Sharing an Infinite Banking Case Study with 250 Financial Professionals
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- čas přidán 25. 08. 2024
- James C. Neathery speaks at the Infinite Banking Institute's annual Think Tank in 2013 -- sharing with 250 financial professionals from the US and Canada.
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Disclaimer:
All content on this site is for informational purposes only. The content shared is not intended to be a substitute for consultation with the appropriate professional. Opinions expressed herein are solely those of James C. Neathery & Associates, Inc., unless otherwise specifically cited. The data that is presented is believed to be from reliable sources and no representations are made by James C. Neathery & Associates, Inc. as to another party's informational accuracy or completeness. All information or ideas provided should be discussed in detail with your Adviser, Financial Planner, Tax Consultant, Attorney, Investment Adviser or the appropriate professional prior to taking any action.
Nice job.
So would you recommend for retirement planning to do Roth IRA & Life Insurance?
Hello Mr CQP. Thanks for the question. We only give recommendations to clients. That said, tax free is a beautiful thing.
James Neathery could you do video on scenarios like what ideas you do for ppl looking to retire..
James Neathery you mentioned moving to the right so that’s why I ask... What would be best route ie Roth IRA then pull that money to continue funding policy up until death.. I wish I had opportunity to see and learn from Nelson. He basically mentioning we work until late age so why stop paying policy if you can continue funding it until retirement from JOB and still can fund through Roth so you keep CV & DB growing to leave it for your heirs.. I’m on deep level and would love to talk more, I am in NY maybe i Can treat you to lunch sometime
Love this guy and IBC but because market performance since 13 was tremendous, heck in 13 market did 30%.. the IULS i'm looking at from 2009 actually did outperform equities, costs stayed controlled, some caps increased some decreased, but they've done around 9%. And this is from folks age 55-65
Im a student of history and Austrian economics, im a believer in PS WL and it also seems if PS IUL performs excellent in the last 10 years it can really make it through anything- and yes options have risen but not prohibitively.
James i want to ensure im making the right recommendations... in what scenarios will these blow up- aside from improperly using variable loan structure
@@jms415 I have plenty in force. I've seen many. I've got clients who bought 15 years ago, in their 80's, and yes the cost goes up nominally not "through the roof" They are very much performing as intended. I use whole life, it has its fit. Understand that the current charges in IULS have been stable at a time when interest rates were zero. A properly structured IUL will destroy a whole life in terms of income. You think NLG wil for some reason double their insurance costs and it won't affect the whole life contracts? If an A rated insurance company has to double or charge the max for insurance- then we have a systemic problem that will affect everything
@@jms415 For everybody to read...I just pulled a clients'. Here are the numbers, National Life Group/LSW FlexLife2, age 83 cost of insurance= $6,438, total policy expenses= $6,510. Cash Surrender Value= $2,521,000. Death Benefit= $2,647,050. You do the math on that cost of insurance. I don't have to tell you, even at standard loan, what kind of tax-free income that thing kicks off. IUL's work. Don't have cognitive dissonance. If you're a fiduciary you really can't rule them out as supplemental** income source.
matt S with a properly structured IUL the COI at those ages is so minimal compared to amount of CV. There should be no surprises if you are running an in force illustration every year. If it’s not performing as expected you should modify it.
I live in NYC and would like to know if there is infinite bank concept coach that can guide me with this concept.
Irma, look in the notes. Thanks for listening.
I'm from Milwaukee Wisconsin and I am interested in this. Let's connect.
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