50 k a month - page 7

Here's some of what Chatgpt said about this "secret":

⚠️ The Catch

You cannot borrow against the full $1M face value immediately. You can only borrow against the cash value, which takes years to accumulate.

To grow significant cash value, you must pay much higher premiums (tens of thousands per year for a $1M whole life policy, depending on age and health).

This is why wealthy families sometimes do it — they have the cash flow to fund big policies, then use them as a tax-advantaged borrowing tool.

✅ So yes — the structure is real:
Trust + Permanent Life Insurance + Policy Loans = Access to Tax-Advantaged Cash.

❌ But no — you can’t just buy a $1M policy “cheap” and immediately borrow large amounts. It’s a long-term wealth strategy, not a quick hack.

I’ll be back mid September

Thanks for clearing that up. I knew it was too good to be true.

Kinda wild you have VAs locking up and closing deals. MFers clearly sound like they aren’t American and a homeowner is willing to sign an agreement with the over the phone.

I'm not buying a term policy where the odds are from my vantage point that I will likely out live. This is life, anything can happen any minute but I'm not purchasing that. I gotta whole life policy. Don't know what your disagreement with my comment is

Not disagreeing with you.

Just saying the reason for term is not necessarily if u don’t think you will outlive it.

The reason for term would be to insure your family can stay afloat with out you. After the term expires your betting that if something happens you are already well off..

Just kinda depends on your situation

Why not just get a policy that expires when you expire, guaranteed, regardless of your expiration date?

The biggest is cost lol.

My son is 10 would be suitable for whole life as he can take over payments when he become his own HOH and it’s cheaper lol

U right tho at any point u can stop payments on whole lol!!

My cuz has 1M term policy and trust set up. He figures after term something happens kids already have trust fund and his spouse would have assets


Sn: childhood friend got killed ran over by 18 wheeler crossing highway tragic.
Insurance didn’t pay anything toxicology found codeine disqualified benefits!!!!
Daughter was 2yrs old!!! Cold game

Name to post ratio is wild... Irony levels thru the roof