How Does Whole Life Insurance Work As An Investment?

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No one enjoys investing in their death. We get life insurance to protect our loved ones, our business partners, etc. BUT WHAT IF YOU COULD LEVERAGE LIFE INSURANCE AS AN INVESTMENT FOR YOUR LIFE? In this episode, I show you how life insurance works.
Should you use just anyone to set up your policy? Find out here!
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EARNINGS DISCLOSURE
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Kris Krohn is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this document. Also, Kris Krohn, this document, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Kris Krohn does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

Опубликовано:

16 сен 2024

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Комментарии : 155

@jenniferwoodbeck8899 3 месяца назад

Great explanation. I have done this with a few clients and it is a great strategy.

@TheFarmhousePaintandSip Год назад

You know your stuff because you explain it in a way that is cristal clear.

@Eva-123-v4w 2 года назад

I love the value you bring in financial literacy.

@brucecampbell6133 4 года назад

How many people loose big or loose everything trying to make 20% per annum? This argument may work for a few very skilled and disciplined investors but comes with very significant risk for most.

@LA-vd3ls 2 года назад

Bruce talk to them because the thing is most people on here make an average of $60k to maybe $70k with about $60 bucks of disposable income if that they have so who are these really geared to?

@ATOGMILSIM 2 года назад

Increase Your financial intelligence that’s how you make this work

@Gopherll 4 месяца назад

People that use the stock market as a casino lose big. If you just invest in the S&P 500 over your life there is no amount of time period that whole life is a better investment.

@asterisk911 2 года назад

Pardon my thickness here, but I didn't quite hear the part about why one should get this type of insurance policy and borrow in order to invest in real estate or a business, instead of just going directly to invest in real estate or a business. Does it get you there faster somehow?

@astroman30 2 года назад

No...it's just a gimmick to get you to buy trash value insurance.

@RealTalkCali 2 года назад

😂

@joenartowicz199 Год назад

Nope...but it does get the salesman to retirement faster.

@Gopherll 4 месяца назад

They don’t get commission if you do that. Lol

@nicholashoriel5343 2 года назад

Your loan also collects compound interest while it’s taken out

@msdee5526 Год назад

No loan charge taxes

@canocano5480 3 года назад

When you borrow against it are you charged interest on the loan against your savings? If so that sounds so wrong. Why would you pay interest on your savings?

@Shining_120 2 года назад

@thezfamily989 5 месяцев назад

Yes

@ffkfnfnjdkdkdj3526 2 года назад

And you said if you set it up correctly do you have a vid on how to do so

@JurnyAlone Месяц назад

I just retired is it too late I've never heard of this till now. Nevermind you answered it after watching the video it's too late.

@nerfeesaylon9453 2 месяца назад

Can you teach me how im interested in it talking to some insurance agents they cant let you barrow unless you put a certain year to your whole life insurance policy.

@adryboni6762 Месяц назад

I’m just finding this clip and trying to find that link below I realize it’s broken and the page is a 404 down. Can somebody provide some more info? Thanks

@cherylwalden8106 2 года назад

Which companies can structure the whole life policy as you described?

@tsunamifrenchies364 2 года назад

This is my question! Tell me when you find out

@seestuff09 2 года назад

Most any company can but the agent you use has to know how to create this type of policy. Many won’t even know these exist.

@jordanbuckau4242 2 года назад

Northwestern Mutual. Find someone in your network that works there. Top company

@victoriastathis6677 2 года назад

I love this strategy. I wish I had started this when I was younger. It would have been so helpful.

@nateshachamblee7811 Год назад

True

@thezfamily989 5 месяцев назад

Don't do whole life, just get term

@CoachAzizaBinti 3 года назад

Great video, short, clear and to the point.

@askrhonnie6356 2 года назад

Best video on the topic I’ve seen. Thanks. Time to put this into action. 💪

@thezfamily989 5 месяцев назад

Don't do it lol

@gmueller Год назад

is this a strategy that should only be done once you are already maxing out your company 401k, and also an IRA? Thanks

@Rshen11 2 года назад

Don't you pay interest on the loan you take out on the life insurance policy?

