Alright. You have begged for it. Whole life insurance versus indexed universal
life. I get it. You know what? It wasn't until it enough you emerged came forward
and said, "I want to know what you preferred Kris." That I said, "You know what? Let's
shoot a video on it." For some years are like, "What is this? What are these letters?
What do they even mean?" Ultimately, we're talking about a massive debate in the
world of insurance. You know me, I'm a real estate guy, right? So, I funneled my
money through insurance and then I dumped it real estate. Some people say,
"You should funnel into this vehicle called whole life insurance." And some
people say, "You should funnel into index to universal life." Listen, if you don't
know what I'm talking about, you got to watch the video stay to the end. I'm
about to duke it out with my buddy because I do not agree with him.
Okay. What's up Rob Gil. I wish we could say that we are good as friends.
But the reality is.. Dude, I don't get it, right? I mean I know they're both valid
products. But whole life insurance. I've been using it for over 10 years. I put my
money in. -Yes. -And then I take it out and I dump it in real estate and I pick up
multiple benefits. -Yes. -But dude, this index universal life stuff is tied to the
stock market. So.. Yeah, can go up higher but dude it can take it go down. You can lose
money. -Well you can be broken even. You could cap the floor at zero. -Dude who
wants to be broken even? I got my money as eroding right now at the rate of
inflation. -Yeah. So for us, when it comes to the IUL compliment... -Are you
saying us to feel like there's many people on your side when it just looks
like it's me? -Yeah. These guys stand with me. -I'm just so... So, all you good folks out
there. So, with the IUL, if you complement it with whole life in certain situations
based on your financial support... -Does it mean you're retreating into my camp right now and you're
actually walking on index because you're going to pair it up? -Well what
I like to do is be able to show all the good folks out there as they begin to
step into a different space of greatness. -Right, right. -And this is a conversation
we might absolutely why the lives but being able to use the IUL in times to
complement your whole life of the markets going up 15, 20, 30
percent, why not be able to grab 8 or 9 percent on the policy... -Yeah, but what
happens.. What happens when the market goes down? -It's a good question. -No, answer it.
-Good question. -Answer it. -Usually depends on the carrier. -Come on dude, lay it out.
Don't pussyfoot. -So, if the market is down 5, 10 or 20 percent, you'll be down maybe one
percent or you can block it at 0%. -You can put it down to 1% or 0%.
-So, listen. You got to ask yourself, right? Like, I'm just going to tell
you where I'm at. I don't really believe in investing in insurance. I just
want the benefit of it to help support my other investments. -Okay. -So, when you do
an IUL, you're basically saying, "Actually I'm investing in the stock market.
Actually, I want higher... Like for me, insurance is an investment." I'm like,
"Alright. I get that." For some of you might actually be. But dude, there's some
downside. Don't you want the steady-Eddie?" -Kris, you are confused brother. Let me
just tell you that right now. Because at the end of the day, when it comes to
premium finance strategies and you use your indexed universal life with whole
life, instead of doing just stay planning where you put your life
insurance into a trust, you can now create a tax-free distribution strategy
on your exit from age 60 to 80, 70 or 90 by complementing the IUL with the whole
life. -Explain that to me. That's new to me. -Yes. So... We'll we do some premium
finance strategies. You have to have a certain level of net worth. But in that
space, the bank pays the premium. -Okay. -Right? And the insured pays the interest
on the loan from the bank. -You're kidding me. -Yeah, 100%. -Hmm. -Right? If you do that
over time, after maybe 12, 13, 14 years, it depends on the product. Depends on how
you structure. You have to pay through your cash value. The the bank back the
loan. -He's fighting dirty right now. I thought I knew everything about this.
