How To Use Whole Life Insurance To GET RICH (Become Your Own Bank) | Wealth Nation

38 Comments

1. 🧮 Want to see your numbers first? Find your protection gap with our free calculator: https://wealthnation.io/calc/kO5UZ4KJVpQ

2. Thanks!

3. You make it seem so hard to get money from the bank, and so easy from insurance companies? From my experience (and probably most people), it’s the exact opposite! Getting money from bank is easy! But getting money from insurance companies is definitely not! How can someone feel confident about this transition in mindset.

4. Could I get the name of a good insurance company

5. You will never get rich with life insurance , period.

6. why don't you just buy a cheaper term insurance and invest the difference????

7. I think it's funny how the only people that say that a Whole Life policy is good are people that sell it. Every other financial fiduciary laughs at it and say to never get it, because it truly is the worst way to "invest" your money. Buy Term Life, for 30 years MAX, and invest the rest.

8. How long do you have to wait to borrow a loan?

9. Hey guys I’m 59 in decent health , does this make sense for me ?

10. Seems like you can only do this with your whole life insurance policy in USA. I'm in the UK and tried this and seems like i can't

11. how do i find a broker that knows about this ?

12. Just seeing this here in September 2025! Thanks for this informational video.

13. How can I put whole life on my kids

14. Great presentation. Gained a lot of valuable knowledge.

15. Put 25% of your household income into your Whole Life Policy… and Max out your IRA & 401k and then, when you're about to retire, check with your CPA, to ensure you're able to roll them over into a Lump Sum Whole Life Policy with S.L.I.R.P. = Supplemental Life Insurance Retirement Plan. It will allow you to avoid paying taxes on a lot of it if you set up a Family/Business Trust with L.L.C.s … then, you'll be able to receive up to 20 years of Tax-Free Payouts and with all of these maxed out and set up properly, you'll have the best retirement possible. Granted that you're drinking well water that is revitalized, growing your own NON-GMO, Organic seasonal veggies(and fruits), completely avoiding seed oils, cooking in Iron Skillets, and avoiding anything in plastic or that is at all processed, and you're getting daily fun exercise some kind of sports, with stretching and Qigong, and breathing exercises and getting in over 10,000 steps throughout the ENTIRE DAY, DAILY, EVERY DAY!!! Seriously… also, do daily grounding(earthing), sunning(over an hour a day), and don't wear sunglasses or prescription glasses while outside, or for at least an hour, daily… grow all your own herbs and plant medicines and learn how to make tinctures, concoctions, and decoctions… do not use candles or artificially scented anything!!! Use essential oils.
    Use organic, non-irradiated, cold-pressed oils, like castor oil, jojoba, avocado oil, coconut oils, avoid sugars and artificial sweeteners, and make your own loose leaf teas, especially Dandelion. Grow your own food and laugh and be grateful AS OFTEN AS POSSIBLE!!!
    FORGIVE QUICKLY AND NEVER ALLOW RESENTMENT, NEGATIVITY, OR FEAR LINGER FOR MORE THAN A BRIEF MOMENT!!!
    AND LOVE YOURSELF SMILE BE CREATIVE, DANCE, SING, MAKE MUSIC, MAKE LOVE FROM THE HEART AND SOUL, AND BE YOUR OWN UNIQUE, AUTHENTIC, ORIGINAL, GENUINE, COURAGEOUS, 1 OF A KIND YOU, ALWAYS, BY LETTING YOUR OWN HEART BE OVERFLOWING WITH LOVE FOR LIFE AND ALL THAT YOU LOVE TO DO, AND ALL WHO LOVE YOU… AND THAT'S THE BEST LIFE… THAT EVERYONE WOULD AND COULD AND SHOULD LIVE… AS LONG AS YOU ARE LIVING AS THE LEADING AND THE MOST INSPIRATIONAL EXAMPLE OF HOW EVERYONE WOULD, COULD, AND SHOULD LIVE, BE THAT MAGICAL YOU THAT ONLY YOU CAN BE AND HELP ALL OTHERS DO THE SAME BY BEING SELFLESS WITHOUT EVER SACRIFICING YOURSELF NOR COMPROMISING YOUR OWN SELF LOVE AND LOVE FOR OTHERS.
    ..AND SO IT IS, FOR IT SO IS, BECAUSE IT IS SO…
    …I WISH YOU ALL THE VERY BEST…

16. nice!💫💰

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21. This was great…now who are the best companies to go through ?

22. Life insurance only is good until the age of 79/80 years of age. IDK about you but I plan on living past 80 like my grandparents and my parents.

23. Thank u 💯%….
    Been tryn to understand
    All this for awhile
    AND THEN ur video
    Boom! I understood EVERYTHING
    AND – so crazy that
    THIS + a whole lotta other things
    That ‘THEY’ chose NOT TO
    SPREAD THE WEALTH AND LOVE’

    bbb- thank u again
    Loki. Forward to watch
    More of ur videos

    Thank again
    ‘Chilltown jcnj…🍀💚

24. so if you having savings in a savings account , and youre only getting 1.5% , should we withdraw money and invest it into our whole life policy? if I heard that correctly?

25. I thought they said life insurance grows after 7 years

26. I have 3 policies with a 30/70 split growing nicely. With regards to the guaranteed interest, does the dividend get added on top of the interest or is it part of it ? I am also given the option at Penn Mutual to get the dividend paid directly to me yearly, but my policy seems to grow faster by leaving it in there. Your thoughts ? Great job on explaining the process, btw 👍🏽

27. Thanks!

28. Hello how can I do this I am alone here and I am starting a business and buying home that I am using for the business

29. This is not a way to build wealth, an Insurance should never be an investment that’s what the stock market is for where you can get wayyy more returns. Having to pay back your own money that you “invested” is a scam

30. What if I have no debt/loan & heirs and care not for my funeral?

31. Damn I never knew about any of this.

32. So pay the insurance company interest instead of the bank. Got it

33. I don’t understand how paying back a loan from a life insurance company will go back into my policy.

34. Pull out a policy in your next video so you can show: 1. You are charged to borrow your money, anywhere from 4-6% so earning 4% guarantees is NOT building wealth. 2. Its up to the Insurance company's discretion how long they take to actually send you the cash you want to borrow. I've seen policies with 6 month waiting periods just to receive YOUR cash. Whole life can be a good product but DEFINATLY not for poor people thinking they can use it to build wealth. Key words you said "as long as you're working with an agent that knows how to DESIGN YOUR POLICY APPROPRIATELY" which we creators know 90% of them don't even know how to read one much less design one…Attaining cash the first year is reasonable for some putting say, $50k-100,000 in up front. What sense would it make for someone putting in $1,000 up front to then pay 6% to borrow from it. Yes their $1,000 may stay in the general account growing…but at what rate? 2-4%? You're STILL LOSING MONEY lol! Most policies don't even have cash value for the first 4 years. Everyone tries to say "the cash value grows tax free" yes, like any other loan or ROTH IRA. so what. half the people watching this video are literally only at 12-22% tax bracket & not paying enough into the policy to even be worried about those little taxes. You only compared your company's earnings to a bank savings account, when there are plenty of other vehicles to get double what your company guarantees at 4%. I know companies with products with 8.5% guarantees & 60% participation rates on upside market gains with $0 fees. My comment was harsh but finance creators really need to clarify WHO your products are best for so middle class & under quit being sold products that are not tailored in their best interest.

35. So the principle AND interest you payback goes back into your policy?

36. Hey Carmen, I'm Karmen! lol Nice to be here..

37. I'm so interesting with your explanation

38. knowledge really matters, I want to learn more about policies how it work