About this episode
Chris Naugle ( @TheChrisNaugle ) & Caleb Guilliams go head-to-head debating whether you should borrow against your whole life insurance policy to purchase cars and other liabilities. They disagree over the math and opportunity cost, as well as comparing their philosophies behind their positions. Watch the full interview: https://youtu.be/m2goBXyB27M Buy Your Tickets to the Life Insurance Summit!Click Here: https://betterwealth.com/summit Want a Life Insurance Policy? Go Here: https://bttr.ly/bw-yt-aa-clarity Want Us To Review Your Permanent Life Insurance Policy? Click Here: https://bttr.ly/yt-policy-review 00:00 - Introduction00:18 - Why Use IBC for Cars?01:35 - Calculating the Cost of Financing vs. IBC 02:24 - Negotiating a Car Price While Using IBC03:35 - Dealerships Making Money on Financing 04:20 - IBC is a Process 06:06 - Volume vs. Rate06:34 - The 4% Loan vs. 6% Policy Loan Scenario07:38 - Chris Disagrees and Explains the APR09:35 - Modeling the Math (Chris vs. Caleb) 10:48 - Paying Back the Policy at the Bank's Rate 12:33 - Loan Repayment vs. New Premium 13:28 - Opportunity Cost and Capital 15:07 - Disagreement on the Logic 16:24 - Personal Preference for Moving Capital 18:57 - An Alternative Strategy (Leasing and Reinvesting) 20:24 - Consistency in Teaching Money Concepts Learn More About BetterWealth: https://betterwealth.com DISCLAIMER: https://bttr.ly/aapolicy*This video is for entertainment purposes only and is not financial or legal advice. Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.
