You don't need a job!!!

Life insurance policy is only worth the cash value and that’s based off of how much money you put in the policy

That one unemployed friend:

It’s still debt. If you have a sure thing to pay off the debt, by all means, but historically the ruling class crash the markets every few years so they can liquidate all the assets of the people who are over leveraged. Maybe they just take your trust fund, but from my personal experience, bankers and the government are corrupted MFers who make up the rules as they go and will come for your tangible assets if you have anything of value to take.

This is 100% wrong. You can borrow against the cash value of an insurance policy only. Term life insurance cash value is ZERO, and whole life starts very small and builds very slowly.

i’m sorry, bro you need a little bit more education on this. You’re close though.

it doesn’t work as simple as he explained

Bad information. Doesn’t work that way.

These shits lowk annoying asf now like this shit 2020 asf! Like some people will and some won’t! Shut up n see!

I dunno if I believe this coming from a man in a car without a panoramic sunroof

Forgetting to mention the bank will have you killed and so the insurance company for your million dollars because they are now the beneficiaries of your life insurance policy that you put in inside of the trust and borrowed against once you die if your family cannot pay. Ijs idk

He talking about term life and you can’t even borrow with term life 🤣🤣 people don’t be knowing what they be talking about bruh.

Nah... have we learned nothing from the recent events? We just need to open a daycare…🤣🤣🤣

Everyone coming at him before you do maybe you should research what he’s saying and then talk to a life insurance professional then your fiduciary and you’ll be surprised he’s kinda on point you become a board of trustee the value is owned by the trust the trust is your bank 🏦

All this while waiting for his next Uber ride is crazy.

You are mixing up between death benefits and cash value of a whole life insurance. You can't borrow against your insurance if you don't have cash value. And it takes years to grow your cash value specifically if you paid a small prime monthly

@grok can you borrow money right away after you put insurance in trust?

@grok review this video for true and false information. list them in that order, What is true, what is false? then tell us how to do this the proper way.

No mention of how you pay the bank back. 🤔🤣

Don’t you have to wait until the policy builds up money within it before you can borrow against it?

@grok is this possible?

You’re a fucking retard

@grok explain this in details , how to do it ?

You seem to be living in your car. What happened?

I prefer a career that matters money is worthless compared to skills…

@grok is this doordash gentleman accurate with his words?

Lies! A $1 mil whole life insurance policy is gonna cost thousands per month. It only builds cash value over the long-term as you pay into it.. term life equals no cash value, which means no borrowing. Even term life that start off at $100/mo. cancel after term + increase costs

The life insurance policy isn't worth anything if you're alive so why would a bank lend you money just because you have one in a trust?

The life insurance policies that can serve as an asset:

For Nigerians too?

Ok have you tried it yourself?

Quick truth first, a trust fund doesn’t automatically make you wealthy. Plenty of people blow trust funds. Wealth comes from how you manage, grow, and protect it

There’s a basis of truth to this but it’s exaggerated I do this but it takes approx7 years to get to a point where this can be done It’s true but there’s more to it than this video explains I’d be surprised if this kid is practicing what he’s preaching

You still have to pay it back, WITH INTREST! SMH