Right now I'm actually like... I think I need to learn a few more things. That's
kind of cool. I didn't know that. -Yeah. -Just in general though, the idea of
having an IUL go back to zero or one percent. -Yes. -And it's like... I think people
have to ask himself, "What am i investing in? Do I want my... Am I counting on what
I'm gaining from the insurance company? Or is this facilitating my investment or
is it some of both?" I mean for me, I just look at everything all the dividends I
get on my whole life as a benefit because really I don't care as long as
it's facilitating my investments. -Remember, you still get a guarantee in
the IUL. Right? So, there is a guarantee there
except you could tap in on the upside of the market and add the protection on the
downside. So, in the end, when you can pair the both... -Brings it back to zero
and one? -Yeah. But you're in that scenario, you would assume that the markets down
10 years in a row and it doesn't work, right? But if you have a market that goes
up and down but it's always trending up and you have a long term view point,
nothing is short-term. In that space, you can take advantage of the up market. Now,
what I will say is I'm whole life, I love whole life first and foremost. But as a
compliment with an IUL, there's a lot of value in there. So, I just signed a
freaking huge double-digit policy on whole life.
Should I be adding some indexed universal life? -The next policy we're
going to have to bank pay for it. Kris Krohn will have an IUL policy inside...
-No, no. If I do that would mean I'm eating a lot of crow.
And pride will keep that from happening. But the bank's paying my premium? -Yes. -What
do you mean by that? -Oh.
You going to eat the crow? -Yeah.. No! No! I'm not eating the crow. I'm curious.
I'm just curious right now. So, what the bank will do is... You know, let's say
it goes from your average... Let's say your premium is 100,000. -Okay. -Just
throw that number out there. And now, all of a sudden, we're going to buy a death
benefit. That's 50 million. -Okay. -Because you're that person that's accelerating.
-Okay. -Somebody like you. So now, all of a sudden, the premium to maintain that kind
of coverage is 500,000. -Okay. -But you're building... You know, you're
building everything that... You build them so you want to dump your money back into
your business but you want the proper coverage. -Yes.
-So, what'll happen is the cash value is collateral to the bank. The bank
pays the premium and they'll do that for 12 years. So now, you have the
big-ticket item life insurance which gives you the ability to buy all those
different bills. -Yeah. -Did not know that. Dang! You're smart. You're too smart for
your own good. Friends, today we're talking about the difference between...
-I think we just got another policy out of it. -I think you did. The last was costing me like an arm and a leg but I
won't put it back in real estate. So, it's all good. -But now this little disclosure
interest payments. -Okay. -Yeah. -Alright. So, listen. I don't know if you're any
clearer right now. I'm feeling like I need to go back and retract some
statements and I think through a couple other things. -My only concern is when he
comes back to me, he's going to come back with bullet points and we're going to have
to take this to the next step. -Probably. Listen, I'll tell you this... I
mean, Rob and his team, they clearly know what they're talking about. They're
incredibly experienced. Took me a decade to find this team to actually run and
own and build and operate all my insurance needs for my company. And now,
doing it for a lot of other people as well. So listen, if you're looking for
saying... "Wait." For some of you, you're super savvy and you got what we just
said. Some of you went a little over your head. But here's the bottom line. Bottom
line is when you're going to save money and then put it into an investment or an
alternative investment, you always have an option of directing
it first through insurance. Whether it's an IUL or if it's whole. And
when that happens, you pick up more benefits. We're arguing about which and
how many benefits you want to get and what's the best way to maximize the
Bennie's. And if you want to know, it's ultimately going to be customized
to you personally. So, if you don't know what that looks like for you, there's a
link below, reach out to Robin and his team. They'll actually do free consultation.
Actually work up a bunch of options and actually
demonstrate what an IUL would look like. What a whole life policy would look like
and ultimately what it looks like to funnel that and leverage that as a
vehicle to enhance your alternate investments, real estate, anything else
like that. -Can I create one little creative distinction? -Yeah. So for all the
good folks out there, an IUL is not a variable life insurance policy
which variables actually that is invested in the stock market. It doesn't
have any protection from the downside and there is no guarantee. This is not a
variable. -Yeah. -This is an IUL. -Now, you have key distinction on that as well.
Friends, thank you so much for watching. Rob, dude. Thank you for being here.
Thank you for duking it out. -You just broke a bunch of bricks
yesterday. -Yes, -Wood. -Yes. So, listen. If you're not a subscriber, fix that right
now. I'm going to march over your freaking house and we're going to... *Haya!*
Make sure that you smash the like button. That tells YouTube that this is
worthy of sharing. Do that. And otherwise we will catch you on tomorrow's video.
Get with Rob and his team. Get financially savvy. We're one phone call
away. Make it happen.