IUL has evolved since filming this video...so have the lies used to sell it. Check out the newer, updated version: kzread.info/dash/bejne/l5OruaaGhKeqZKw.html 6 Lies Used To Sell IUL In 2024

First, I want to say that I appreciate several of the pieces of information in your videos, especially the sunsetting of lucrative bonds putting pressure on the insurance companies to chase the return. That said, I believe your broad-brushing and generalisation of IULs borderlines "straw-manning", where you don't apply the same intellectual consistency and nuance when discussing IULs as you do when you discuss WLs. This in turn undermines your overall credibility. Here's how: When you're breaking down and explaining whole life policies you show illustrations, and you show "the good, the bad and the ugly" among different whole life policies. You're allowing yourself to be nuanced by explaining that a whole life policy needs to be PROPERLY structured, and then you show examples in some of your videos, ranging from "bad" to "best". This is great, and is in line with my own experience comparing multiple policies from multiple companies before I landed on our current whole life policies (Big believer in whole life here). In my personal experience the State Farm policy wouldn't break even until year 30 (horribly structured), Northwestern Mutual's wouldn't break even until year 15 (better but still too pricey), whereas Penn Mutual would break even in year 5 (very well structured policy, mirroring closely the optimal whole life policies you've shown, shoutout to Jaden Zubal!). When Dave Ramsey and others criticise whole life, you'll allow yourself to point to those bad policies and say: "yeah, if this was the policy, I would AGREE with Dave Ramsey that THAT whole life policy is bad". But then you would say: "Here's how to do it PROPERLY" and show how. You wouldn't appreciate the broad brush generalisations using a bad whole life policy to justify that ALL whole life policies are bad. You want nuance, show the gray, show the good policies and the bad ones, and why they're different. Yet, you do the exact same as Dave Ramsey and others criticising whole life when you discuss IULs. Just like there's a broad range of whole life policy variations, there's the same for IULs. And yes, there are some pretty bad ones out there. And yes, there are some agents out there to line their own pockets. But there are some IULs designed with the same approach you recommend for whole life. In my view it would be intellectually honest and consistent of you to attempt to STEEL-MAN IULs by not letting the BAD products speak for ALL IUL policies the same way Dave Ramsey and others speak of whole life. You said this about Curtis Ray yesterday: "“.....Curtis Ray are 2 of the most dangerous people when it comes to your personal finances….”. Yes, you're meeting with him to discuss, and hopefully both of you will benefit from the conversation by having truly open minds, allowing the facts to decide, but I think it's "sensationalist" and unproductive of you to conclude publicly about Curtis Ray before even having had that in-depth conversation with him. My advice? You roll your eyes when Dave Ramsey and others take a "State Farm whole life policy" as "the golden example of what whole life is" and use that as a straw man to say that ALL whole life is bad. Don't "Dave Ramsey" your approach to IULs by cherrypicking the bad IULs without having ALSO first given the people that PROPERLY structure IULs the chance to give you the details, the performance that matches the illustrations.

@LIFE180

3 жыл бұрын

That's a fair statement. I have done plenty of videos on the good and bad of whole life insurance and why it has a bad name in the past. You can find in my channel if you want. It's there. Secondly, I hope I'm wrong on Curtis. But as a whole, I am not simply using a couple bad companies and broad stroking the entire Industry. I am looking at the product from a place of principle and WHY companies are going that route instead of the whole life route. It's because the insurance company is safer and you the insured take on more risk. Show me an IUL policy you have written 10+ years ago. Show me the initial illustration. Now Show me an inforce illustration. The illustration for the sale will outperform the inforce illustration every time. I've looked at HUNDREDS of these. I am going to be doing many more videos. Some more technical in nature. Some more opinion driven. Much of my problem with IUL comes down to my philosophy of the roll insurance should play in someones life. It's not meant to be an investment....period. in fact, the industry as a whole is coming down with regulation changes BECAUSE so many agents are misrepresenting IUL'S.

@LIFE180

3 жыл бұрын

All that said, I believe there is a reason whole life agents also get a bad rap. Most agents don't know what they are doing. Furthermore, the IBC people of the world don't get it much of the time either. I think IBC is 95% on the money, but a lot of their math doesn't add up. At the end of the day, I am just one person 🤣 I can only make so much content so fast. Keep subscribed and you'll see. I appreciate your input and I agree with much of what you said, so I will make content to keep it clear on my full spectrum perspective as I think you're right- that will serve people best

@LIFE180

3 жыл бұрын

My main thing on Curtis Ray that I have a challenge with is using policy loans to buy more insurance to create Arbitrage. I would be SHOCKED if companies let him do that because it puts a TON of financial stress on the companies reserve requirements... In addition, while it may have worked during the greatest bull market run in history, I don't believe it'll work in a flatter economic environment because there won't be arbitrage....there will be additional loan expenses eating into the performance of the CV. Tap that on top of the nature of the insurance companies ability to change expenses and fees and cap rates to generate revenue for THEM, it's a dangerous combo. The fact that IUL agents want to dismiss those facts seem very self serving to me. I've sold more IUL in my life than most people ever will... I'm just speaking from experience. And sharing my story. If you think I need to do a better job sharing both sides, I appreciate that input and will try to make content both ways....

