Life Insurance Loans Explained!

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Information Life Insurance Loans Explained!

Title	:	Life Insurance Loans Explained!
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Nothing Chris said was wrong Good try
Comment from : @firecraig

😂😂😂😂 why don’t you mention it’s 90 max of value and it’s not your regular interest loan But a loan is a loan pay it but in IUL it’s even worse
Comment from : @Fitology0

I can't find the original
Comment from : @wisemaninc1233

In an IUL if you continue to pay premiums as long as over the life of the policy you have any kind of positive arbitrage it will not fall apart You do need to build up and maintain the appropriate amount of reserves though
Comment from : @monicoach9547

Not sure what the typical interest rate is currently, but borrowing against your policy used to be around 8 He doesn't mention that part
Comment from : @Surffinancialbrokers

Finally, someone calling out these BS videos, be your own bank bullcrap…
Comment from : @theftworthrealtor

As an agent i don't push all this loan nonsense and borrowing against your policybrbrI stick to the core of my business and that is helping you put the necessary financial protection in place in the event of death or a major critical illness, full stop
Comment from : @ricm2703

Your point is valid, however the cash value of a whole life policy won't be equivalent to the death benefit so it will be nearly impossible for you to accumulate enough interest on the loan that you've borrowed from the policy prior to you passing away But, the best practice is to pay off the loan so that you have access to the funds again
Comment from : @von

Fuxk im gonna do this and drop on ethereum and stake it ❤
Comment from : @colinbaer1022

So misleading… you dont borrow against the death benefit you can only borrow against rhe cash valuenin the policy
Comment from : @gagankainth7837

Always talking broke mindset Why not talk about INVESTMENT/compound interest opportunities? Oh bc you’re broke mindset won’t let you 😂 smh
Comment from : @suredude5291

Yeah about that tax part you really need to look up something on that
Comment from : @teddyflowers2798

👏🏻 danko
Comment from : @Learning_curve_to_Africa

So in other words only borrow what you put in ?
Comment from : @mediamountain1692

Pay it wit the 12 keep the spread
Comment from : @shanethomas6368

Plus if you’re loaning out money, you’re assuming a lot of risk brbrNobody ever talks about the risk you incur
Comment from : @jjb0894

Theres 3 kinds of life insurance Whole Life, Term and Universal Life Learn all of it and u will know what he is saying is true!!
Comment from : @joogal

Dunno about it but in India atleast you cannot borrow more than the premium you have already paid Not sure about benefit earned on it
Comment from : @MohammadImran-hi7rl

Exactly why I stop listening to the internet
Comment from : @dutchy213

If he invested the money and made profits could he pay back the advance?
Comment from : @chrischandler9011

I cant wait for society to fall and all this stupid bullshit go away
Comment from : @playfulpotato1085

He said loan from a get go, not misleading you obviously have to pay back your loans as you go just like your house, car, credit cards stick with you agreed loan terms
Comment from : @sweetimports407

i need to ask someone if it works like that here in germany too i dont think so i even would have to pay taxes if i end the contract early and get the money out hm interesting
Comment from : @Steve-wp4ns

At the end of the day the government takes every penny one transaction at a time in the form of taxes Money which was made from thin air
Comment from : @christhesingledad8799

They don’t tell you about fees etc
Comment from : @blessonvarghese8213

Not if I’m dead 😂
Comment from : @amadeuscrossing7061

Sounds like the opportunity for premature EARLY EXPIRATION of a certain party🤔🤔🤔
Comment from : @raymondshaw3290

Criticizing missing context is disingenuousbrChris Naugle always says to pay back your loans because you don’t rob your own bank
Comment from : @hutchdw77

Only a small portion of your insurance premium is added to the cash value In order to borrow a million dollars you'd need have been paying into multi-million dollar policy for decades
Comment from : @johnjacobjingleheimerschmi3713

They never say you have to die it's on the first line of the contract
Comment from : @nextbizzy

People like this has made selling practical life insurance policies tougher on me because I now have to spend time re-educating clients on how it all works I swear I cringe when I hear someone ask about the "infinite banking glitch" 🙄😒
Comment from : @LukeCage82

Anytime some guy I've never heard of is trying to "drop bombs or facts" with that same song playing in the background I know to just scroll bybrBut I'm glad I stayed for thisbrYou seem objective and knowledgeable and you're not trying to sell a pipe dreambrYou're being realbrI respect it so you got a sub from me brotha
Comment from : @ohmthepoet8428

“Insurance will pay a benefit in the event of X, even if X doesn’t happen” ok 🙄
Comment from : @funincluded

Insurance companies deceive people by selling them a limited life policy that ends before they die So The children nothing
Comment from : @2Jeezuzisreal

