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I will need to make this same pension decision in a few years. This video gives me a lot to think about.

Buffet is stuffing cash to put him in a position in the future to take advantage of buying after a crash...prophetic as usual if we just watch and take note.

This was an amazing explanation. Thank you so much. You break it down so the non experienced agent understands the whys. Great graphs and comparisons.

Love the Peso…congratulations Harry and crew

Can you do a video on how the fees work on this policy? Thanks!

I heard this from another agent, but does HCV LI increase in value monthly? If so, how so? I thought the dividend hits at the end of the anniversary date. Also, the premium finance could work when done with anticipated windfalls.

No 10, you need a special policy designed for ibc. Not true, i have a "off the shelf " WL100 from massmutual and i can do all this stuff...

Is this a pyramid plan?

Hi there, Are first year premium dump-ins the same as a front loaded policy? Thanks.

Good timing

I follow Marvin Mitchell and yes his investment was risky, but the remainder of the story shows how he mitigated risk.

Tbis literally doesnt explain anything unless u speak finance speak

cool

Any valuable asset is going to be "expensive". Price means nothing in the absence of value - people who say something is "expensive", or worse yet, a "rip-off", are simply saying they won't take the time to actually evaluate the asset in question. It turns out that some of the most expensive and poor quality products are offered at low prices or for "free". Ever heard of a "free" bank account? How about all those "free" government services? As you point out, rich people don't think this way. They have the ability to measure value accurately, which means they're not afraid to spend large amounts of money where it results in large amounts of value.

No they don't

Infinite banking is just a ploy to get you to buy whole life insurance and generate thousands in commissions and fees. The concept is very simple in that YOU create and fund an account that you can borrow money from and pretend that it is your "bank." There is an alternative secret strategy that allows you to truly take control of every aspect of the banking process. You can control how the capital is invested, how much to take as a "loan" (even up to 100%), how to repay the loans (even never), and how much interest to pay on loans (even 0%). The secret that your parents (much less whole life insurance salesmen) never told you is that instead of paying dearly to the insurance company to create the capital you use (a cash value) you can fund your own savings or investment account and use that as your capital. Here is how and why I can practice infinite banking with my own savings account at a high yield online bank: My bank (Ally) did not need a salesman to sell me my account. My bank, where I "store" my cash, does not charge any commissions. I "broke even" on day one, not year 7. My bank does not convert my cash into a "cash value." My bank account has no MEC limits. My money in the bank is safe and FDIC insured. My bank has no fees to sap the effective interest rate - currently 4.35%. At my bank, if I want some of my money I just request it and they give it to me. If they send me money from my account, there is no need to pay it back to my account, but I can if I want to - at 0% interest. At my bank, if I pay myself back at the same rate I would pay back a policy loan, I come out ahead in cash compared to a cash value with "uninterrupted compounding growth." That's because the interest portion goes into my account instead of to the insurance company, and due to compounding growth, which is not a unique feature of cash values. If I don't pay back a loan to myself, there are no compounding interest charges against my account. At my bank, if I want to close my account, they give me 100% of my funds with no surrender fee. (About 80% of whole life policy holders end up surrendering their policies early.) At my bank, I earn taxable interest. That is because my account experiences real growth of money I can readily spend, and I am able to pull out more than I put in. (The same could apply to cash value "infinite banks," but you're unlikely to ever pull out more than you put in.) At my bank, if I want an actual bank loan, I don't have to self fund it first or wait years to build up a sufficient cash value. At my bank, loans are tax-free. (ALL loans everywhere are tax free!) At my bank, if I take out a loan, the maximum amount is not tied to some percentage of my savings account. At my bank, if I get a loan, my savings account continues to earn interest unaffected by the loan. (WOW! Just like with a policy loan.) At my bank, if I die, the bank does not keep the funds in my account. My designated primary or secondary beneficiaries get ALL of it. My bank does not provide a death benefit. (OMG!) At my stage in life, I don't want or need one any longer, and they don't make me pay for it either. When I did need life insurance, I had a term policy.

The time it would take the average person build up the cash value to the point where they could buy a house with it makes this idea completely unrealistic.

Invest in yourself. Cliche garbage anybody can say

You would be better off putting it in a savings account.

