Whole Life Insurance Explained

The purpose of Whole Life Insurance is to provide coverage for your entire lifetime. Traditionally, Whole Life Insurance is a consumer demanded product that offers more than just a death benefit by permitting the policy holder to build equity in the policy.

This is a comprehensive video on the workings of Whole Life Insurance, particularly Participating Whole Life Insurance.

Watch + Learn how a policy is designed, how Paid Up Insurance is created, how Cash Value is accumulated, and the difference between loans and withdrawals. Learn about dividend options, non-forfeiture options and what makes a policy participating or not.

Something you want to avoid is mistakenly turning your policy into a taxable Modified Endowment Contract. You'll learn all about this as well.

You can use the Cash Value in your Whole Life Insurance policy with a strategy called The Perpetual Wealth Code.
The Book Prescription for Wealth details how to setup a self financing system similar to the concept of Infinite Banking or Bank on Yourself.
You can get Prescription for Wealth on Amazon or on our website (links below)

Prescription for Wealth Book:

[mgallegos]

Very well presented! I’m and life agent and infinite banking policy owner ( I have three WL policies) and I learned more in this video than anywhere else.

[arleanlove]

Great job in explaining whole life insurance. I've been a broker for over 5 years and I learned a lot of great information from you - you simplified it well in your presentation so that it was easier for consumers to understand the advantages of different components within a whole life policy. I need you as my mentor! :-) Thank you - job well done!

[khongcolong]

Your illustrations makes this the best video i have seen on YouTube on this topic!!! Thanks.

[snidjantha]

I've learned a lot about whole life insurance from your video. Thank you very much.

[Xcepticus]

Thank you for taking this time to make such an educational and informative video. If the spreadsheet or powerpoint presentation was larger, it'd be better the eyes since I'm watching on my smartphone. Otherwise, I found your presentation to be very helpful. Thanks again. 🤝 Keep up the excellent work! 😎

[brucecrow]

Thank you for the informative comprehensive overview!

[carloscubillo]

Excellent presentation. I love it! Thank you

[waheedbaloch]

great knowledge about life insurance policy

[disabilityinsurancequeen]

Good video! This is one advantage of whole life.

[dennyoviedo]

Nice perfect, beautiful 😍 thanks for the info.

[kokosthoughts]

I need you as a mentor! I learned so much, great video. Thank you.

[eddieatum]

Best information I've come across..thank you..

[AlfredoHernandez-rips]

Great presentation, I have my infinite banking system and you explained it better, much better than my agent.

[cakecake]

Thank you for your video. I dl’d the book! Good stuff !

[charleschavez]

HI. It seems like you are practicing Infinite Banking Concept 40/60 split. I like the presentation, i think it would have been helpful to some if you had included when taking out a loan the non direct participation of the loan and how it still growing tax deferred as if the loan was never made and made whole once the loan is paid off. Maybe that's in another one of your videos. Good luck. Love the channel.

[baine]

I can get 30 year of term life insurance paying a death benefit of 750, 000 USD for a monthly payment of 50 USD for a grand total of 18, 000 USD payed during the life of the policy. lets say I invest 700 a month during that time for 30 year at a low return rate of 6%. If i die during that term my wife gets more money than what the whole life policy death benefit would provide. If I don't I would retire on 703, 160 USD and yearly I put in less than what the whole life policy cost at 9, 000 total versus 10, 000.

[patc]

This video would be better if the charts you presented were larger and you were smaller.

[swarupghosh]

Hello, great video. Thanks for doing it. Would you recommend a couple of Life Insurance companies that supports all the points mentioned

[yiweizhang]

Great video on adjustable life insurance, not exactly a whole life policy. My question is that on the web I've come across places that say if I call up my insurance company I can exchange the cash value into the death benefit. So essentially, when I'm about to pass on, I can almost double my death benefit leaving very little cash value, since the insurance company takes that cash value anyways. Is that true? I can't find anyone talking about that on YouTube. Thanks.

[rayg]

So where do we go? What company do we buy insurance from. I want to buy from this woman