@LIFE180

2 жыл бұрын

@@vangustia I have sold IUL's from 6 different companies. That really has nothing to do with anything though. How the foundations of IUL's work is the same with every company. The principles and concepts are what they are.

@LIFE180

2 жыл бұрын

@@vangustia the difference about my view of IUL is that there is actual math that shows IUL'S never perform as they are illustrated. My issue isn't with IUL, it's with the expectations they are sold with.

14:20 to 14:22. You just said it. If the policy is not structured correctly or if your agent doesn't know what he is doing.... So if it is structured correctly and the agent does know what they are doing the opposite is true.

@edsvids

2 ай бұрын

My question is why would something that is supposed to be good for the client be structured improperly. It's sounds borderline criminal to me.

@gorgeousfrazier5903

2 ай бұрын

Because agents don’t know what they are doing and wasn’t taught properly

@mariojasso3955

2 ай бұрын

@@gorgeousfrazier5903 there are more good agents out there than there are bad ones. It also has to do with the leadership and training. Stay away from the MLM's

@BatmanWins2024

2 ай бұрын

So true one, I read money, wealth, life insurance. I knew I wanted one, and it took me a min to choose a company, and the life insurance agent was very knowledgeable and helpful. I'm very happy with my account, definitely exceeding the guaranteed cash value

@Thewestes_llc

2 ай бұрын

@@BatmanWins2024 what company did you go with?

Thank you for this video. I had a smooth talking non-fiduciary 'Financial Planner' try to convince me to buy this product to fund college for my kids. A little voice in my head kept whispering to me - "Not so fast". His big selling point was the 'safety' angle of having so much insurance. Glad I came across your video!

@LIFE180

Жыл бұрын

Glad it helped! IUL for college planning is very dangerous. Especially with the surrender period considerations on top of all the other risks.

Glad I saw this video. I used to work for a company that sold IULs. They pushed them heavily on the employees to the point I’m fairly certain I was the only person working there without one. I always had a feeling that the math wasn’t adding up, but the way everyone was so pro-IUL there made me feel like I was wrong. Glad to know my instincts were right and I didn’t buy into their lies

@lemarcusbrown1708

4 ай бұрын

You hear one thing from 1 guy and you hear something totally different from another. Why don't you do some independent research then revisit the topic. Especially when the person totally hates something. What are the chances they will say anything positive? 🤔🤔

@nahomietchana5830

3 ай бұрын

So life insurance policy do you prefer?

@BatmanWins2024

2 ай бұрын

The dude sells whole life he talks bad about a product in which he doesn't sell because his company doesn't offer it or because he makes less commissions selling it, definitely do independent reading and investigating

@reynaldojones9975

2 ай бұрын

​@@lemarcusbrown1708Did you purchase this insurance?

@DFWAuto_Hack

Ай бұрын

@@lemarcusbrown1708you wrote a lot but did not help… if you know she might be wrong, why dont u share the right info with her.

Great video. Just educated me more on all the reading I've done regarding IUL's. It sounded like "The Goose That Laid the Golden Eggs" and I thought, I need to have one myself its so good. That being said, thanks for your honesty about "hey if I didn't know I would too." Yep what you described about "Whole Life" being the only way to GUARANTEE what you want happens happens and then the "controlling the variables" part and not complicating your "Life Insurance" was the most to the point part about the risk of IUL and it just NOT performing. Thanks for the video and will be studying and looking into the Whole Life side of things

@LIFE180

8 ай бұрын

Happy to hear it was helpful. Check out: The Power of Whole Life Insurance: kzread.info/head/PLrRnvQl4pMjhz0I2DjIvIhdC5dpYDJn6s

@AlphaEntInc

8 ай бұрын

Will do! Thanks for the playlist link! @@LIFE180

When structured correctly, agents earn much less commissions on this product. You reference agents contracted commission structure, not what they make on this particular product which is based on target commission. Many of these policies outperform illustrations. You need to address the real problem with this product, which is structure and funding...

@LIFE180

Жыл бұрын

Actually, IUL and WL can both be structured where the agent makes less and more CV goes to the client. However, IUL pure commission rates are much higher across the board than whole life commission rates. Structure and funding are important, but you can never eliminate the risk on the IUL side. And AG49B coming out is going to change a lot of sales practices for agents that sell IUL for retirement income. Not going to be able to illustrate positive Arbitrage anymore, and income dropping by 50%...exactly what I've been saying for YEARS

@LIFE180

Жыл бұрын

Agent contracted commission is relevant only to a certain extent. IUL pays based on target premium with a smaller percentage paid on overfunded premium. I don't understand the relevance of your comment. It's a top down situation. PHP has likely a 160%+ contract at the top. That's getting paid somewhere. Starting agents at 30% and making them split deals with their upline who are already getting paid an override is ridiculous....

Thanks for exposing the IUL.

