https://www.youtube .com/watch?v=JFl4Sz8f2i4
How do millionaires build wealth using life insurance? In this video, I’ll show you the three marbles of wealth-building under a tax-free umbrella so you can also build wealth using life insurance. To your abundance! Doug Andrew Key Moments In This Episode ======================== 00:00 Intro & Summary 00:34 The secret 03:14 Key elements 06:27 Three marbles 11:09 Tax free cash cow 14:38 Connect the dots 17:11 FREE Copy What To Watch Next ======================== How Safe Are Insurance Companies To Put Money Into? Did you love this video? Want to learn more wealth and life empowerment lessons from Doug? Here are some next steps! ======================== How to Diversify and Create the Foundation for a Tax-Free Retirement https://laserfund.com/ How to Lead Your Family/Business from “ME” to “WE” https://entitlementabolitionbook.com/ Visit Doug Andrew’s website:
Douglas AndrewMusic ======================== Song: LiQWYD – Glow (Vlog No Copyright Music) Music provided by Vlog No Copyright Music Video Link: https://youtu.be/LrHW88Yc4CU ======================== Video by Nate Woodbury BeTheHeroStudios.com http://YouTube.com/c/NateWoodbury #DougAndrew #3DimensionalWealth #AbundantLiving
One would think that these dividends IULs pay out would be considered a distribution of profits and that the policyholder would have to pay taxes on these dividends.
However, since they are tied to a Whole Life insurance policy, these dividends are technically considered to be a refund of overpaid premiums by the mutual insurance company and that’s why they are tax free. It’s your money.
Great video. Glad you explain things in a few ways
Thanks for tuning in!
Thanks
Are you saying I can borrow money against the insurance policy payout, or borrow money I place in there? I need $150k for a project and I don’t have $150k… if I have a policy with a benefit for my beneficiary of $500k, can I borrow against the $500k, leaving a payout of $350k to my beneficiary?
sadly no
It would depend on how much cash value you have. In the case of a policy with $500,000 death benefit, depending on how old the policy is, you can access a bit of it. For example, this case study shows a death benefit of $550,000 with about $298,000 liquid and available.
https://youtu.be/dyYbAJ3KVrQ
So to answer your question, the answer is yes. You can access cash value from a policy, but it must be structured correctly.
Blew my mind. Had to watch the video twice. This is almost too good to be true.
that’s because it is
you may want to read an article by The White Coat Investor called “Debunking the Myths of Whole Life Insurance” (would post the link, but i can’t)
@Blake Pokley I will look for it and watch it. Thank you!
What is the best companies to acquire these policies?
You’ll want to work with a specialist who really understands how the policies need to be structured. You can setup a time to speak to an IUL Specialist we work with here: http://www.3dimensionalwealth.com/getstarted
How is a promise to return money able to collect interest. And at what point of deposit into the policy, does it kick over into an interest collecting on the FULL policy. Does this start upon immediate activation of the policy? Is this working like, whatever you’ve put in you can take back out and they will still pay you interest even though it’s not there??
Hey, you are an amazing person!! Thanks for the information 😌
I believed everything this guy was saying as looking to invest myself. He runs a company called Live Abundant. On the Better Bureau Business there are 5 reviews for the company and all claim he scams his clients. I know some of what he says is true, just be careful and do some extra research.
Wow, great insight there. i will be your student .You have really inspired me sir.
Great! Grateful to have you with us!
Wow!
Great info
Thanks
You’re full of energy
What indexed LI policies gained 25% ??? What IUL policy has a cap like that?
Thank you for the very simple explanation. Thanks!
You are welcome!
bravo