@supps101 2 года назад

interest that you pay back to yourself too👍🏽

@eugeneattaattadjei9403 2 года назад

@@supps101 then you die to leave everything When you die, it gets deducted from your death benefit

@sydneylacher907 3 года назад

A great concept! A few of the things you said were misleading (as an insurance professional), but definitely an underappreciated way to utilize a whole life policy.

@cryptosavy9716 3 года назад

@@staticshock2807 she doesn't know.

@shanishine38 2 года назад

@@cryptosavy9716 Agreed.

@snorgisborg2 2 года назад

What is misleading?

@carynwaters9153 Год назад

You can’t just say xyz is wrong or kinda wrong then walk away lol. Details backed by facts (maybe post the links etc) or it’s not true lol!

@KittyOzzyZiggy3895 11 месяцев назад

What insurance company do you recommend

@herelieshope21 Год назад

Who even offers a life insurance policy where you can access your full death benefit while still living?

@seren07 2 года назад

Hi Kris, what are your thoughts about having a trust in the life insurance?

@jrod7929 2 года назад

You'd make the Trust be the beneficiary of your death benefit payout. And yes, this is often the way it is handled.

@jimdemerath1032 2 года назад

Great video...insurance policy creates another option..and options create wealth

@joenartowicz199 Год назад

Lol wrong wrong and wrong

@astroman30 Год назад

"The difference between genius and stupidity is that genius has its limits." Albert Einstein

@melvinmcqueen8835 2 года назад

I am interested in that type life insurance

@stephendove2850 4 месяца назад

It doesn’t

@cakecake6350 3 года назад

Thanks for the brief explanation. It’s the 671 views for me ! Lmao 🤦🏻‍♂️

4 года назад

To paraphrase financial expert Dave Ramsey ; Never use life insurance as an investment. Always use it as a protection , and buy only term, NOT whole life. Dave Ramsey also has lots of experience as a real estate investor in the past. Mutual funds historically have a rate of return much higher than life insurance. Although the value of mutual funds fluctuate, the difference in rate of return makes mutual funds far superior. After all, what does the insurance company invest in? Surprise! Insurance companies invest in the stock market. Some of these companies are also real estate investments within the stock market. with companies that hold real estate. The stock market real estate investments also have the advantage of not calling you in the middle of the night to report a toilet overflowed or a fire occurred on your rental property. Commissions on stock are generally much lower than on real estate too. Edit- Watch out for those who hype life insurance like Nelson Nash!

@ZeqaSnipes 4 года назад

Moreover, investments in the market should supersede what you are putting towards life insurance. But if structured correctly, life insurance is a great tool to use during down markets

@zzospreyzz55 3 года назад

Variable universal life insurance invests for you in mutual funds.

@thaiblkman904 2 года назад

I'm 45, is it to late to start a whole life insurance plan

@thezfamily989 5 месяцев назад

Don't do it

@GoddessR0 2 года назад

thank you.

@marcusholden7063 Год назад

do you need to deposit a large sum or just monthly payments to achieve the £300k death benefit in this example

@GardeningViking Год назад

Where's the links your talking about can't find them.

@makedarussell6493 2 года назад

Thank you very much.

@InnerMoonTrading 5 лет назад

Whats life insurance and how Do i get one?? Is it a bank, do i call someone ?

@KrisKrohn 5 лет назад

Life Insurance is an insurance policy. I know I refer to it as a bank in the video, but that is a metaphor as a bank is a "place that stores money" but Life Insurance is setup by a professional. hit that link if you want a consultation on how to set it up and see if life insurance is a solution for you.

@kevinsosa9230 5 лет назад

Kris I’m 19 and I find this concept amazing but my only concern is at what age do I decided to set up this life insurance policy? More specifically what are the Benefits of setting one up when you are young versus setting one up later on down the road when I have a better job, income, etc?

@Army_Of_Juan 4 года назад

Kevin Sosa when you are young the insurance cost it’s lower and you are healthier and that’s important to get approved

@paulstutsman 4 года назад

Never to early to start building capital. I suggest going to the Nelson Nash Institute and look for an IBC practitioner in your area.

@rayj.9568 3 года назад

@Kevin Sosa, The younger the better. The monthly premiums increase as you age.

@SLove-sx9wz 2 года назад

Get it now.

@dannynunan2330 Год назад

Did you do it?

