How To Properly Structure A Whole Life Insurance Policy In 2023

In this video Chris Kirkpatrick does the 2023 update to his How To Properly Structure A Whole Life Insurance Policy. These videos are vital to understand if you are selling whole life insurance or if you are contemplating purchasing a whole life insurance policy in 2023.

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📖 Chapter Timestamps Here ⏰
0:00 Intro to how to properly structure whole life insurance in 2023
0:45 The changes in the whole life insurance market in 2023
2:12 Things To Consider For Whole Life Insurance Structure
5:00 Why Do We Focus On Non Guaranteed Assumptions In Whole Life Insurance?
9:10 The Basics Of Whole Life Insurance Design Options
10:30 Why You Don't Want To Have A Limited Pay Whole Life Insurance Policy
15:00 Whole Life Insurance Policy Efficiency and the Cost of Term Riders
18:00 Front Load Cash Into A Whole Life Insurance Policy To Increase Cash Growth Efficiency
21:20 You Can't Do A 10/90 Policy And Front Load Without MEC'ing the Policy
23:00 When A 50/50 Policy Beats A 10/90 Policy For Liquidity In A Whole Life Policy
28:40 Living Benefits In Whole Life Insurance Policies
29:50 Different Ways To Use Whole Life Insurance To Create And Protect Wealth
31:00 Whole Life Is An Investment In Yourself

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VALUABLE CONTENT TO CONTINUE THE EDUCATIONAL JOURNEY:

How To Properly Structure A Whole Life Policy

Indexed Universal Life vs Whole Life - Which is Better

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🤔 ABOUT LIFE180 😃
Chris Kirkpatrick launched LIFE180 as a solution to a problem. As the director of business development for a Fortune 1000 life insurance / broker dealer, he became disenchanted with the financial industry because of the lack of education provided to clients and how "financial advisors" were really just glorified sales people.

So... LIFE180 was launched to help give relevant financial education for people to create wealth. Along the journey, LIFE180 has evolved. Chris quickly realized he was passionate about not just helping entrepreneurs on how to leverage their money, but how to build their businesses.

Over the past 5 years, Chris has spent thousands of hours mastering the art of online business development for himself and clients. In 2020, LIFE180 morphed into a full service online business launch and development agency. If you need any help creating more revenue or generating more leads online, LIFE180 can help.

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*All content in this video is for educational purposes only and is not to be interpreted as personal financial advice.

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[philipromero]

What company did you use for this example

[AetasInsurance]

Is there any documentation that proves life insurance companies buy Call Options with money from their General Accounts? You mentioned that with Cody Askins and I’m very interested in the topic. Hopefully you answer this comment.

[Hyowatta]

How should you setup the Whole Life Insurance policies for the beneficiaries of a Trust whose premiums will be covered by the Trust, and who will be too young to use the money until they are around 18 years old. It seems that they wouldn't need to have as much early access to the PUA. Can you give them a policy while they are a newborn and set it up for maximum growth until they are allowed to start using the PUA's?

[ryanthomas]

Do you offer free consultations? If so, I would like to set up a date and time to speak further on the topic. Illustrate more of my situation and or goals for a better understanding.

Thank you in advance,
Respectfully

[ivvyrii]

Can you use the policy like a checking acct

[ammonjensen]

What whole life insurance company do you recommend?

[seanyounk]

This is incredible. Thank you very much. Where are you located?

[l.nicolewilson]

Does it matter if the illustration doesn't end with premium until year 100? I notice you stopped premiums on the illustration.

[timeanddrive]

Is it just me or is the audio off sync from the video?

[alexmike]

Hi Chris, is there a whole life policy where the client’s beneficiary doesn’t lose the cash value savings when the client dies ?

[sotoa]

This video is hard to follow unless people first watch some other vids on this concept. I got lost till I noticed the headings on the spreadsheets. Good stuff though.
Need examples for ages higher than 35 yr old. How about 45 yr olds, 50, and 55 as examples.

[alexmike]

With whole life, when you die the insurance company KEEPS your Cash Value and when you have to use your cash value you have to BORROW IT and PAY INTEREST to the insurance company. How stupid can you be to save money a vehicle like this.
Plus the returns of 3%-4% SUCK, can even keep with inflation.

[jdhawk]

Instead of misleading viewers please show the guaranteed value instead of non-guaranteed. This industry is bent of having ppl believe hypothetical illustrations are guaranteed. Their funds are not going to grow to the illustrations value, because it's not real.