Thanks for the clarity

@LIFE180

Жыл бұрын

You're welcome!

Thank you! Extremely valuable information. Wow, ...so much they don't tell you. So many ways to get scammed it seems. What's the reputation of Banker's Life universal index life plan? I think they tried to get me! Please advise, thanks.

@LIFE180

2 жыл бұрын

Stay away Bankers Life is one of the worst...

@williamrobinson6680

2 жыл бұрын

@@LIFE180 OMG!! Thanks!! 🙏 I lucked out. Just cancelled. (I hope) On the 29th day of my 30 days to surrender policy. They already took 2 monthly ACH payments in about 20 days. Took first payment before notifying me if approved by underwriting! Nothing I'm learning on my own, was presented to me by agent. Fast and loose. After policy was delivered, I asked for copies of my signatures. Agent said unnecessary, ...just signatures to confirm policy received. I asked to take a picture of signed paperwork. Again agent said, unnecessary. Just paperwork indicating policy was delivered. Very sketchy. So I requested refund, requiring full surrender. I have a different TERM policy (not Banker's Life) Perturbed at me for cancelling, the agent now berated me in a nasty reply..."hope you enjoy your term policy that only pays out 1 percent of the time, and becomes uncomfortable in 10 years." (End quote, Banker's agent) How unprofessional. A bad experience. Thanks again, love your videos and your resume. Exciting stuff. Congratulations! Godspeed!

So, the first time I heard about IUL was in the 90s. I made a spreadsheet of the S&P500 rates of return per annum. In a corresponding column, I put the IUL match, or min or max. The yearly returns over 3 decades were closely matched. The upside to the IUL is that you never go backwards and have to make up the losses. I saw my 401k lose 40% in a year. I didn't recover in a year. To rebutt your commission accusation, in an IUL where there are PUAs to build cash value, the commission is only paid on the insurance portion of the monthly payments. Maybe you could show an actual statement of a disappointing IUL and give all the background. Did they make PUAs? Did they take a loan and not return the cash value? Compare the illustration to the actual outcome.

@LIFE180

11 ай бұрын

Lea, there are no PUA's with IUL, PUA'S are a whole life component. I have shown lots of videos with actual illustrations to show the problems. This is just 1 video on over 100 I have done on this topic.

To answer your question at 5:40, they can do all of that by generating more returns via indexing. IULs use the market. The market mostly goes up. Not participating in the market is like turning down a free bus ride and saying no thanks I’ll walk.

@LIFE180

Жыл бұрын

The problem is, the market performance really has nothing to do with the performance of the policy. I'd be curious if you can explain why that is the case?

This is so helpful, answers all my questions, thank you so much

@LIFE180

Жыл бұрын

I have an updated version coming out on Sunday for 2023 regulatory updates, as well

Thanks for the information.

I myself am researching IUL before I purchase or even should I purchase it. ty fur the info

@LIFE180

Жыл бұрын

I wouldn't purchase IUL, I would go with whole life. But absolutely do your research and make sure that whatever you buy is in alignment with your goals.

Chris, I really love what you are sharing. Is it possible to zoom with you? Thanks

@LIFE180

2 ай бұрын

Email chris@LIFE180.com and let me know what you'd like to Zoom about

Lost about $700, Had a whole-life policy of $350,000 for $66 per month that was convertible to a UL. Once it converted, the policy's value went to $135,000.00, and they wanted $308 per pay period to put on the investment /savings side. When I bought it, the agent said it would just convert at the exact cost, and I would pay into the savings side. Just lies.

@LIFE180

Жыл бұрын

Sorry you experienced that. I hope you filed a complaint

@mikej3571

11 ай бұрын

whole life and iul's are bad

@Thewestes_llc

2 ай бұрын

Out of curiosity, what was your age when you got the whole life vs the universal life and was it a universal life policy or an index universal life policy? Did you look at the illustration prior to signing off on it (this is a mandatory requirement) and was there a difference in underwriters rating from the whole life vs when you go the universal life policy. I ask because a $66 for $350,000 whole life policy (especially one that is dividend paying) is darn near impossible (Im a broker) unless you got this policy decades ago. Your decrease in death benefit and increase in premium sounds like they did a minimum death benefit, maximum cash value concept. That is ideal for life insurance so that most of your premium is going to the cash and the bare minimum is to be allocated to the cost of insurance. I love if you could clarify though.

@Thewestes_llc

2 ай бұрын

@@mikej3571 Lol, let me guess?... Primerica?

One thing he doesn't mention is that the cost of insurance with a standard WL policy is higher than those in an IUL. Next he says "The policies never perform as they will." Well, I've told my clients that it's a guestimate & nobody knows what cash will be there in 20-30 yrs. And if he believes that they don't perform then he should tell that to one of my clients that had a premium of $300/mo, & paid for 9 yrs & has $41,000 in CV, after expenses & I recall seeing the numbers that the S&P was ZERO for at least 2 yrs. Maybe I should call the insurance company & tell them they made a mistake & the client doesn't really have that amount. It's always nice to make decisions based on theory but I'm making comments based on facts.

