Wealthy people buy whole life insurance because they've maxed out their other tax advantages accounts(IRA and 401k), unless your are maxing those out, you are losing money by buying anything other term life.
Yes you have to pay taxes on them(unless you do Roth) when your withdraw later on, but the fact that you made a far far far higher return than you did with life insurance. Don't let the tax tail wag the investment dog. Yeah, you aren't paying taxes on your life insurance gains, but you'll see much lower gains than in stock ETFs
His explanation of losing money in stocks is just stupid
Just talk, show examples
Thank You big bro.
I heard of permanent insurance to where u put so much in and borrow from it without getting penalize for it.Like being your own bank.Especailly for big things like cars or a home .Down payment or pay it off.
NBU is out of business!
Gains are tax free when withdrawn as a LOAN.
Excellent information, thank you.
whole life insurance policy’s cash value is not added to the death benefit if you pass away; it is kept by the insurer so you need to either "use it or lose it".
With Ray Croc and Walt Disney, what was the interest rate on the cash value surrender to make the money grow?
Great information! i first took notice to whole life insurance when my paternal Grandmother passed away and left me a lump sump from her whole life insurance policy. it was an absolute surprise especially because i never had a relationship with my father or his family/Since then my Husband and i have both purchased whole life insurance to leave for our four children the monthly payment is worth because i have first hand knowledge that the money can be very resourceful for your love ones it helps out a great deal!
Voice smooth like silk
KAPOWEE!!
How can you have no market loss if it’s tied to the SP500? Obviously the death benefit doesn’t change but if the policy isn’t properly funded it could lapse. If this is referencing a whole life policy I find it hard to believe that you could use the SP as an index, that would be more of a variable annuity contract. If you could explain more I would love to learn my friend. Thank you.
Thank you… I will be calling you… I live in new jersey and i read one of rich dad poor dad book and that lead me to you
Great video! Love it! Even 4 years later ?
I'm one of the Victims. At first, the software seemed to be really professional and authentic I found many favorable reviews about its performance and delivered results.Brokers are nothing more than a dangerous and fraudulent platform. I invested over $ 140,000 and couldn't withdraw my money, months passed and still nothing So, I reached out to Kim Clark to help me recover my funds, I have been able to recover $ 100,000 and the remaining $ 40,000 is in progress. I really can't tell how happy I am. Contact . Kima5881@gmail.com
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OK
Wealthy people buy whole life insurance because they've maxed out their other tax advantages accounts(IRA and 401k), unless your are maxing those out, you are losing money by buying anything other term life.
Yes you have to pay taxes on them(unless you do Roth) when your withdraw later on, but the fact that you made a far far far higher return than you did with life insurance. Don't let the tax tail wag the investment dog. Yeah, you aren't paying taxes on your life insurance gains, but you'll see much lower gains than in stock ETFs
His explanation of losing money in stocks is just stupid
Just talk, show examples
Thank You big bro.
I heard of permanent insurance to where u put so much in and borrow from it without getting penalize for it.Like being your own bank.Especailly for big things like cars or a home .Down payment or pay it off.
NBU is out of business!
Gains are tax free when withdrawn as a LOAN.
Excellent information, thank you.
whole life insurance policy’s cash value is not added to the death benefit if you pass away; it is kept by the insurer so you need to either "use it or lose it".
With Ray Croc and Walt Disney, what was the interest rate on the cash value surrender to make the money grow?
Great information! i first took notice to whole life insurance when my paternal Grandmother passed away and left me a lump sump from her whole life insurance policy. it was an absolute surprise especially because i never had a relationship with my father or his family/Since then my Husband and i have both purchased whole life insurance to leave for our four children the monthly payment is worth because i have first hand knowledge that the money can be very resourceful for your love ones it helps out a great deal!
Voice smooth like silk
KAPOWEE!!
How can you have no market loss if it’s tied to the SP500? Obviously the death benefit doesn’t change but if the policy isn’t properly funded it could lapse. If this is referencing a whole life policy I find it hard to believe that you could use the SP as an index, that would be more of a variable annuity contract. If you could explain more I would love to learn my friend. Thank you.
Thank you… I will be calling you… I live in new jersey and i read one of rich dad poor dad book and that lead me to you
Great video! Love it! Even 4 years later ?
I'm one of the Victims. At first, the software seemed to be really professional and authentic I found many favorable reviews about its performance and delivered results.Brokers are nothing more than a dangerous and fraudulent platform. I invested over $ 140,000 and couldn't withdraw my money, months passed and still nothing So, I reached out to Kim Clark to help me recover my funds, I have been able to recover $ 100,000 and the remaining $ 40,000 is in progress. I really can't tell how happy I am. Contact .
Kima5881@gmail.com
Whole life is up there with Timeshares.
Eloquently explained. Thank you?