Can you do a comparison with the Whole Life Insurance Policy vs Maximum Premium Index strategy (MPI).? Over the 12 years with MPI you would have access to over 60k (based off the MPI calculator).
I can work on a comparison using an IUL I can see if I can get a hold of the MPI team to draw me up an illustration or maybe you can get one for me then I’ll illustrate it.
I recently stumbled across the MPI strategy so I am still trying to figure it out. I will reach out to Donnel Stidhum with Self Directed they have a few illustrations. Here are some number using the MPI calculator with your illustration: After 12 years the whole life would have a cash value of $52,820. MPI $60,336. After 23 years the WL cash value $92k with a death benefit of $558k. MPI cash value $183k and death benefit $1.4M. At age 75 WL cash value $1.3M death benefit $1.7M. MPI cash value $10M death benefit $12M. I would love for you to dissect this strategy.
Hi Denzel, Thank you for sharing your knowledge with care. Your videos are gems. I am 60 year old. Don’t have any debt but mortgage. Is it too late for me to start infinite banaling with whole life insurance?
It really depends on your health more than age with whole life insurance. I think it is worth considering multiple options on the table in terms of what you are solving in current situation. We can jump on a phone call and figure that out just reach out denzel@buildertocontributor.com
Just so I understand is the question would you rather leave your family real estate or life insurance? Or are you asking me to compare the performance of one real estate asset against one life insurance policy?
Comparing an investment to a non investment is pretty much pointless the investment will always outperform a non investment because of the nature and definition of the word. If I had to choose leave one piece of property to my heir that is worth let’s say 500k or leave a tax free life insurance policy for 500k. The life insurance policy would give my heir more liquidity and flexibility to leverage the 500k cash to acquire more properties, start a business, etc.
In your question you are comparing a non investment location to an investment location as to where to store this 100k. It is not fair a comparison honestly. To answer your question I would rather have 100k in my cash value because I want more options as to where I can invest that money. The Roth IRA I am limited to what I can invest in and when the money becomes liquid without tax penalty.
@@DenzelNapoleonRodriguez Yep, that's all I need to know about you. You'd rather exchange something that you OWN for a product that you have to BORROW from.
@@astroman30 I own both products I just use them differently. I store my savings dollars in a high cash value policy and I send some of my investment dollars in a Roth IRA.
@@DenzelNapoleonRodriguez You use the word "store" as if you own it. You and I both know that's not the case. Paying an insurance company interest to BORROW against your own money is idiotic. I wish you would disclose who is paying you to pitch this garbage.