@LIFE180

9 ай бұрын

You should submit that case for the #IULchallenge. It's only 9 years. But if they are only paying $3,600 per year and have $41,000 after 9 years, I'll give you $2k. Just show the original illustration and an in force. Not saying it isn't "possible"...just saying there's about a 1% chance...and that's not the kind of odds I like to give my clients.

@richardcaridi1982

9 ай бұрын

I don't know what you mean by "I'll give you $2,000.) I never did an original illustration because I presented it on just the idea of a tax-free income, not what amount would be there. One co that tried to recruit me said I was doing my clients a disservice by not doing an illustration but I told him I thought it was a disservice by using one because no one knows what will be there. But today most companies require an illustration with the application.@@LIFE180

@richardcaridi1982

9 ай бұрын

I have another client who also has a 9 yr old policy, with a $400, premium & a DB of $194,000 & has a CV of $43,500, after all expenses. So, if it's done right, it is very possible. @@LIFE180

@edsvids

2 ай бұрын

Let's be honest the average client believes the illustration is actually how the "investment performs"

@richardcaridi1982

2 ай бұрын

@@edsvids It is how it works but the results are strictly hypotheticals.

Great video. I have an agent/advisor trying to sell me indexed universal life and the illustration shows me over funding in first 5 years and then him borrowing the cash value out of it and plowing that money back in as premiums to even further accelerate the growth. In the end it looks like the loan and interest due eat up the cash value and leave me with a small death benefit. He bases it on a 5% growth rate but says he has to show that but really manages it to get way more growth. All sounds great but not for me. Especially after this video.

@LIFE180

2 жыл бұрын

Be VERY VERY careful of that strategy. Lots of land mines that can blow up in your face and really hurt your finances.

@bfine1962

2 жыл бұрын

@@LIFE180 yea. Thanks. I am not doing it.

@user-wq5ws1qs7x

2 жыл бұрын

Get a new agent. He’s not fiduciary and probably has you in expensive American funds too. Any one that is trying to “sell” you anything is not a financial advisor.

@tBone20082

Жыл бұрын

Billy . Tale a look at the surrender charges 15 years? Loan creates interest that stay in your account and add up over time. It seems they didn’t educate you well and it wasn’t designed correctly. I sell IUl with living benefits at no charge .. contact me . IUL and Investment properties are the way to go..

@tBone20082

Жыл бұрын

Thanks 🙏

Thank you for making this video. A MLM person has been trying to get me to buy Transamerica IUL for several weeks now; including trying to get me to sell it with them. I never invest in something that I don't understand. To date she has not been able to answer my questions about guaranteed income, who makes fees, what amount and when and the overall expenses and constraints/flexibility of the policy. She sends me snapshots of illustrations with $11M death benefit after I have explained repeatedly that I do not want a large death benefit (no kids do far). I just want another income stream in retirement. Your video has confirmed that my hesitation was the right thing to do.

@LIFE180

4 ай бұрын

That's because she works for WFG and they don't train their agents on how the product actually works because of they did, they wouldn't be able to have as many agents selling it as they do because people have morals... Happy the video helped. Good on you for making sure you understand all the details for yourself before putting your money into anything

@TheDailyDosebyJustin

4 ай бұрын

Hello @ktessentialstv991. I too am glad you didn’t but into transamerica. I work with another agency and was able to successfully move five clients over to our IUL because I sat down with each one of them and was as transparent about the fees, face value and what they would be getting with their policy with us. Their previous agent just signed them up for an IUL and didn’t go over anything. When I made my initial contact they all were unable to tell me their face value of their old policy’s. Plus they didn’t even know about Living Benefits.

@cali.songbird

Ай бұрын

​@@LIFE180I'm considering joining an MLM to begin my journey as an agent. Is there a way to be an agent with an MLM and be a great agent that writes policies the 'correct' way?

@LIFE180

Ай бұрын

@@cali.songbird I mean....not with an MLM....that's why we created our IMO...to be a great alternative to MLM's and give same benefits of building without the requirements....but really focusing on learning the products. Agent.life180.com

What about PPLI ? can you please do a video on it ?

Thanks for the info. What would you say to someone who says - life is actually shorter these days - so we are going to outdo the insurance companies simply by filing more living benefits claims and even dying earlier - hence making IUL's worth it - because the clients are actually winning over the insurance companies ? Would love your thoughts on this narrative.

It would be nice that I like to see some table example or column policy that list out as an easy to follow-up.

@LIFE180

11 ай бұрын

I have many videos that do that. Check out the IUL playlist I have

Thank you brother. I sell whole life for infinite banking purposes

Thank you for this info!

@LIFE180

Ай бұрын

You are welcome!

This is such a great video I totally agree. Thanks for explaining them right .

@LIFE180

3 ай бұрын

Glad it was helpful!

In my opinion no matter what IUL’s are still a win win situation because even if the investment “ cash accumulation “ side does not work out or performs poorly . The life insurance portion is still guaranteed for a lower premium than what you would get for a whole life policy .

