Whole life insurance is very very bad to use to invest 🤦🏽‍♂️

May I know how a WHOLE LIFE CAN USED FOR INVESTMENT please?
Thank you so much

Hey…YOU guys KNOW what your talking about!!!

Don't forget to mention, that if a death benefit pays out while you have a loan against the cash value, the life insurance company will reduce the death benefit in order to cover the loan. If you have a $500,000 death benefit, and a $400,000 loan against that policy, the insurance company is only going to pay out $100,000 as a death benefit.

For that matter, I would tend to think that the load on a whole life insurance policy would make this strategy very costly and difficult to pull off without using an upfront single premium. Most aggregate Life insurance policies don't have cash value in excess of premiums paid until about your 12. If you're doing a lump sum premium payment into a whole life policy, that is a little different, but you still lose about 15% to 25% of the cash value up front on the load. I would tend to think a solo 401k would actually be a better vehicle for this type of strategy. Other than basic set up and maintenance fees for the solo 401k, there's typically no "load" and certainly not a load to the tune of 15% to 25% that you can see in a whole life insurance policy. A solo 401k, unlike an IRA, allows you to take a loan against the amount inside of the 401k, just like you're doing with the whole life insurance policies. Because you're taking a loan, just like with the whole life insurance policy, you do not pay taxes at that time. The only benefit with the whole life insurance policy versus the solo 401k, is when you die, even the reduced death benefit is still tax-free, whereas the beneficiary payout on the Solo 401k would not be tax-free. However, if you set up the solo 401k as a Roth, then it would be tax-free, but you would be paying taxes on that money today, sort of like you do with a whole life insurance policy.

I would urge you to look into equity index life insurance policies a bit more. You talk about having a guaranteed schedule with a permanent and predictable dividend paying life insurance policy, indexed life insurance policies do the same thing. They will have a guarantee, of say 3%, or they will pay you a growth rate equal to a percentage of what occurs in whatever bucket that the insurance company pegs the equity indexed life insurance policy too. So, if the underlying assets are relying on the s&p 500, and the s&p 500 goes up 20%, but your equity index life insurance policy has a cap of 7%, you get 7%. If the s&p 500 only goes up 5%, you get 5%. However, if the s&p 500 goes down, you get 3% or whatever the contractual minimum is. Likewise, the cash value locks in after each snapshot. So if the cash value locks every 12 months, whatever it is on that date, it cannot go down. So if you place $100,000 in an equity indexed life insurance policy, and the stock market goes down, you get 3%. Then next year, you start at $103,000. Then the investment basket goes up by 10%, you get your cap, say 7%. Now, you're at $110,210. That amount is locked, and can never go down. If the investment basket goes down, you still get 3%, or whatever the contractual minimum is, but you never go below that $110,210. Over the lifetime of a policy, this results in closer to a 5%, maybe closer to a 5.5% growth rate, instead of the 3% to 4% that whole life has been paying over the last two decades.

I’m behind on the lesson because I’m lost

When do you get to use the cash value with them paying you guaranteed interest ? Without 5 to 7% interest charged plus cost of Insurance for free ? NEVER NEVER NEVER. It's a total fraud it never equals a totally free banking system !!! Millionaire's & Billionaires don't buy a whole life NEVER NEVER NEVER if they have expert advisers !!! You 2 continue to kick a dead horse yet fail to realize 788 Billionaires & 20.27 Millionaires don't own junk whole life insurance policies NOT NEVER !!!

Such a semantic based topic requires etymology…

investment (n.)
1590s, "act of putting on vestments" (a sense now found in investiture); later "act of being invested with an office, right, endowment, etc." (1640s); and "surrounding and besieging" of a military target (1811); from invest + -ment.

Commercial sense of "an investing of money or capital" is from 1610s, originally in reference to the East India Company; general use is from 1740 in the sense of "conversion of money to property in hopes of profit," and by 1837 in the sense "amount of money invested." For evolution of the commercial senses, see invest.

Hello Darius and Carmen. I must say that I started watching one of your videos and I have become obsessed with the information you share. It is clear, informative, relevant and effective. I can definitely understand the dynamics of what you are saying. This is certainly new information for me but it is great stuff! I immediately subscribed and signed up on your website! Keep of the awesome work! You guys are on the same track that I am trying to get on with my family! Learning more about money, investing, personal business and watching your capital and legacy grow. Awesome! Awesome! Awesome! And your story is so familiar to the black community.

Whole life insurance policy has to mature first right ?

Have you seen Dan Thompson, wise money tools? He has a strategy to use the whole life to invest in whole life policies….. we were getting ready to make this move into his strategy…… would love to know if you’ve ever heard his take on this topic….?

I need a consultation, my family and I are shopping for a life insurance plan. The application link is booting me out.

For the life of me I can't figure out why Black people are mainly targeted, influenced and encouraged to get this type of life insurance…& more than likely UNDER INSURED at that! Smh, Other communities pass on generational wealth with the proper Term Life insurance. Life insurance is life insurance. Investments should totally be seperate.

There's a risk that many people have taken with this, and their families have suffered in the end when Paw-Paw & Big Mama… Inserts: $5 Car wash & $10 Fish Fry signs People "borrow" on their whole life insurance, and never pay it back… forget about it…Why are you borrowing from "your own money"?
Come time for the benefit payout, the whole life insurance company takes what is owed to them 1st-OFF TOP! In most cases they deal directly with the funeral home, that gets PAID IN FULL OFF TOP ✅ & the family is left with crumbs…Why do we keep signing up for this type of struggle. It doesn't make sense & it's so antiquated. Buy Term & Invest the difference, once you see what you WILL save. & Be Wise & get it WHILE YOU'RE YOUNG, the sooner the better.

Exactly. Many people, especially certain segments of the Black and Brown community, have no idea what "financial freedom" looks like. All they know is payday loans, check cashing stores and putting their money into banks that charge outrageous fees. The language and strategies of finances was never talked about in their families.

..Starting early is the best way of getting ahead to build wealth, investing remains a priority;. The Crypto market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works. Trading went smooth for me as I was able to raise over 9.2 BTC when I started at 1.5 BTC in just a few weeks implementing trades with signals and insights from Edward Huáng, I would advise y'all to trade your asset rather than to hold;. for a future you aren't sure about or hold it and risk losing all. you can connect Edward Huáng's on Te-leg-ram 👉@Edw234

Great video and super informative as well. For those who you mentioned things could be confusing, what do you offer to assist them with gaining the required thorough knowledge and understanding to utilize this specific means of financial literacy for wealth creation and building ?

Hello I like that how can I get the personal loan and what kind of insurance do you have?

How many policies can I have

Hello beautiful people! Great advice👍