Whole Life Cash Value: How Does it Work? | IBC Global
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- Äas pĆidĂĄn 12. 09. 2024
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All advice and/or opinions expressed in our videos are the result of our experience in the insurance and financial industries. Any action taken based on the information expressed in our videos is the sole responsibility of the viewer. All content produced by Steve Parisi and IBC Global Inc is made for informational purposes only.
#Finance #WholeLife #Insurance
Thank you for this knowledge! This is a much better alternative than a traditional 401k
The best explanation of whole life insurance that I have seen.
You are wonderful. I listen the video 2
3 times. I thank you very much. So much knowledge đ
Thank you! :)
Steve when you explain "liquid" can you please start telling potential clients ..how long it actually takes to receive loan/transfer ?..i know you have vids on every aspect but just how you repeat a lot of this strategy over and over..i think the advantage consumer wants to know is upfront out of pocket cost plus actual annual returns ..of course upfront cost varies based on policy,but would like to see more illustrations on out of pocket cost ..if i want the "ability" to put in 10k/year whats my upfront cost to get a policy started?..so many vids on how it works but not enough of cost out of pocket for policies..consumers want numbers out the gate in my opinion
I am totally agree
Thanks for the comment and several points. We have several private videos that are available to our clients on these topics. We can create some updated public videos that provide more information on the points you mention.
The detailed videos on companies/products we have are private in an effort to remain compliant.
@@IBCGlobalInc oh wow..so you cant do an illustration with what a regular working man would pay out of pocket upfront?..like,how much would it cost upfront for the ability to put in 100k/year? ..which means my premium is 10k/year correct?..how much would that cost to start a policy?..sucks if you cant have those convos due to compliancy
@@REBELLIOUS513 We can, but company specific questions are typically not made public (wish we could easily share it). I've included two videos that may be helpful.
- czcams.com/video/816ujVexKxo/video.html
- czcams.com/video/42l8Kzm1gmg/video.html
If people don't know who Kenny Bania is, that's Ann ignorance issue, not an age issue.
Now if you ask if they saw Seinfeld when it first came on the air that's a different issue.
Hahahahahahah FINALLY someone mentioned Bania!
When you say, in your last example, to withdraw 100k, are you speaking about 100k worth of premium paid into the policy or this is extra money paid into the policy on top of the premium?
If taking withdrawals, we would only want to withdraw our cost basis (not the gains). In this case, it would be the 100k of premium/pua payment we've made.
I want to work with you! I have my insurance linces in Mississippi
Hi Ramon. Thank you for the comment. We offer ILS Agent Academy to licensed life insurance agents. This is specifically geared toward agents looking to expand into the life insurance industry and focus on high cash value life insurance.
- www.ilstrainingacademy.com/home