@LIFE180

Жыл бұрын

Factually untrue... The net cost of an IUL over the LIFE of the contract is more than a whole life policy. The insurance is NEVER guaranteed - UNLESS the guaranteed column says it is in the IUL illustration.

@TheOpinionSports

Жыл бұрын

@@LIFE180 whole life is more expensive than IUL, Whole Life is the most expensive insurance one can get.

@LIFE180

Жыл бұрын

@TheOpinionSports simply not true

@TheOpinionSports

Жыл бұрын

@@LIFE180 have you done a video breaking down the cost of both? If not I would like to see a video on this. Take two policies with same face value and surrender period if that’s possible and break down the internal charges inside.

@LIFE180

Жыл бұрын

@@TheOpinionSports I will do a video on that. First off, whole life doesn't have a surrender period like IUL does. There is no surrender period for whole life policies. But I will make a video on IUL vs whole life

Thank You so much for this. We had a conference call with someone last week and decided to do our due diligence and research and came upon your informative video. Again thank you for your honesty and knowledge.

@ad6415

Жыл бұрын

Same I was going to sign the contract this week but I decided to do my own research. I felt like putting $2000 a month in IUL was too much I can invest that money somewhere else.

The thing that sets off a red flag is downside "protection." Downside protection has counter party risk and the insurance company is bearing that risk. You can't exercise a put on someone who is bankrupt. The market makers can't clear all the options when we have something like the Great Depression.

@rodolfoaraujo118

Жыл бұрын

the reason they say there is a protection at the bottom is because there is a cap at the top, meaning they cap it at about 15 % so if market hits like 50 % upside you will be capped at 15% and they keep the rest.

@Hankxiong

11 ай бұрын

@@rodolfoaraujo118exactly

I can relate and agree that a lot of these agents either don’t understand what they are selling or they are motivated by the commissions. I bought into IUL with the hope of over funding the cash value in the early years but like you said the policy charges are quickly eating into my cash value and not growing as shown in the illustration. I hate that I may have to wait 10 years to cancel the policy so I don’t have to pay the cancellation penalty.

@LIFE180

Жыл бұрын

Sadly, I hear this kind of story every day....

@highklasslife6333

Жыл бұрын

what happened?

@mikej3571

11 ай бұрын

bad product term insurance and invest seperately. whole life and iuls are a bad product

@tamwilfred

11 ай бұрын

@@mikej3571 I have always thought that. What puzzles me why so many people are sold these products. I wonder if it's good marketing or good salemens able to sell well. They are the cars salemen of the insurance world. If they exisit it must make sense to a small subset of cases.

@LooseJointhiphopdance

9 ай бұрын

Woooow, that's scary to hear your story. I want to get into Cash Value Life Insurance to use it as my own bank but what I've learned in the content creator's post and your own testimony I want to know the best way to go about it going forward and limit losses if the illustrations don't add up the way they should year by year. What is the solution?

What are your thoughts about buying an IUL to cover estate taxes if it was inside a irrevocable life insurance trust? The “Roth for the well-off concept”

@LIFE180

Жыл бұрын

If it was simply for estate taxes, a single pay MEC IUL could be worth taking a look at. I would still look at whole life and compare the 2.

I just subsdribed to the channel😊. Loved the video and would like to learn more about IUL insurance. I meet with someone soon to discuss opening one. I want to know if it just makes more sense to keep my 30 year term life and try to find some form of investments to put my money in. Plus am looking for a smart way to save some money for mu 13 year old son.

@LIFE180

11 ай бұрын

That's awesome, glad the video helped! If you would like to have a conversation to have any of your questions answered, use this link: Calendly.com/_life180/claritycall

Glad I seen your video man. So are you saying a Whole Life Insurance is better? It seems as if you can take out money or a loan from it to invest into other things, in the way IULs are pitched. Not sure if I'm making sense, I'm new to this

@zhannayarkayeva3414

Жыл бұрын

Buy term and invest the difference outside of policy. Dave Ramsey explains this the best.

@LIFE180

Жыл бұрын

I am saying that IUL is never good if you are using it as a cash flow play. It can work if the only thing you want it death benefit, but that's it... I get so mad about IUL because they are so misrepresented. Whole life does almost all of the things IUL is pitched as. Check out my book, cashflowhackingbook.com

@LIFE180

Жыл бұрын

This is an extremely short sighted view....and hurts a lot of people in many ways (but term and invest the difference, that is...)

@5metoo

11 ай бұрын

@@LIFE180 - My sister sold me whole life policies in my mid-20s from NWM. Still have them and I like the death benefit, but I honestly don't get the cash flow aspect of it. If you borrow against them you have to have enough cash flow to pay it back with interest or you're screwed. I'm now financially independent because I was a Buffett style LT investor -yes buy and hold- but if you have enough assets someone will always loan you money. I no longer see WL as an investment, but I'm glad I have it even though I've no actual need of life insurance at this point.

can u pl show some annual statements with your review?.. (mask personal info)

I just got a call from the lady, she works at Columbus life insurance she said. Is that real company?

