Policy Loans: Overview | $50,000 Loan $100,000 CV | IBC Global, Inc

00:05 Introduction to policy loans
01:17 Basic example: Dividend-paying whole life insurance policies
03:23 Getting to know more about insurance companies and benefits
05:24 Demonstrating how policy loan works
06:50 Know what is the impact of immediate growth and long term growth
08:51 Breakdown of how policy loans work
09:18 Always remember!


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DISCLAIMER:
All advice and/or opinions expressed in our videos are the result of our experience in the insurance and financial industries. Any action taken based on the information expressed in our videos is the sole responsibility of the viewer. All content produced by Steve Parisi and IBC Global Inc is made for informational purposes only.

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[OregonCashFlowPro]

Just for clarification, the insurance company collateralizes the death benefit AND the cash value. That clarification can help people understand that their accumulated cash value doesn’t actually decrease, since they aren’t borrowing their own money.

[GregMakaroff]

I’m new to this.. what if a person chooses to not pay back the “loan” which is basically just you using your own money.. how would that play out if a person simply made some basic premium amounts into this each month?

[davidallen]

So in the illustration am I correct that the policy loan interest rate does not really matter as the added interest amount eventually just goes back to catching up your cash value and death benefit you would have by leaving your policy alone?

[Munchy]

What am I missing. They borrowed $200k and repaid $228k, but have the same cash value. So pretty costly to borrow from the policy it seems.

[joyo]

In my experience, the dividend rate of 6% is not the actually IRR (at least not until your premiums are completely paid). I'm at year 5/15 and my WL policy seems to have a 3% dividend rate. Finally got a positive IRR this year as well.

[metimetalk]

All policy loans don’t pay higher dividend rates than the loan rate. Companies would be losing money. Which company is this?

[lanceboy]

Hey Steve, How should you go about paying a loan on a VUL policy? Would it be better to make a lump sum payment when the market is lower since it is base on the funds in the contract? Any suggestions? Thanks Lance

[nhlamulondlovu]

Do you have any videos on collateral assignment

[MojoCycle]

Great video! Curious, Dave Ramsey says that dividends are actually over payments and not actually a gain even per the IRS rules . He is saying these policies are a scam .. can you clarify the dividend ?

[jacobsimons]

what happens if you don't have 100k in cash value only 1, 000 but wants to borrow 50k? is that possible?

[cesarrivera]

Great info! Thanks !! Very helpful and very well articulated!

[stellaokolo]

Hey Steve, thanks for the video, great info.
I live in London UK and have been interested on the life insurance for a while now but been looking into insurance companies but I have not seen any that does whole life insurance with life benefits. Would you be able to recommend any insurance company in UK that have whole life with life benefits if you know any please. Thanks in advance.

[lobangelesclippers]

I would like to know more about the ways people are typically paying back the policy loans and what theyre using them for. Are most examples assuming the policy loans are used for a profitable investment?

[robmartin]

Can the cash value be taken out tax-free for retirement

[jaw]

What happens if the policy holder passes with 100k in cash value 500k death benefit

[BigMeechy]

Why does the death benefit of the policy with untouched cash value start to decrease and then increase again ?

[cjayone]

What if u have no cash value and you just opened the whole life.. can you borrow from the db?

[greatesthits]

That 5% loan ended up being being an about 13% loan

[supersonicgamer]

So can I use the cash value to make payments on the loan I borrowed on my WLI policy?

[RackedupYe]

How is it a loan if it’s your own money ?