“There’s No Chance You Guys Do This”

This guy is waiting for them to pass - wants all this “borrowing against” his business to go away without having to pay.

I think Dave quit listening to the call as soon as he heard “Whole Life Policy”. This why you should never call a radio show for financial advice on a complicated subject.

At the :25 second mark the caller states his family, which consists of his parents, himself and a brother, opened a business. To do that they took a $600,000 loan against the parent’s 1,600,000 whole life insurance policy. The business is making payments against the loan AND giving his parents an income from their interest in the business. How much? Who knows because Dave never asked! Just as soon as whole life was mentioned he quit listening. 

Why would you cash out a policy for $190,000 when it has a NET death benefit of $1,000,000 ($1,600,000 death benefit minus the $600,000 loan) to the beneficiaries….especially when he states his parents are elderly and in bad health??? We don’t know who inherits money because again Dave didn’t ask! If policy is on Dad and he dies and Mom inherits then she will receive net $1 million. Since brothers are already paying on the loan there is no reason to believe the two brothers wouldn’t continue paying Mom on the $600k loan plus income from their business. That is much better than Dave’s advice of cashing out policy for $190k (thus forfeiting the $1 million) and then continue making loan payments to parents! Keeping policy Mom benefits more, and when she dies the two brothers benefit more, because they would inherit the $1 million and the $600k loan would be waived.



We also don’t know how much has to be paid annually (if any) to keep the policy enforced. They may be make $0 payments. Ironically, the insurance company would probably love for them to cancel insurance at this point to keep them from paying out a net $1 million!!!

Ken is over this dude and if it wasn't Dave there he would've hung up on him 😂😂😂😂😂

Can you guys get these spam bots off the comments?????

I am a trader, I flip IPOs. Yeah, no you are not and no you dont you are gambling in a bull market.

great guy lol

I wonder how much per month the caller's parents have been giving the insurance company?

He just sounds sleazy

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Ken just sitting there thinking about what he's making for dinner 😂😂 Meatloaf??? 0 chance he does it 😂

This dude is a scum bag. He’s betting his future wealth on his parents dying before asking him for their money back. Gross.

Robert has way too much going on and his financing structure is murky - way too murky

He handles their money, so it’s very likely he was the one who got this insurance policy for them with the intention of being able to borrower against the policy so he isn’t actually stealing their money legally.

They’ll never get it through their heads that looks alone don’t make them valuable to men. They also judge one another way more than we do.

Listening to this guy talk makes me feel uneasy for his parents.

Gross, this caller gave me the ick

Rich folks and their kids smh

He made me nervous. I need to go do some breathing exercises.

Canceling now is pointless. They are well past the point of needing premium payments, the death benefit is higher than the surrender value. Both will only grow. Why cancel?

People like Jamie Dimon aren’t looking for participants—they’re looking for victims. A system built on counterfeit money and endless debt traps ensures the masses remain dependent, powerless, and exploited. The real question is, how much longer will we let them?

Man whole life is such a headache. Never buy this crap.

To sum it up... rich ppl problems

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How is he managing their finances, but doesn't know how much they have in assets?

So glad I have the daughter I have! This guy scares this senior…

This guy is a crook

hide the pillows

Why is he trying to forecast his parents' death date. 💀

This guy is financing his lifestyle with his parents' money. He should be ashamed of himself.

Even Dave have hard time to process this whole situation, bro is all over the place 😂

Worst call ever. Glad this kid ain't in my life.

Sounds like wheeler dealer to me.

Can someone explain why they would cancel these policies and lose several hundred thousand dollars ?

A succubus of a Son. I'd be surprised if this dude wouldn't try to off his parents to get a payout. People like him are very scummy and you have to watch your back around them. They will lie every day that they breathe, and always look for ways to get a $ off of you without working for it 😐

wow. cancel the policies completely, at this age, well funded policies growing guaranteed. Dave is such a short-sighted fool as relates to whole life policies, what they are and how they work.

I'd be afraid to drink a glass of tea this guy poured for me if he was my kid.

I zoned out … dude your all over the place like those guy that think he doing something but in real world doing fuck all with fuck all results

So this is what the modern snake oil salesman sounds like

I hope one day God will be in these kind rich people problems.

Dude sounds like he is totally taking advantage of his elderly parents..They will end up broke and homeless thanks to their dreamer son with all his businesses on their dime..Dude sounds like a real Douche!!

He is plotting. Just saying 🤷🏾‍♀️

Mom and Dad trusting you is going to leave them poor as you borrow against all their assets until they have none.

How do I get on the show because I am a 16 almost 17 year old that got forced to get my GED by a judge and currently have no idea where to go from here and need serious help asap

The moment he says,

"i have another job/business, i am a trader"


I knew what i had to 😂


Then he says he owes them because they have given him a loan, all his businesses are apparently parent given loans

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