The Real Truth Behind Whole Life Insurance – The Secret Tool Of The Wealthy

What do you think of when you think of whole life insurance? Do you think of how expensive it is? How complicated it seems? How you’ve been told to avoid it?

What if I told you that whole life insurance has been used by the wealthy for generations to grow and shelter their wealth? How whole life insurance isn’t just about death benefits, but that it provides tons of benefits while you’re still alive?

In this video, Lesley Batson of Rebel Rock Wealth dives into what whole life insurance really is, what a powerful tool it can be for building wealth, how to use it in conjunction with real estate investing, and much more.

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[mrmarty]

I've stumbled upon your channel and it is exactly what I've been looking for.
As an old A.L. Williams rep back in the day, I always thought Term was the way to my policy expired 2 years ago.
Luckily I was able to convert to a well designed cash value policy but it took time to educate myself on these types of policies.

Now, I'm planning on buying policies on the kids and grands to start creating generational wealth.

I'll follow your channel for the different financial ideas you supply.

[ArupBhanja]

Excellent way to explain infinite banking.

[PW]

Most cash value life insurance policies have an 8% loading fee. That's like paying an 8% front load on a mutual fund. Maybe my savings account does not pay any interest, but at least I don't pay 8% on deposit

[teetawalker]

I love the 'Life Happens' savings account. In addition, appreciate the visual presentation -- that was extremely helpful. Also, learning about how 'term' is actually that....'term.' And finally, "Wealth building is about what you keep not just what you make."

[dakotadak]

What a professional and well informed video! Love it!!!

[jdp]

I wonder how much it costs to borrow from your Cash value once you have a cash value built up?

[Mr.Moneybags]

i love how anni has dumb it down and rephrase it lol, even tho I personally understand Leslie, but bless her heart for it lol

[GoodeggInvestments]

Goodegg Investments helps you create passive income and build true wealth for your family by investing passively in real estate syndications (group investments). We do all the heavy lifting of finding and managing the properties; you get all the benefits of investing in real estate, including ongoing cash flow, equity, and tax benefits.

[jdp]

Why can't my investing be a vehicle for savings too?

[asterisk]

I know this isn't the point, but it's embarrassing when people confuse "principle" with "principal". If you say that when you invest you are "risking your principle" that means something ENTIRELY different from "risking your principal".

[johndodson]

What they don't say is most people can't afford the premiums to purchase enough insurance with whole-life. You have to have enough coverage to really protect the family. How many people can purchase a $500k whole life policy? Giving a family of four a whole life policy for $100k is not helpful for that family when they really need $350k-$500k. Why not pay $70 per month and get $500k of coverage vs $100k with whole life? I estimate that coverage would cost you $350 per month with whole life. Not affordable for most families. I do think whole life is a good options if you're not discipline to manage your money. I don't believe in absolutes but I think term insurance is better for my family.