Pride is a Muthafucka! You fight through that shit.

A couple of years ago one of insurance companies you said was one the best was Pacific Life for IUL. What has changed since then?

Can IUL be designed where its front loading (90/10, 80202 or 75/25) where you can opt to put. Lee on the cash value over the death benefit like you can in whole Life? I have IUL where I put in $500/months but have never get access to cash value until the 3rd year compared to my Whole Life (75/25) that I pay $450/mo and are end of my first year I got $1,200 cash value .also with IUL the premium goes up after the term experience and you renew it when your older .with Whole Life your premium stays the same

Hutch - I'd be really interested to see you have a conversation with Chris Kirkpatrick on this subject, and I know he'd be up for it. Would you allow me to facilitate a discussion?

Too risky. I'd never put anyone into a universal life product using the IBC. It places too much risk away from the company and on the clients. Any client financially responsible enough to monitor and manage an IUL could find better performance managing an investment portfolio.

You’re talking to a very small audience. Only an accountant could understand anything that you say. I’m not an accountant.

Do you help Canadian doing business in US

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that really was a bunch of nothing said

Very helpful overview! What about using property as a type of bank? Using helocs to borrow against the growing equity.

I bought a Variable Whole Life policy with investment options for my daughter when she was 8 years old. The premium is $228 per year and the DB started out at $25K. Now 40 years later the DB is over $90,000 and the cash value is $34K. I am the owner and beneficiary for now and will sign it over at a later date. The earlier you start with LI the better and premiums are low. She works but doesn’t have any group coverage.

Promo_SM 😂

coz Harbaugh,put a massive lump sum to that life insurance, that’s different when you put that into practice with middle income people tho, that’s why millionaires put into a large lump sum into like a whole life for tax purposes coz u can put large lump sum and take that off your taxable income.

Thanks as always for the great content Hutch! I attended your 4-D banking webinar. One of the interesting things about whole life that doesn't get talked about enough is, as you point out: how it makes your other assets better, especially in retirement. Having a whole life policy allows you to make much more efficient use of the other assets you have. When you look at whole life in isolation (as many do), it's hard to grasp the full power of this amazing asset.

Great video..I agree with what you said in this video..Upto this point most of the people I listened to on youtube are either in the WL camp or IUL camp but I see that you believe both have their place in our overall financial foundation..I subscribe to this thought too..My goal is to have 4 max funded IUL’s (100k funding for each of them) and 4 WL policies(100k funding for each of them and a funding period of 5-6 years for each of them)..this will ensure I have 400k in IuL and 400k in WL policies..I currently have 2 IUl’s with Allianz and 1 WL with Guardian..before the end of this year I will signup for Mass Mutual and Penn Mutual ..Next year I will sign up for Lafayette life..This year I also might sign up for Securian and National Life for Iul..can I ask you which comapnies do you have your Iul and WL policies with or which companies do you like since you’ve been by in the insurance space for a long time..I only started buying policies since 2021

Hutch - are you aware there is a company working on a credit card solution that would allow you to spend directly from your cash value? I've spoken with the founder of the company and would be happy to make an introduction for you. I think you'd be very interested. Let me know if you want to talk further.

Hutch - thanks again for more awesome content! I'd be interested to hear you go into more details on what we mean by "positive arbitrage" in the context of IBC (which you may already be planning to do in your 4-D webinar). I tried to go to the link indicated for the 10/90 policy study but it appears to be dead. Can you check on that? Your article on direct vs. non-direct recognition is phenomenal - every time I hear that objection, I simply point clients to your article and it clears up the confusion. As you point out, currently direct recognition companies actually INCREASE the dividend on loaned balances currently, so how is that a bad thing?

Check out Hutch's whole video discussing the Top 9 IBC Lies @ bankingtruths.com/lies

Understand the How & Why of the Infinite Banking Concept @ bankingtruths.com/ibc-concept/

So what happens to this contract now that he is no longer employed by the Regents of the University?

How many life insurance policies could one person own ?

Great video. Can I get a copy of that contract?

Great content as always Hutch. I've learned a lot about how to properly structure a whole life policy from watching your videos. I'm glad that you're comparing whole life to a SAVINGS account and NOT an investment.