2022 Whole Life Product Updates - See the best dividend-paying WL policies for infinite banking

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Comparison of the top dividend-paying Whole Life policies for infinite banking. Understand the impact of the section-7702 changes on these newly revamped 2022 policies.
- 44-year-old, 53-year-old, and 37-year-old
- Current dividends plus 0.5% and 1.0% lower
- Max term blends and 10-pays
See the biggest and oldest Whole Life companies compared using these scenarios.
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Timestamps:
0:00 - Intro of all policy scenarios
0:57 - Looking at the best Whole Life companies' ratings & financial strength
2:43 - Context of Comparisons + 44-Year-old Male Preferred Health @ Current Dividend
7:31 - Dividends -0.5% for + 44-Year-old Male Preferred Health
9:04 - Explaining about PUA loads for Paid-Up Additions
10:35 - Dividends -1.0% for + 44-Year-old Male Preferred Health
12:43 - 53-Year-old Male Preferred Health @ Current Dividends
15:06 - 37-Year-old Male Preferred Health @ Current + Stress-Tested Dividends
15:55 - Understanding Custom 10-Pays for any range of years you want
16:35 - 37-Year-old Male Preferred Health @ Stress-Tested Dividends
17:08 - How to know you’re getting the best policy
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To learn more about what makes the best Whole Life product #1 (before it's gone):
bankingtruths.com/best-divide...
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Have questions or insights?
Type them into the comments sections below…

Опубликовано:

1 июн 2024

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Комментарии : 5

@warrenbarnes9653 2 года назад

Could you provide IRRs for these examples? For the 53 year old example, do the cash value IRR’s reach 4.0%? 4.5%? Thank you.

@FalhenStudios 2 года назад

Thanks for sharing this, I'll like to consult with you

@BankingTruths 2 года назад

Bankingtruths.com/schedule

@warrenbarnes9653 Год назад

For the benefit of viewers, I would point out that, though I am a happy Penn Mutual policyholder, I would not recommend Penn Mutual for many people. There are two reasons for this. First, if you access money from your policy during the first ten years, it greatly damages the economics of the policy. This is because the dividend rate on the portion of the cash value that collateralizes the loan is reduced to 35 basis points above the guaranteed rate - 3.35% dividend rate for the current policies. At the same time, the loan interest rate is variable. So in a period of rising interest rates, you could find yourself paying a lot more in loan interest than you are receiving in cash value growth on a portion of your Penn Mutual policy. Although you could obtain a CVLOC loan from a bank instead, not everyone wants to deal with that. Second, Penn Mutual provides less flexibility in funding the policy than the larger mutual companies, especially Guardian. You really need to fund a Penn Mutual policy just as illustrated in order to achieve the illustrated returns. Having said all that, Penn Mutual is the only company to pay close to the full dividend rate on paid up additions. That’s a big part of why their illustrated returns are better. So for estate planning and long term accumulation, if you are sure you can fund it religiously and won’t need to access the cash value for many years, you can’t beat a Penn Mutual policy. But for IBC or use of a policy as working capital, I would look elsewhere, particularly Guardian which is super flexible. Great video, Hutch!/Warren Barnes, CPA and insurance company executive