As Jay-Z gets ready to release his 12th solo studio album, Magna Carta Holy Grail set to debut on Samsung Mobile users July 4th, the rapper broke down yet another song of his highly anticipated album, entitled "Jay-Z Blue."

The preview video for the song inspired by his 1-year-old daughter Blue Ivy, features the 43-year-old rapper opening up about his family and discussing the absence of his father with iconic producer, Rick Rubin.

"It's something that we both created," he says of his daughter with wife, Beyoncé, 31.

The mood shifts when Jay-Z addresses his childhood, and readiness of being a father as he wonders if he's prepared to handle the responsibilities of raising a daughter while balancing his marriage to wife.

"We still marvel at her. It's most obvious on a song called 'Jay-Z Blue,' and it deals with my pop left when I was young so he didn't teach me how to be a man nor how to raise a child or treat a woman. So of course, with my karma, the two things I needed I don't have and I have a daughter. It's the paranoia of not being a great dad," he says.

While the rapper contemplates his life as a father and husband in "Jay-Z Blue" , the song, "Heaven" off the album makes him questions himself about the uncertainties of heaven and hell.

"For me, my idea of heaven is in your daughter's laughter; hell could be if your child is missing for three minutes--you're in three minutes of hell," he says to Rubin. "It's just not my belief that a just God would make you burn for eternity for [the] free will that he gave you."

"Jay-Z Blue" and "Heaven" are a few of the latest previews leading up to Magna Carta Holy Grail. Enstars reported earlier that the rapper also released sneak peeks of the track "Ocean," feauturing Frank Ocean.

The rapper will perform at the Ed Sullivan Theater marquee in New York for "The Late Show with David Letterman"  on July 8. The mayor granted him special permission for the special rooftop performance.

The album will hit retail stores on July 9.