@galloe 2 года назад

"I've only met three people in the last decade that know how to structure these in a way that really benefits you and I..." Bro, what?🤣 So the concept is so exclusive or uncommon that you, who works in the business, have only come across three people who know how to do this right? Yet everyone and their mommas are making videos about it touting how great of an investment vehicle it is, lol.

@lapoblanarestaurantsramire3769 3 года назад

Don’t you have to pay interest on your loan ?

@ryanhoranable 2 года назад

LOL that kris didnt answer this!

@I_like_turtles_67 2 года назад

Dudes a snake oil salesman lol.

@terrimiddlebrooks4946 2 года назад

Yes you do have to pay the loan back with interest, which is crazy to me why do I have to borrow from my savings??? If it's my savings!

@TheLatsiomichael Год назад

Who are you paying the interest to? Yourself or the company?

@jamalsangster 5 лет назад

Great info. Thank you!

@Eva-123-v4w 2 года назад

I appreciate all your value. Your amazing!

@tylerbooth9592 3 года назад

Hey Kris, I have crypto currency and what I wanna know is how can I tie in crypto profits with whole life insurance with out being taxed or is that not possible? another words I make huge profits in the crypto world and I don't want my profits to be reduced. is there a way to connect the two without an issue? Or is this a case of I should have purchased crypto through an IRA or LLC first? Any suggestions or legal loop holes?

@brandonWilliams-yr4re 2 года назад

Great question, I also have the same. Ask your local tax expert if you haven’t or try to dm Kris

@473Pools 2 года назад

Can people apply from anyway in the world

@tracylieu3211 4 года назад

Can you give me the contact to open a whole life insurance policy as what you said. Do you know how to convert 401k into whole life policy without paying tax and penalty?

@itsblossom-pv3fx 4 года назад

You cant. you will create a tax event if you convert a 401K into a whole insurance policy.

@AlexStephens2104 3 месяца назад

@@itsblossom-pv3fx not true... it's dependent upon certain factors and conditions such as age and amount put in and withdrawn-- you can allocate a certain amount of money into another qualified plan such as an annuity or WHL.

@AlexStephens2104 3 месяца назад

look at "1035 exchange" this is exactly that ^^

@TabithaKimberley-fw2lx Год назад

Great explanation on Whole Life Insurance! 😊🙌 Finally understand my options.

@1326Deebo 10 месяцев назад

How soon can you loan against your whole life policy

@Gopherll 4 месяца назад

Could take 15-20 years to build up the cash value to a point where it makes sense to take a loan against it. Meanwhile if you just invest that premium in the stock market you can take it out at anytime and expect a 4-5x higher return

@akankshtharun135 2 года назад

Great job sir

@odiaz1432 2 года назад

20% ROI on Realestate? Yeah, right buddy

@mikep4869 5 месяцев назад

Not unheard of. 15% is a more attainable number. You make it on free cash flow, mortgage paydown and price appreciation. Your investment might be 20-35% of the purchase price and that is the number your ROI is measured against. Just understand there are better options out there to build wealth. I wouldn't put money into IBC, just go direct to real estate and save the cost of one loan. Far better off in the long term.

@djmac3653 2 года назад

What if u don’t have kids no one to benefits from is it still worth getting whole life insurance

@juniorpadilla3886 2 года назад

This is weird so many video contradict what he says. So confused

@TheDNW 5 лет назад

Awesome Sauce Kris

@nurfacealways 2 года назад

How do I do this???

@allenwatkins177 3 года назад

Thank you sir

@laine2138 2 года назад

Who can you tell me that knows how to do this? I have whole life insurance but they never told me about his deal.

@KrisKrohn 2 года назад

You can talk to my buddy Rob's team. www.kriskrohn.com/insurance

@Noob-f2n 11 месяцев назад

njcd

@corneillenkanira2537 2 года назад

Do somebody based in canada who knows such insurance ..

@JoWabbie 3 года назад

whats better tho/Term or Whole/

@astroman30 2 года назад

Term

@wv1508 2 года назад

Whole

@thezfamily989 5 месяцев назад

Term

@blakemclain5980 Год назад

If I’m 29 years old. Am I to late?

@KrisKrohn Год назад

29! You're basically a spring chicken! It's definitely not to late for you.

@4himiliv 5 лет назад

You have taught me so much thanks

@ericgibson15 2 года назад

Hey starting an podcast are you willing to be on my podcast?

