Welcome back to our partnering series. My name is Kris Krohn and today we're going
to be talking about the benefits of life insurance and how it goes hand-in-hand
with real estate investing.
Now, you might be caught off guard for a moment saying, "Kris, we're talking about
partnering in real estate. We're talking about in this series about how do i buy
real estate using someone else's money." Or maybe you're watching this because
you're the partner with money and you want to know how's the sequence going to go
with me. "Kris, you're the expert. I want to be hands-off, I want you to do the
work." Whenever I'm dealing with one of my
funding partners, I want them to understand the benefits of life
insurance. Because in my life, in real estate is where I am putting the
majority of my money. But when my money is not sitting in real estate, there's
somewhere else where I have my money sitting because I want to keep it safe.
And I want you to understand this because there's a benefit to you having
a placeholder or a bucket where you can keep money while you're waiting to
deploy it in real estate. It's also important to have a bucket that you can
pour your money back in that is providing a powerful tax shelter. Now, as
I share this, I want you to first of all just understand the benefits of what
we're talking about and then I'm going to explain what it is. I don't know about
you but when my money is sitting on the bank account, the banks are basically
playing me squat. I'm getting a quarter of a percent, a tenth of a percent.
Nothing worth mentioning. I also don't want my money sitting in a CD because a
certificate of deposit basically says, "There's only one time of year when you
have like a one or a two week window to access your money and otherwise, guess
what? You'll actually forfeit all of your 1% interest for the year." So, I need a
different holding tank. I need a better vehicle and what I use is a vehicle that
on average pays me a dividend of 6%. I'm not going to get rich but guess what if
my money is just sitting and holding tight or if it's my emergency fund money
or if it's my don't touch for a rainy day money, that's 6%, hey, I'll take that.
That's actually significant. The second thing that I want to share with you is
that your money becomes untouchable. Meaning a litigator Bowl, no one can
actually ever get to it as in like the US Supreme Court has never been able nor
a government to actually access money out of this very special kind of account.
And the third benefit is that this provides a really important tax shelter.
In the game of real estate, you're going to have moments where you make a lot of
money. When you get that money, you're going to pay your capital gains and you're
wondering where do I put this money where it can sit in the meantime where I
can actually develop future tax benefit and all three of these things are
possible with what is called whole life... It's a whole life insurance policy but
it's a special kind. It's not something your insurance agent will probably ever
tell you about. They don't get paid a whole lot to tell you about it. It's an
insurance policy where you're not interested in the death benefit, you're
going after the living benefit. In other words, these are benefits that you get in
life. Now term and other life insurance when you get insured, you're basically
throwing it money at something and then at some point if you die, your family's
going to get a benefit. Here, you're putting money in and this is a special
policy where you can pull money out. It's as if your life insurance policy turns
into a special kind of bank. And a special type of bank account and one
that you can access relatively easily while giving you some pretty important
benefits. Basically every month, I dump a big chunk of change into a special bank
account and it's actually a life insurance policy. And this life insurance
policy says that the money that's parked there in the meantime gives me an
average dividend is 6%. It's untouchable. No one can access it.
And it's providing a very important tax shelter. Now listen, if you ever feel like
you're paying too much in taxes anyway, then guess what? Real estate is
definitely one of the best vehicles and places where you can park your money. So
I'm sharing this with you because this is what I'm doing and I'm teaching you
how to do exactly what I'm doing and you're going to say, "Kris, we're partnered
up, we're doing real estate together or if you're helping someone else partner."
You're both going to develop profits and benefits of being in real estate
together. And they're going to want to know when you take your dividends, when you
take your profits, what are you doing with your money?
And I'm sharing with you that until I figure out what I'm going to do, I keep
it here. My rainy day account, I keep it here. My sleep well at night account, I
keep it here. Basically when it comes to my family safety or my emergency fund or
money that I am parking that I want to tax shelter on while I'm waiting to
deploy into my next investment, I want a smart intelligent place to keep it. And
for me, that is this very, very, specific designed life insurance policy. If you're
watching this video and you're considering being the funding partner
and actually putting up the capital in a partnership with me or somebody else and
you're thinking, "This sounds smart and this is what wealthy people are doing
that I don't know about? I need to learn about this." What I want you to do is
click the link below and when you actually talk to a member
of my team. Let them know that you're interested in the insurance policy and
when you actually join the program, I'll actually set you up with a team of
experts that I leverage and use that are third-party to me. And they'll actually
help you set up all of these different policies and get you set up in the most
financial intelligent way possible. When you got money and you're looking to
deploy in real estate, you're obviously going to be asking yourself, how do I
actually shell through my money? How do I get the max tax benefits? How do I grow
it while it's just sitting tight? How do I make it in touchable? And we'll share
that with you as a member of our team when you get started. Click the link
below, learn more.