BE A BETTER GENERATION THAN MINE WAS FINANCIALLY
Comment from : @juansurita25

The BIGGEST LIE You've Been Told About Money is that it doesn't grow on TREES!! 😆
Comment from : @susannicky

Believe that Jesus Christ died and resurrected for you by God The Father, and love one another: you shall have eternal life in the world that is to come
Comment from : @TheKingdom-i9t

How soon can you borrow against your policy
Comment from : @rodatriplett3296

Here are some facts about whole life insurance in my country The cash value of your policy in the first 5 years is practically zero The cash value after 20 years is about the same as the total premiums paid Whole life insurance is the best thing if the worst thing happens to you early in your life Let us not forget that life insurance is a business Like any business, it has to make money
Comment from : @melanioma5499

Life insurance is not an investment product stop lying you can buy a term policy and put all the money yall are asking in a Roth IRA fixed interest of 8 and you will have more coverage and millions of Dollars way before you reach that goal with IULs I will put 10k up if someone IUL plan can beat what I just described don’t let them lie to you You cleave to borrow your own money I would never borrow my own money
Comment from : @brendankandakai6042

Why is there a phone ring tone buried in the audio of this?
Comment from : @OroborusFMA

😂😂😂😂 see the use of words Take a loan vs withdraw Let me borrow my own money instead of withdrawing it Lol What happens to your death benefit if you don't pay back that loan? What about the interest on the loan?
Comment from : @kingrydhalia

If something sounds to good to be true This scheme has a lot of moving parts and seems shady All I can say is good luck to anyone that chooses to dive in
Comment from : @chrisheller8305

Add number 6 LIVING BENEFITS
Comment from : @biblebloopers946

🤝📈
Comment from : @anthonyeaster362

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them
Comment from : @SandraChirs5m

Whole life is a scam People, please don't buy while life insurance Scam
Comment from : @Thomas-ry8xq

This is laughable
Comment from : @dirtdutchkiller

They give you 3 while they collect 7-14 Why do you think all the high rises have insurance and bank company logos on them?
Comment from : @doublecheckityt

I need Dave Ramsey to react to this
Comment from : @rafaeleduardovalbuen

It's probably too late to do this in your fifties
Comment from : @Leannot35

A dividend in life insurance is just an overpayment and not profit
Comment from : @drew4331

Life insurance takes decades and decades and decades to build before you can even borrow
Comment from : @Bradley-nn8it

I just found out about this Using life insurance as a resource for what you want The only downside is that building cash value accumulates very slowly, so for example: if you monthly premium is $300, it builds interest of 2-3 every year, and you decided to borrow from the cash value in 2 years you may only have like $2,000 That's not enough I want a higher return In the shortest amount of time
Comment from : @keithb8329

“The bank of you”? Not so fast If this was your own bank, you would be the one making profits on the interest rates from the loans But that’s not the casebrbrPS no agendas here, just some critical thinking I’m open to being wrong, just please kindly enlighten me
Comment from : @hamlet-javier

“Around 3 return”? That’s terrible Doesn’t even keep up with inflation
Comment from : @hamlet-javier

life loan
Comment from : @sagr-i4t

Whole life insurance is GREATfor the guy who's selling it
Comment from : @StevePaige

Most Americans find it hard to retire comfortably amid economy downtrend Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?
Comment from : @AnnieHolsen

Using life insurance as anything other than life insurance is a bad idea He’s not telling you the whole truth, very deceptive
Comment from : @caseycaliva5627

I am not sure whether a whole life insurance policy could make you rich, but it could make the insurance company richer For all life insurance, you win if you die early; you lose if you have a long lifespan And the insurance companies hire smart mathematicians to design complicated insurance products to make sure, on average, their clients lose I am not smart, so I just buy term to make sure my family could go on without me
Comment from : @syuan2001

This is such a misleading video
Comment from : @stevendoldy7736

Great stuff! Thank you
Comment from : @jackwalker9492

California state is giving immigrants 150k to buy a home on American soil
Comment from : @Mactrizel

5:55
Comment from : @nauticaperez2504

Whatever you do, don’t use Northwestern Mutual They stole my money and they will steal yours too I got the receipts to prove it
Comment from : @Airmanmx1

I stop creating a music to get my insurance and health license Best decision I ever made! This about to be the best run of my life
Comment from : @Rashadsofly

insurance
Comment from : @MarkHitten

If you have a policy and someone dies during cosmetic surgery, you still get paid right?
Comment from : @falaafalstick

I am convinced I'll have to do more research on this
Comment from : @gintongaparador999

Nice video! Subbed 😊
Comment from : @Ray_V_finance

Fake your own death? Lol
Comment from : @Mattsmith17242

3 annual return? Could not even cover for the inflation rate
Comment from : @kquehdbfkswu23

Excellent video and visuals! infinite banking can be a very useful strategy when used correctly!
Comment from : @AlexMelchor-k6v

Scammer Life insurance is the worst alternative to generate money; due to its low returns and high internal fees How disgusting to see this type of content on the internet🤢🤮
Comment from : @GabrielRayo-y2h

Is there a comment on this video that isn’t a bot🙄
Comment from : @nessaalixanderia

I'm in quite a good mood today because I've just found out my ex wife has been struck off my life insurance Spice World!
Comment from : @IbnShahid

Be sure to ask the agent who tries to sell you this product how much they will make in commissions
Comment from : @johnlitke2544

Does the interest you pay just go back to you and your life insurance value? brbrAlso, does that interest you pay add to the cash value of the life insurance plan?
Comment from : @Gerrick

What if dont have children
Comment from : @kaywonderer

What route would anyone go if they have $100,000 cash in a high yield savings account, to invest it in to grow at a higher rate or have significant cash flow? Real estate? Index Funds? Life Insurance? Putting a business in an LLC or S Corp ?
Comment from : @yogirlchoseme8490

Does this work in the UK?
Comment from : @gurvindersinghrana4025

This is by far the best breakdown of whole life insurance out there!! Just what I was looking for Genius ❤thank you
Comment from : @dadondiva2365

I'd like to see a video of how the life insurance companies are making money on selling this product They aren't providing it out of the goodness of their hearts Why sell it to people? (hint: they're making a killing on it)
Comment from : @bassgroove3861

So dumbed down
Comment from : @bassgroove3861

Good info thank you But you can withdraw money from your Ira any time and have cash in under a week and never get hit with a penalty as long as you only pull money invested It’s when you withdraw the interest accrued that you get penalized
Comment from : @Sharkdog11b

No monthly payments on a loan from the cash value of the policy? Does the balance that earns interest decrease the amount of the loan pulled out of the policy or remain the same?
Comment from : @blakehenderson9689

Somehow listening to this flared up my anxiety bc I felt like you were giving information without giving information
Comment from : @Mel1985va

this is all assuming the insurance company doesnt screw you over they have been agressive past 2 decades
Comment from : @maxr1564

Dave Ramsey told us Whole Life Insurance is a SCAM SCAM SCAM SCAM You pay for the policy and money grown but you can never get them both It’s a scam people, stay away
Comment from : @Doberman_Rockyy

I have 35 of my capital investments in an IRA, 25 in index funds, and the balance spread across other investment accts totalling over $250k I took a big hit in Q2, 2023 Right now i am just looking for ways to recover in 2024
Comment from : @Raymondcraw1967RaymondCrawley

This video couldn't be dumberbrI have people borrow from their 401(k) all of the time to pay down high interest debt The benefit to the loan is that the interest is paid back to YOU Also, employers match contribution That's an immediate 100 return On top of all of that, you get tax benefits
Comment from : @jonathanlangford4291