How to Build Wealth With Life Insurance

All this applies to US and others but not in Nigeria or Africa

Good video, easily explained

Thanks for sharing! Very helpful

Good Man 👨 . I have 2 live insurance but I really want to understand the concept

🤣😂🤣 you just made me a rich man

If you make $18k profit from bitcoin you will pay uncle Samuel a piece of that

Did you tell the people that if you borrow your own money, you have to pay it back with interest? Did you tell them that if they borrow that money and die, they take that money from your benefit? Did you tell people that if you die, the company keeps your cash value and pays only the death benefit. You have a nice idea but most people will not do what you stated.

Have you ever ran a comparison between someone who uses $400 to buy $500,000 of term insurance and then invest the difference in a Roth IRA with appropriate mix equity and income mutual funds and the whole life insurance strategy? What happens to the cash value in the first year or three? What happens to the cash value when you die? If you have to invest in something speculative outside of whole life as mentioned, don't you have to pay taxes on that gain? Why do you guys only compare whole life insurance to bank savings accounts when you are talking about long term money accumulation? Why do you have disdain for term insurance? If you helped clients buy term and invest the difference, what would that pay you versus what you would earn selling whole life insurance? In your example, I estimate you would get paid about $4,800 for putting that in place. I also estimate that a similar face amount term solution would only be about $600 annual premium, so that along with the sales charge on the mutual funds would only pay you about $600 to $700. So I can see why YOU are touting the whole life strategy when the client would actually be better off buying term and investing the difference in mutual funds.

Great video, thanks man. Question, how do you avoid crypto taxes? For example, if I cash out my crypto profits don't I instantly have to pay taxes? I don't have an insurance policy currently.

love the video. thanks for breaking it down.

This was really helpful. Answered a major question for me and gave me perspective

$100,000 in how many months or years for it to build up? I got a $100,000, but my cash value is less than $400. Am I missing something?

We also have another policy that is even better then both term and whole life, it’s called index universal life.

Please explain. Why would I spend $400/month on a life insurance policy and only $150 goes towards my cash value if I could save that same $400 as cash and then use the cash as collateral while I'm alive?

I love this . I can't thank u enough. Pliz send me info how I can get my Certificate. So I can help others. ❤

Good upload .

Thank you so much for this video. I am going a get a whole life who can I get it with? What is the best type of whole life policy?

I will support your channel because how simple you explain this system im already in the process of doing this

How to open an account here on IUL

Man i watched about 3 or 4 videos before this one and once you broke it down i finally get it. Thanks Fam!

Thank you for this !

Thanks. 😊

Wow, that's really a game changer. I'm super charged for the next steps. I wrote down all the info. How and what's the best life insurance to sign up with. I need 1 on 1 consultation

Great job 👏🏿

Easiest breakdown!
Thank you so much!
💪🏾💪🏾💪🏾🖤🖤🖤💪🏾💪🏾💪🏾

Thank you, Dipo. This is awesome

Thanks 🙏 I am a future insurance agent.

Mannnn I learned a lot from you 🤔

This is the biggest pile of BS ever. how do you expect people to believe this crap? everything you mentioned about whole life insurance starting from interest, to policy and even leverage is factually incorrect

Also have permeant. 😆! Which is an iul

keep dropping heat!!!

Simple and easy to follow. ❤

Such great video.. they should teach this in schools but of course they have a totally different agenda

what happens if you lose out on the investment by leveraging?

I don't think that the gains made when you "leverage" your life insurance policy to invest in investment vehicles such as Crypto, Stocks or Realestate are tax free unless it is made within the "confines" of a ROTH IRA account. In regards to Cash value life insurance.... what is tax free is the 3% to 7% compounding growth within your policy over the years and the death benefit to your heirs when when they receive the "death benefit" after you pass.

I’ve had my Insurance license for over a year now and I haven’t made a $1 yet!!! 😢