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

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00:00 - Introduction

00:18 - Why Use IBC for Cars?

01:35 - Calculating the Cost of Financing vs. IBC

02:24 - Negotiating a Car Price While Using IBC

03:35 - Dealerships Making Money on Financing

04:20 - IBC is a Process

06:06 - Volume vs. Rate

06:34 - The 4% Loan vs. 6% Policy Loan Scenario

07:38 - Chris Disagrees and Explains the APR

09:35 - 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

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*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.