How To Use Life Insurance To Build Wealth!

How To Use Life Insurance To Build Wealth!

Here’s what you want to do:

✅ Set up a Cash Value Life Insurance Policy.

When you are ready to spend a large sum of money, take out a “Non-direct Recognition Life Insurance Policy Loan” from your life insurance policy.

This allows you to still earn interest and dividends on the amount of money taken out in the loan as if you never took it out in the first place.

✅ Then start paying yourself back, all while your money is working for you.

🔥Now if you’re ready to take it to the next level 🔥

✅ You want to have a trust that owns the life insurance policy.

✅ Set yourself up as a trustee, also make sure your trust has beneficiaries, that can take care of that should something happen to you.

Have questions? Drop them below!!
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Kenney Conwell is a world-renowned financial expert, registered financial consultant & Investment advisor. Kenney is the creator of one of the fastest growing online financial education platforms “#MyMoneyEDU​”, the Co-owner of CapitalWize LLC. an independent investment management firm. In his career, Kenney has helped over 32,000 people start the journey of improving their credit. Collectively they’ve improved their scores by over 3.9 million points, removed over 385,000 negative items from their credit reports paid off over 4 million dollars of debt, and invest over $15,000,000.​


40 thoughts on “How To Use Life Insurance To Build Wealth!

  1. There is more downside coming because current economic conditions can not and will not sustain any meaningful long term bull run for the near future. It's not me being bearish for the sake of being bearish. It's looking at the overall picture and there's really nothing overly positive going on right now.

  2. Let me see if I understand this.. I have my policy set up, I have £10k cash, I put that £10k cash into the policy. Now I’m £10k down but my policy is £10k up. I then borrow £10k from who? Who gives me that £10k cash back? Is it a bank? Or someone else? Once I used the £10k to buy what ever who do I pay back to? Because that money has come from somewhere? Could you explain that bit. (I’m British btw that’s why I’m ysing £ instead of $)

  3. Your video is the first video I pressed on and I don’t need to do anymore research. This 6:10 video told me all I need to know. Now I have to call my insurance and see what’s up. Thank you.

  4. When you say, “ Pay yourself first”, do you mean when we get a paycheck from our job, we put that whole pay check into our life insurance policy..? THEN we pay ourselves from that, like take money from it to pay our bills etc. You said become your own bank..

    at the most basic functional level.. is this what you mean? Sorry I am just trying to learn!

    Thank you for your time!

  5. All I have to say is to keep it up! I've been looking to diversify into some other things for a while and a cash value life insurance policy is one of the best choices I've made since watching your video man.

  6. This dude is a whole life agent.
    There's a whole lot he's not explaining to you between the lines.
    Why would you take 10k of your own money and then put it into a whole life policy and takout a loan on it… 🤔 so now you owe 10k… and you already burnt the 10k you received from the loan on the new product you bought. OK please explain to me how this makes sense and how I'm suppose to build all this money on returns… but now I have a loan that I owe. This makes no sense!!! This shit is garbage!!!
    The whole life company is going to take all your money and invest it all into the market, and pay you a small fraction in return, from all the money they received from you.
    Do yourself a favor and INVEST all your money 💰 yourself without having other people tangled into the money you worked hard for.

  7. You are making too much sense.

    What you’re talking about is leverage, cost opportunity & paying yourself first.

    Every time I learn something new about CV CWL, this time it is using a trust.

    Can you elaborate more on this?

    Additionally, a lot of people don’t know that life insurance is an asset. An asset that can be used for arbitrage, but that’s another topic for another date.

    Thanks for the valuable insight & information.

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