Overfunding A Whole Life Insurance Policy

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[goldmineadvantage]

Must be a mutual/participating policy.

[LabelCreateInvision]

Hey brother, informative video I one to be able to cash value with limited funds I’ve 8K to 10 K in stocks and bitcoin trying to get cash value to fund a mortgage or even use my policy as collateral for a mortgage or my business. How would I go about that?

[TheRoadtotheriches]

Let’s say someone age 30 wants to use the to pay of credit card debt about 60K of it. How soon would the be able to borrow money? What’s the average cost? The start up cost and monthly cost?

[legendaryrscopridge]

Is there a limit to how much I can pay on a policy each year?

[phoebephoebs]

But what do you mean by putting into the 100k, is that in premium .

[chrisrutare]

The question is once u use ur cash value do have to have to restart again to fund ur cash value for next year

[funnyperson]

Have you done this? There’s a video out there that says someone did this to find $96 in hidden fees within a 90 page disclosure per $200 of payment! Nuts!

[FactsFinancial]

This is the nonguaranteed premium illustration. Show the guaranteed premium outlay.

[polibot]

What will grow more? Dollar cost averaging into an investment with a 5% return for 25 years or a 4% return for 30 years? Answer: 4% for 30 years. I’m hesitant to agree the cash value of a life insurance policy is a better place to put one’s money then a conservative allocation for safe cash appreciation…even if it can grow 5% a year after a few years of negative returns.

[cjwfzvg]

the debt benefit value as a whole will eat the cash value inside the policy if the debt benefit is a lot more than then cash value.

[therealcalvinnelson]

Id rather put it into an IUL, 100k yr, age 30-65=3.6 million contributed, Cash value conservatively/depending on the S&P500, AT age 65= $10, 511, 018 cash value, death benefit $12, 613, 222. If its not touched, AT age 90 is $40, 055, 431 death benefit (if S&P500 does 5.94%) and cash value is $38, 148, 030. ($3.6 million still contributed) if I want insurance I would get a term for the coverage. Good knowledge though. Can't see the entire thing but overfunding is crucial especially if using it to use the cash, otherwise its just an expensive policy that someone sold to make a large commission. Sadly our agencies and agents come across it all the time and replace them with properly structured policies.

[TeddyBearBunda]

the question is....who can afford a premium of 10k/mo??

[war_robots]

Insurance information not that information

[TylerMatthewHarris]

Whole life shouldn’t be treated as an investment. The cash value should act as a reserve for when the market is down if you’re in retirement and living off the interest you’re earning in the market.

[Truthhall_]

But you still only get 1 benefit with a whole life policy

[whitey]

shit is not worth it at all. like not at all. put your money in another other asset or service that appreciates more than .5% a year. Also all ur cash is at risk.worst investment anyone could ever make.

[manonthemountain]

Woke life insurance is a bad investment unless your wealthy

[wgqnzpv]

Show the years ?? It doesn’t grow that much the first first or 3. Shit. It’s not till 5 years later and it’s definitely not that amount .. that iis why people get ripped off. teach them right !!! .. or else I will

[jaycost]

This seems like an awful investment based on the math…