What’s your assessment of Foresters Smart UL product? Not marketed as an IULE. Thanks.

@LIFE180

11 ай бұрын

It's garbage. I have always been a bit skeptical of Foresters. But now they have proven they are in need of creating more revenue. Make no mistake about it....the only whole life companies that sell IUL are companies that are looking for another profit center to prop up other lines of business.

Thank you for this video. First and foremost Agents need to be selling based on need and not the underbelly of the illustrations. I worked for I think the same company you came from but I could not or should I say would not drink the Kool Aide. Thank for saying insurance is for insurance purposes, not for cornering the market. Stay well.

Hi, what is the best company to buy whole life insurance?

@LIFE180

Жыл бұрын

Depends on your situation. If you'd like to have a clarity call to learn the best for your situation, you can use this link to set up a time. Calendly.com/_life180/claritycall

amazing ....thanks...any better long term investment?

@LIFE180

11 ай бұрын

This depends on the individual. We focus more on financial structure than specific investments. You shouldn't invest or save in anything until you understand WHY you are doing it for you....Align your money with your values and beliefs.

Is there a way to cancel an existing IUL to whole life without penalty ? Say the IUL has only been started 3 months (3 monthly payment so far) .can we transfer the face value or part of the premium payments to a whole life?

@LIFE180

Жыл бұрын

set up a call with the team to see if they can give specific guidance: calendly.com/_life180/claritycall

@i-risesi2040

4 ай бұрын

Do not transfer. All of them have there problems. No not one is perfect

@lemarcusbrown1708

4 ай бұрын

Man, no matter what you get, it just needs to be properly structured. Both are fine products.

@shawnmcintier6110

4 ай бұрын

Why in the heck would you want a WL?

Hello all, when looking at life insurance you should look at their ABRs or riders that come with the policy not all companies offer the same riders. Some offer only 4 some as many as 18.

@LIFE180

4 ай бұрын

The ABR's are only as strong as the policy being in force. That's the trouble with IUL.

Can you make a video explaining the marketing for IUL having flexible premiums

@LIFE180

3 жыл бұрын

Will do!

@Bryan-om3wq

3 жыл бұрын

Unfortunately I wish they didn’t have flexible premiums, that is the #1 manipulator factor into ruining an IUL. The clients are convinced they can make whatever payment option they want (down to minimum) and their policy will run as illustrated. Can’t tell you how many underfunded policies I’ve come across because client was told by the agent it’s “flexible”

@LIFE180

3 жыл бұрын

@@Bryan-om3wq yep! Plus, the whole conversation around the indexed return. They always talk about it pretty fees. Some big players talking and running numbers and marketing based on 6.4%, but at the end of the day, if the Avg is 6.4%, the IRR is far lower.... Somehow with whole life, everyone seems to call that fact out 🤔

@Bryan-om3wq

3 жыл бұрын

@@LIFE180 the IRR is important regardless. Fact is an IUL doesn’t get enticing until after first 10-15 years. It’s so heavily fee dependent in first years of contract, the longer the policy the more edge shifts to IUL. However first 10-15 years a whole life looks more enticing because the premiums are leveled out.

@theenlightenedsavage1436

3 жыл бұрын

Have also seen IUL sold as a comparison to term. Where they show that the surrender value can be used as a return of premium option after 15-20yrs

Love your content! Iul is marketed as a great retirement option, you preach whole life over iul. Does that mean whole life over a annuity as well for retirement! Thank you for your content have a great day!

@LIFE180

7 ай бұрын

No. Whole life and annuities are completely different. Sometimes the work we'll together and sometimes you only need one or the other. It really varies based on the rest of your assets and financial structure. Hope that helps

Thx for the insight Chris. I’m curious, you mention you are not a licensed Life Insurance agent anymore like Doug Andrews. Can you expand on that?

@LIFE180

3 жыл бұрын

Well... back in 2016, I decided to focus on marketing. if you look at my channel and the dates of video production, you will see there was a period where I vanished from content creation. That's because I was working with other clients and doing other stuff. I also own a career coaching company (CareerNextAgency.com) and have written a book (ExecutiveJobSearchSecrets.com). I help BetterWealth.com with their marketing and love helping agents with their marketing. However, I am really not a fan of actually selling and managing clients. So I focus on helping agents be successful now in their business. I am simply ANTI IUL because of the fact that I have worked for one of the top IUL companies and I understand WHY they are selling IUL as a profit center compared to Whole Life. Look me up and you will see I had no complaints EVER against me. Look Doug Up and you will find lawsuit after lawsuit. He says he is an authority....lol. He is a fraud. See the video I just did on him. I am researching it, but I would venture to guess that he is not allowed to be anymore due to the class action lawsuit along with his organization selling a ponzi scheme as a mechanism to fund IUL policies... disgusting. Doug Andrew and Curtis Ray are 2 of the most dangerous people when it comes to your personal finances....

Looks like IUL pays around 6% -7% annually after all fees. When treasury bills get up to 7% UIL’s become essentially useless. I think insurance companies know that and are trying to push hard right now. Too many asterisks and fine prints for essentially a 7% bond.