Any time that music playing and money is being f talked about… Bullshit is about to follow
Comment from : @psyience3213

What you guys are hearing about is called an IUL and the stars have to pretty much align on interest rates, the company, and the policy for you to really benefit from it Oh yah, and one more thing You pay it for the rest of your life Meaning if you borrow a million and fail to pay a monthwell, you do the math brbrBut of course take what I say with a grain of salt Don't believe me any more than you do either of the guys here Do your own research and please Read between the lines ALWAYS
Comment from : @hyronharrison8127

Cash value has to acrue over time The only other way is if you already have a large sum of money but how often can one say i have a couple million here and there
Comment from : @1marty8

The first guy is stupid You cant take a loan from the death benefit You can only borrow from the cash value if there is any The only way that you have a million in the cv is for you to provide the million as a lump-sum insurance policy
Comment from : @1marty8

Provided you continue to pay the interest on an annual basis, your policy will never lapse and you don't need to pay the principle back until death
Comment from : @RyanPatrickOwens

So basically we just have to pay interest?
Comment from : @ziolan8970

Dave Ramsey says only by term life insuranceAnd invest other ways Says whole life insurance is the payday lender of the middle class
Comment from : @shannonzittlow8462

Usury like this led to 109 expulsions
Comment from : @addictedtohisgrace

Guys if you have a million dollars in the bank, you can take out that million and loan it to people if you want to, and you never have to pay it back because it's your money!!!
Comment from : @amazonseller-yf8vv

Oh, this insurance salesman pushing IULs
Comment from : @lynzxer021

Iul index policy averages 8 interest annually the loan charges 5 interest you’re still up 3 interest
Comment from : @cameronbanks7645

If it only actually worked this way
Comment from : @DeenanTheKemon1

Not all life insurance policies let you cash it out
Comment from : @oSTYNCLSYo

Whole life insurance is the biggest scam of a perpetrated on the American public as a financial product It's more expensive than regular insurance and the difference if invested would yield you away higher return on your money It's a scam at every level
Comment from : @JosephAccetturoII

Right and you can only borrow what cash value you have in your life insurance not the total benefit amount I'm sure life insurance agents are bombarded with people calling asking these dumb questions
Comment from : @MrRW88

Only works with 0 and no expectation to repay
Comment from : @anybodykill6666

This only works with whole life
Comment from : @washablejunk281

Internet gurus are annoying
Comment from : @oakmen4604

Easier to just get a job
Comment from : @davebeveridge3314

You’re just borrowing from the principal The money that you already paid
Comment from : @mkfmgaming3019

What happens when you stop paying on that policy
Comment from : @jamesplatt1352

Thank you I fucking hate people that do this
Comment from : @isaiahhope5560

The policy cannot default or you will have to pay back immediately You have to pay the premium which typically goes up with age or the policy will collapse
Comment from : @advanceg2116

Correction not for you as you’re dead but instead the person/people you want that money to go to
Comment from : @zackryder747

Thank You!!
Comment from : @PracticallyRandy

You pay a fee for the possibility of death jn a certain timeframe That fee can be low due to high volume contracts evening out the risk to the insurance company Balancing fees with payouts and costs/profit No loan at all
Comment from : @hansblonk1465

I love how loaded the term "major tax event" is
Comment from : @michaelwicker9538

First rule of life insurance - whenever the salesperson starts talking about anything other than insurance (cash value, investments, etc), get out of there
Comment from : @JGComments

Don’t take all the money out Simple
Comment from : @timtauber5557

Does this apply to Term life or Whole life policies, burial policies?
Comment from : @kemetreasures5630

When did the lead singer from Creed start giving financial advice?
Comment from : @tomcat8662

Very misleading
Comment from : @Bp55672

They also never tell you that you can only borrow from life insurance policy what you’ve paid into it
Comment from : @tylerroe5175

yup that happened to me they canceled my thing i didnt care but they never mentioned it
Comment from : @AbiyBattleSpell

You’ll owe interest but it’s lower than bank rates and credit card rates That’s why he mentioned the spread The difference of rate of return verses rate they charge to borrow
Comment from : @kasRose311

$50 000 earning 4 a month is $2000 a month
Comment from : @bikinglikebecker

I just have to say thank you for calling these guys out on their c***The whole time I was listening I was steaming mad in my car Not only that, but you can't borrow more than the cash value Which is what the guy was trying to say you can do
Comment from : @ABCRK18

As a Life Insurance broker, this is 100 not correct period there are policies that accumulate cash value But it's not immediately the exact same value of the policy , nor will it ever be
Comment from : @VergeXT