@cgoose68 3 года назад

What company is the best for a whole life policy

@AlexStephens2104 3 месяца назад

New York Life Insurance

@SpaceLegendsOfficial 5 лет назад

Makes me wanna slap policies on everyone I know Lol

@brooklynnbronx92 5 лет назад

Would you think "indexed universal life" can be used advantageously for this as well since it's safer than "whole life"

@multimeter2859 2 года назад

@@brooklynnbronx92 How is an IUL safer?

@canocano5480 3 года назад

Okay I’m coming in late in the game, I’m single, no family and i want to buy a home Which type of policy would be best for me

@rayj.9568 3 года назад

Whole Life. Look into the Nelson Nash Institute. Find an agent in your area.

@thezfamily989 5 месяцев назад

Term life not whole life, not index not universal

@thegoodmuffin3504 3 года назад

Yes having all. Thank you kris such a wonderful person, just join your 7f.h.

@ksmoothy28 4 года назад

I have a hard time believing that a real estate guy like you all in love of whole life lol. What's in it for you? 😆

@BunkMasterFlex77 3 года назад

Uhhhh, the commissions from the sale maybe?

@investingpenguin9914 Год назад

90% commission

@miltonwithrow383 Год назад

You should ask Dave Ramsey the same thing.

@mylesjenkins8915 2 года назад

This guy is the epitome of the term “used car salesman.”

@ledflaplin2001 2 года назад

How so? Everything he’s saying is correct. What do you have against what he’s saying? Back it with facts.

@SteveFriot 2 года назад

I agree

@EEhealth 2 года назад

Dear Lord , your level of intellect and common sense is zero!

@juniorpadilla3886 2 года назад

What bank is he talking about?

@mikep4869 5 месяцев назад

He's not. This is the 'word salad' sales pitch. Run!

@sikskillz2186 3 года назад

great description. it’s definitely the best option .

@teetee4260 5 лет назад

I've had a whole life insurance policy on myself my daughter and grandchildren (riders). How do I borrow from those policies? How do I know if the policy is written correctly

@KrisKrohn 5 лет назад

Tough to say without seeing the details of your policy. There are different ways that a policy can be setup. I'd still recommend hitting that button to have a consultation. www.kriskrohn.com/insurance

@Gevans5472 4 года назад

Don’t do it! Run.

@drikarussell6916 2 года назад

@@Gevans5472 Why do you say don’t do it?

@weaviesbaby 3 года назад

Never buy Whole Life. Never. Buy term, invest the rest.

@imnumb334 3 года назад

Hit me up if you need life insurance

@rondamonhollon1475 3 года назад

The only person this type of policy benefits is the agent. Do your homework, there is nothing right with a whole life policy. It is a rip off, don't be fooled.

@astroman30 3 года назад

Amen.

@ebear4015 3 года назад

True.

@SenorJoeBiden 2 года назад

Yup you’re a lot better off just putting it in the market, especially with a taxfree 401k or IRA

@seestuff09 2 года назад

You have no idea what you’re talking about. If done this way the insurance agent makes a 90% reduction in their commissions

@LA-vd3ls 2 года назад

Because I'm sure the agent is in the business of making 90% less

@shrooms6570 2 года назад

if i were to put in 40k every year since age 19 to age 35 would i be able to live off of it?

@I_like_turtles_67 2 года назад

If you put 40k into dividend paying stocks. Setting up drip. You would be a multi millionaire. Invest 40k a year into whole life. You will make your whole life agent a multi millionaire lol

@seestuff09 2 года назад

@@I_like_turtles_67 you have no idea what you’re talking about. If set up correctly the agent would make like $4k on that policy one time.

@eugeneattaattadjei9403 2 года назад

@@seestuff09 you have no control of the settings. The Insurance companies have their own designs/structure. You can only agree with their terms or just forget it

@msdee5526 Год назад

You can’t place 40k a year sir bc the max is 22k

@mikep4869 5 месяцев назад

For that commitment you can buy eight or nine houses and never have to work again. Or, you can buy this product and ensure the insurance salesperson never has to work again. Because he will buy the real estate.

@itsblossom-pv3fx 4 года назад

This was terrible advice. I hope you're not an investment advisor talking like that.