@dlightningz6775

5 ай бұрын

If bills go up that high, IULs will go higher, also that would be the least of anyone's worries.

So should I get a whole life insurance or term life? Also should I go with something like Globe life or primerica? What are some good amount. I am a mom of 4

@LIFE180

Жыл бұрын

Hey Nikky, These are all questions that vary greatly based on your personal circumstances. Happy to have you speak to one of my coaches to give you some guidance. Calendly.com/_life180/claritycall

@twuffles

Жыл бұрын

I would recommend speaking with a broker who can shop around the rates and companies for you. Life insurance is based off your age,medical history, and financials. Also whether you should go with whole life or term also depends on your age and goal with the policy.

Wait, a product where the insurance company can change the rules by adjusting cap or participation rates after the fact isn't a great investment? Plus the costs of insurance? Plus no dividend reinvestment on the index account?

So is better whole life insurance for that term of "infinite banking"?

@LIFE180

Жыл бұрын

It NEEDS to be whole life for Infinite Banking. I have videos detailing why if you want to watch

Do you have opinion on the living benefits of IUL’s? Can you have n and whole life?

@LIFE180

Жыл бұрын

living benefits are one of the good things about IUL, sure. However, they are only as good as the policy. If the policy has funding issues, the living benefits will suffer, as well. Whole life insurance offers living benefits just that are just as solid as IUL. I think that is one of the most ridiculous elements of uneducated agents. I hear from so many potential clients who were looking into both IUL and WL that tell me their IUL agent told them WL doesn't even offer living benefits. IDK if the agents are just lying or if they are really that uneducated? Either way, it is sad.

As a Financial Professional working for one of the big 4 Mutual companies, I vote what you just said in this video

@EinsteinTeachedYou

Жыл бұрын

Then you don't know how to set it up with cash value and low DB

Now that interest rates are higher has this not reduced the risk, ie improve performance and returns for the carrier?

@LIFE180

Жыл бұрын

The equation on how increased rates impact IUL is far more complicated. Increased rates means increases to whole life performance, but not IUL. Increased rates will likely increase the options budget....but the options costs are also increasing, which is negating any potential positivity long term for IUL'S.

Like going from a pension to a 401k. My agent who is dead now was all about commission for him. Every year I called him when I got my statement, because I totally did not understand it.

@LIFE180

11 ай бұрын

That sucks, I am sorry. If you need help with anything looking it over, email Chris@LIFE180.com I can either help or have someone on my team help if you need...

@LIFE180… I’m 30,000 into my IUL. I’m a single mom and active duty military. I don’t know what to do. The surrender value is only 7,000USD if I discontinued the product. It seemed like an amazing product when I got it but it costs me $300 monthly. The death benefit is $800,000. The idea of security for my children if I die is priceless. What advice can you give me. Also, when I got the product, a financial advisor told me it was a good deal. 🤔

@LIFE180

11 ай бұрын

I would suggest to set up a call with my team and they can go deeper into it and guide you through potential options. Calendly.com/_life180/claritycall Hope that will help

@malkieri1672

4 ай бұрын

What did you end up doing?

@uma001

3 ай бұрын

How many years you need to pay premiums? you dont need to pay surrender charges once premiums are paid.

Insurance agents actually get paid less for selling IUL’s. They don’t get paid off of the Index aspect of the policy. They only get paid off of the life insurance part. Especially when the policy is set up for more of your monthly premium to go towards building cash value.

@LIFE180

Жыл бұрын

They get paid less? No.... all things being equal, IUL agents get paid more to sell IUL compared to whole life.

@joeybaer6140

Жыл бұрын

@@LIFE180 I am a licensed broker in over 10 different who’s contracted with over 20 different insurance company’s, this isn’t true I don’t where this information is coming from. What insurance company pays more? Because varies company to company and I still haven’t seen one that pays more, the reason this is because WE ONLY GET PAID ON THE LIFE INSURANCE

@joeybaer6140

Жыл бұрын

@@LIFE180We don’t get commission on the percentage of premium that is tied to an index fund, so tell me how I’m the world would we get paid more from IULs vs a whole Life policy?

@LIFE180

Жыл бұрын

@joey Baer I will answer, but before I do, I want you to answer technically how you get paid commission on IUL. What percentage commission for what portion of the premium? Then explain how it works with whole life. These are things you should know 100% BEFORE you go making comments about stuff you don't fully understand

@LIFE180

Жыл бұрын

@@joeybaer6140 100% of what I have said is true. See my other comment. Break it all down then. How does it work? Go through the 4 lies one by one and tell me where I am wrong. Oh yeah, you can't. So maybe instead, you should open up your mind to learning something.

My agent used a slightly more than 3% rate when she did the illustration with me and my performance has be much greater. And if I remember correctly the historical number is a bit higher than 7% which helps explains. Plus and more importantly, my agents, and I know many agents do too, designed my policy such that the insurance policy I'd buy decrease as I get older therefore the insurance cost won't keep increasing much (people typically need less protection when they get older with less debt and responsibility so it makes sense); so the cost part won't eat into your accumulated money especially you will see more significantly compounding interest come out. I overall found IUL a great tool, and better than whole life if designed well.

