The Most Misunderstood Asset in History: The Positive Case for Whole Life Insurance

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0:00 - Intro
2:00 - Nate Dean's Journey into Whole Life Insurance
3:30 - Why did Dave Ramsey Block You?
6:59 - What I got wrong about infinite banking
8:06 - The most overlooked benefit of whole life insurance
9:08 - How to increase the value of your dollars
12:36 - When you should & shouldn't Policy Loans
20:01 - Dean's presentation on Infinite banking
25:10 - The tax benefits of whole life insurance
28:06 - Are there restrictions on policy loans?
29:39 - Certainty & Control
35:21 - Chronic Illness Rider
40:41 - Infinite Banking Vs HELOC
47:44 - Comparing policy designs
49:40 - Is it a scam?
51:36 - What's the definition of being wealthy?
58:46 - Caleb illustrates his wealth framework
1:10:30 - Human Life Value & Living Abundantly
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✉️ Email BetterWealth: bttr.ly/info
WEBSITE: betterwealth.com
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DISCLAIMER: bttr.ly/aapolicy
*This video is for entertainment purposes only and is not financial or legal advice.
Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

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Опубликовано:

8 авг 2024

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Комментарии : 39

@BetterWealth 2 месяца назад

Want to join us in person for the best life insurance event of the year? Go Here: andasset.com/mastermind

@johnp7739 Месяц назад

Since you mentioned HELOC, have you ever talked about velocity banking, using HELOCs for investments, etc? I've heard things about that but I'm not sure what I think about them.

@chroniclesnate 2 месяца назад

Greatly enjoyed our time together! Thank you again for the invitation brother 🤝

@BetterWealth 2 месяца назад

So much fun bro 🙏

@TorinZonfrelli 2 месяца назад

Growing your wealth is playing offense. Defense is your protection. And when you play really great defense, you give your offense better opportunities. So damn good. I love this analogy. I’m licensed in home, auto and life and insurance and I’m totally going to use this phrase to help people understand why proper protection of their assets is so valuable.

@chroniclesnate 2 месяца назад

Glad you found this so valuable!

@BetterWealth 2 месяца назад

This makes me happy 🙏. Thanks so much for watching and commenting 🔥

@lilo4518 2 месяца назад

Great information

@BetterWealth 2 месяца назад

Thank you so much for watching!

@TrentFortner 2 месяца назад

Great session guys! I am proud of each of you for your impact in this industry.

@chroniclesnate 2 месяца назад

Thank you brother!

@BetterWealth 2 месяца назад

🙏🙏🙏

@cwall216 2 месяца назад

This was some outstanding content

@BetterWealth 2 месяца назад

Will be making a video soon on it 😊❤️

@jcrockett870 Месяц назад

You guys talk about policy design and how important that is... i just like to say i have the WL100 with Massmutual, and i gan do all the things you guys talk about. I like the death benefit because I am older and my term expired.

@TorinZonfrelli 2 месяца назад

Yes please do a visual 9:57

@AnthonyBove Месяц назад

I think the reason i like you guys so much is because of the values you focus on, family, purpose, all the other things that have value besides money

@BetterWealth Месяц назад

Appreciate this comment Anthony!

@amberdelgado9335 16 дней назад

Yes please break it down😊

@chadhanson3431 Месяц назад

~46 minutes- I would go with heloc because it above the line deduction re taxes if used appropriately. I would go to life insurance for bigger life issues.

@rontreboski4865 2 месяца назад

I do Enjoy the channel and the conversations. It makes me think of WL with so many wonderful features.. and I agree with so much of what is said, but When you compare it to a high savings Acct, VS the WL.. and if something happens, Let’s not say a death but a job lose, and now I have this WL Obligation or DEBT Obligation and I can’t pay for a few years then we Risk losing the whole policy or having serious loses like as if I didn’t pay a Mortgage on property, U compare it to a Saving Acct ( I can go a few years not contribute to the Acct ) and the Saving Acct is Much Less Risky and less reward, and yes we pay taxes on the gains and less reward.. but we need to compare all factors. I would be interested in seeing the stats on how many WL policy are written and how many Fold or Surrendered?

@BetterWealth 2 месяца назад

Great point! I should do a video on the flexibility of life insurance and looks at the stats as well! We try to design policies to weather major personal financial storms.

@lindaniblackmogul6643 Месяц назад

Thanks guys i learned a lot ,a lot of professional finance guys attack me when i talk about this

@BetterWealth Месяц назад

Really glad this was helpful! People tend not to approach things objectively. We’re hoping to change the conversation around this in the finance world. It’s a big uphill battle but we think it’s possible!

@jrs66 Месяц назад

How do you use it for your first lein heloc ?

@terrysammon6077 2 месяца назад

Great content. Does anyone know if Dave Ramsey, Suze Orman or The Money Guys (and all the other haters) have actually read Nelson's book BYOB. I've always wondered.

@BetterWealth 2 месяца назад

I am unsure but if I had to guess I would say probably not. I know Dave Ramsey has seen something because he understands some of the concept same with the Money Guy show.

@chaosdragun1608 2 месяца назад

The main reasons ive used an overfunded whole life policy is to temporarily earn cash faster than a high yield savings account due to the tax implications on the savings account to pay off your debts faster.....yes you may be able to earn faster in the open market but it may also go down and take you longer. Once you're debt free, except to yourself, just utilize it for the death benefit minus the unpaid loans to yourself and i move onto other ways of building wealth. At the end of the day its a case by case situation but ive yet to find a better guaranteed way to grow my cash for the temporary purposes of getting out of debt with a remaining death benefit that will be there until i die.

@lindaniblackmogul6643 Месяц назад

Does this work in the US only

@BetterWealth Месяц назад

We only work in the USA. There may be similar practices in other countries but we can only work with US clients.

@cwall216 2 месяца назад

Congrats on fatherhood!!!

@steve-on3234 9 дней назад

It’s not infinite. You can’t take out but a portion of your cash value (meaning you don't have full access to your cash value like you would if you invested normally), or the policy will collapse (unless you keep adding money) and then you would you lose the life insurance and have a big tax bill on the gains.

@kenpowell3557 Месяц назад

why not your 401k loan?

@steve-on3234 9 дней назад

Cash value is no stronger dollar than a dollar invested in a treasury or real estate. That’s where the life insurance companies put their money that they get from premiums to pay dividends.

@steve-on3234 9 дней назад

It’s not a scam. It’s a terrible product.

@steve-on3234 9 дней назад

You guys need to quit selling this crappy product. Ripping people off. You need to tell them to get term and invest the difference. There’s just no other reason for not doing that. You don’t need to borrow from a life insurance policy when you can invest the difference and either spend what you’ve built up as your own cash value in a brokerage account or you can borrow against your stocks if you don’t wanna sell it and pay capital gains. Same thing you just not overpaying for an insurance policy

@BetterWealth 9 дней назад

Thanks for sharing your perspective! Any desire to come on the show to present your ideas to our audience? Would give us the chance to have a good conversation and hopefully expand our understanding towards each other. Let me know 😁

@josephcopeland7071 2 месяца назад

Couldn't make it through the whole video. There are too many ads. Most videos build off the same concepts, and I enjoy rewatching but not willing to sit through that many ads over and over.

@BetterWealth 2 месяца назад

Thanks for your feedback on this. We will have to look into this. I believe we don’t decide on where the ad placements go or how many but I will have our media team look into this. Thanks for sharing