Today, I'm so excited to share with you probably one of my favorite hacks for creating wealth.
Anytime you can stack a couple of strategies on top of each other to make more money, you
hit a new level of velocity.
And today, we're doing that with life insurance.
Many people ask me this question, "Kris, should I invest in whole life insurance?
For my retirement?"
And to that, I would say yes.
But not for the reasons you're thinking about.
I invest in life insurance for entirely different reasons.
And today, I'm going to share with you life insurance not just an investment vehicle for
making money.
I'm going to share it with you as a vehicle for how you can magnify your business, your
real estate and make a heck of a lot more money.
So check it out.
Years ago, as I was getting rolling in my real estate, I started making a lot of excess
money.
And I kept thinking in myself, "I need to have a place where I can save this money up
as I'm preparing it to put it in my next investment to create even more residual income."
And I was talking with a brand new friend of mine who was deep in the insurance space.
And he said, "You know what, Kris?
There's a special type of bank account that exists.
And in this bank account, it doesn't pay you a half of percent like your normal bank.
It actually pays you 5%, sometimes 8%.
Sometimes more."
I said, "That's weird.
I've never heard of a bank that pays you 5%."
And he says, "Well, have you also heard of a bank that makes your money absolutely untouchable?"
I said, "What are you talking about?"
He said, "Yeah, this is a rare bank account.
The only kind that if someone were to sue you or if you get drag in to some kind of
litigation, that the money is literally iron-proof untouchable."
I said, "What is this?
Some kind of weird Swiss bank account?"
He said, "No, it's even better.
What if I told you that all the money that grew was entirely tax free?"
I said, "Okay, I don't know what you're talking about.
Whatever bank that is.
I need to get some.
Where do I sign up?
Who is this bank?
Can you give me their banking URL?"
And that's when he shared with me.
He said, "Actually Kris, it's a rare type of insurance that most insurance agents wont
even sell."
I said, "Why not?
And life insurance?"
He said, "Yeah."
You need to understand something my friend.
There's 2 types of life insurance.
The one that most of us heard about is what is called term insurance.
And this stuff is cheap especially when your young.
You can get a million-dollar policy for a few bucks a month.
And with term, they normally say, "Hey, this is a 20-year policy.
We'll lock it in right now.
Pay as $30 a month or $80 dollars a month or $200 a month or whatever it's going to
be.
And we're going to insure you for certain amount of money.
And if you die, the whoever you say gets that money, gets that money."
Now, this is what I call investing in your death.
I don't think it's a whole lot of fun.
I don't think it's a sexy conversation to talk about investing in your death.
But there's a different kind of insurance that is all about investing in your life.
You need to check this one out.
This is a rare type of whole life insurance.
Now, I want to be really clear.
If you're sitting there and life, "Well, I've heard of whole life, Oh, I know what that
is."
Shut up, school is back in session.
I want to give you an entirely different perspective than the one that you made and been raised
with because I'm sharing with you the kind of policy most people never have done before.
There's a type of whole life insurance policy where you can take excess money that you have
and you can put it in but not for death benefit.
Number 1, it will actually give you a death benefit.
If you die, it will actually create a benefit which by the way, it's fantastic because if
I kick a bucket today, my wife is getting a massive insurance check.
Not to big so that I'm still more viable alive than dead.
But number 2, this whole life insurance policy, it's like a bank.
And I don't want you to see whole life, I want you to think this is a bank.
And it pays out historically 5% plus.
Right now, your bank is paying you what?
Like nothing?
maybe if you put your money in a mutual fund, you're earning maybe 1 or 2 percent.
It's low and it's pathetic.
5% also doesn't gets me excited but as a placeholder?
Yeah, actually that feels smart.
That feels intelligent.
then number 3, check this one out.
Imagine a bank that not only give you death benefit, not only did this.
But is also was untouchable.
Currently today in the United States, this is unligitable money.
If someone wanted to take you to the cleaners for everything that you own and try to personally
attack you, there's one type of account on the planet that no one can get to.
And that is a person's whole life insurance policy.
Now, this is my favorite part.
I can take my money, they call it borrowing.
I can take my money out of my bank account.
Still have it produce this rate of return.
I can borrow it at roughly the cost of whatever the return is.
So the money is near free, if you will.
There's no payment associated with it.
And if there was, it would come off of my death benefit which if I have a million death
benefit, my policy goes down by $30 this month because I took money out of it.
That's practically nothing.
But what I can do is now I can take this money.
Guess what I can do with it?
That's right.
You know me as the real estate investor right?
I mean, I've done thousands of projects.
This is where I help people build their own financial freedom.
This is where I help people over a period of time figure out how to live life on their
terms and achieve their financial destiny.
Because I believe you and I, we can have it all.
This is a means to an end.
This is actually a very intelligent thing that you can pair up with business, you can
pair up with real estate.
And most insurance companies won't tell you about this.
And I'll share with you dirty little secret.
It's because the policy that I'm talking about, if you can put money in and then take right
back out, it means that the person that sold you the insurance isn't going to make a big
commission.
So, this is a rare type of policy that very few are set up to do and design to work well
with.
They just don't make a lot of money on this.
So, they don't actually tell us about it.
But my friends are wealthy and rich.
You want to know something cool, is they set up their own privatized banks.
Not FTIC insured for $250,000.
That puts a cap on that.
This stuff?
These banks that have been around for a long period of time, they give you all these benefits.
And here's the best part.
As I'm paying money in and then I borrow the money for my investing, eventually I'm going
to sell my real estate.
And when it comes back to me, I have a tax shelter where I can put it right back in here.
And guess what that money is going to be earning me?
It's going to be earning me 5% with this status right here.
And I'm telling you right now, this is some pretty specialized knowledge.
And I need you to understand that no matter how young you are, the time to be opening
and starting a policy like this is right now.
Rule number 1, if you seen it in my other videos is that, when you get out there and
you have a job and you have income coming in, the most important bill that you pay is
the one paid directly to you.
You got to pay yourself first.
You got to pay yourself before mortgage and cellphone and other bills and anything else
you got in your life.
Because if you're not paying yourself, then it means you're working just to pay bills
and support a lifestyle.
The reality is if you want to level up your lifestyle, if you want to take life to the
next limit, you're going to have to find a more intelligent approach to money.
So you pay yourself first.
This is where you store your money.
Not in the bank.
It saves up that builds up then boom!
It can go to supporting your business.
For me, it's almost always going back into real estate.
I've been using this stuff for over a decade.
And I'm telling you, it's one of the more sophisticated components of what it is I do.
Now, I do have a team of experts that I personally work with that design these policies for real
estate, for business and for your life.
If you want to get them personally, I highly recommend that you do.
What I want you to do is there's a link below in the description.
I want you to click it and have a conversation with them and say, "Hey, I'm a fan of Kris'.
Real estate is in my future.
I'm going to be doing it.
And he said that I need to set up a special kind of bank.
A bank that will give me all of these benefits that my bank won't give me so that I can get
on my road to being a successful entrepreneur."
You tell them I sent you.
They're going to take care of you.
I'm a big client of theirs.
Anyway friends, thank you so much for watching today's video.
I hope it was knowledgeable.
I'm going to make a few more videos on this because this is super powerful stuff in you
want to magnify your real estate, your business, your anything.
So links below in the description.
Also in the description, you'll find information for getting a copy of my book on how to make
your next million dollars in real estate starting from scratch, starting from nothing.
And make sure my friend, above all that your are a subscriber because every single day,
I'm committed to producing video like this that can give you information to better your
life.