@LIFE180

3 ай бұрын

All I can say is that I hear those responses all the time and they still have problems. 7% is market history avg, NOT policy return avg after fees.... All the other comments mean your policy will be better than most, but when you start taking loans, it'll be really exposed.

My grandchildren has Index Universal Life do you think I can switch this policies to infinity banking policies

@LIFE180

2 ай бұрын

Absolutely. Set up a call to do a policy evaluation and see if a change makes sense LIFE180.com/clarity-call

I ride a motorcycle and i want a insurance that will pay my parents if somethings happens. With all my research ive came to do either term or IUL, idk what to do or what to go for

@LIFE180

Жыл бұрын

If you just want that death benefit, then term is the way to go. If you want to build any cash value, then whole life is the way to go

You said that during the period of not gaining money there is still fees, but what you don’t say is that having an IRA you loose money and still have fees

@LIFE180

Жыл бұрын

Sure, there are fees with the IRA, too. I'm not saying I love IRA'S or 401k's....I don't. But IUL agents that try to position IUL'S as something they are not is disgraceful. IUL'S will never achieve a NET return in the competitive range of an investment account over 30 years.... it's all smoke and mirrors with positive illustrated Arbitrage....which is going away with regulation update in 2023.

@Bakersfieldman

Жыл бұрын

@@LIFE180 at the end of the day in my opinion the not being taxed upon retirement with an IUL or annuity definitely is better than getting hit with a 40% tax as IRA,401k,403b’s do and people aren’t informed on that at all.

@LIFE180

Жыл бұрын

@jose garcia at the end of the day, COI risk inside of an IUL is just as bad if not worse than taxation risk. IUL is misunderstood by the agents that sell it, therefor misrepresented.

What if iul is set up the right way? Or is there no way it cab be effective at all?

@LIFE180

6 ай бұрын

IF it is set up properly, it could potentially be a a permanent death benefit. All that goes out the window when you start leveraging for income through policy loans

Now that Libor is out and SOFR is in how will that transition affect an IUL or Whole Life policy?

@LIFE180

11 ай бұрын

Shouldn't have much of an impact on whole life. The loan rates never followed Libor, they follow the Moody' Bond Index typically. Plus they are capped at 8% for loan rates at a max, so if rates continue to climb, whole life policies become more valuable.

@marvinstockdale1724

11 ай бұрын

@@LIFE180 @Life180 definitely appreciate the response to question new to you but, becoming a huge fan you share a lot of knowledge.🔥🔥

Broken down what I hear is his big complaint is that the fees take away from the investment and this is not explained up front. And this guy Doug Andrew was selling something to his clients that most agents would not sell in general. THe problem with Doug Andre it looks like the problem was with him and not IUL policies in general.

Sounds too good to be true when the agent explained to me. Im glad i did some research on youtube. Thank you for the video.

@LIFE180

Ай бұрын

You are very welcome. Glad you found the video, too!

What about mpi.. it's that a life insurance

i bought IUL in 2014, my agent told me I can cancel anytime and ask for reimbursement. I did cancel my policy in 2016 and called the insurance company for reimbursement, the rep on the phone told me there's no refund.

@LIFE180

Жыл бұрын

Wow.....I'm sorry you had that experience...

@karmaj32

Жыл бұрын

Same here

@LuLuFinotti

Жыл бұрын

The agent simply didn’t explain about the vesting period!! 🤦🏻‍♀️ not really the product that is the issue here.. in this case it was the agent.. so sorry

@uma001

3 ай бұрын

Sorry for your experience.Did you check your illustration before cancelling? It will show the surrender charges. I think in your case first 2 years you get zero cash value if you cancel it. Please check it so that you will atleast understand how it happened.

My Nationwide IUL is out performing the illustration but one of the best parts is when I borrow from it to buy another asset to create more passive income my Pacific Life is also out performing the illustration so definitely depends on the company

@LIFE180

3 ай бұрын

You obviously haven't had it long....which means you're still in surrender period. Give it time.

@uma001

3 ай бұрын

@@LIFE180 Its not about the surrender period. It is about how the market performed in those years since IUL's indexed strategy refers S&P 500 or high cap multi index etc

@BatmanWins2024

2 ай бұрын

No offense, but you sell whole life, which I know why whole life is a promised return of about 3-4%, but the main reason is because whole life commissions is so heavy no wonder why you hate on IUL that makes sense

My dad bought a UL policy on me 25 years ago when I was 13. I’ve been paying the premiums for 10 years. What’s the math I need to be thinking through to decide to avoid sunk cost fallacy and just kill the policy? I think the death benefit is $250k which isn’t even one year of household income anymore.

@LIFE180

10 ай бұрын

If you would like to review your options with the team, feel free to use this link, they can walk you through everything Calendly.com/_life180/claritycall

@uma001

3 ай бұрын

Check how much premiums total you paid and whats the cash value now. If you dont have surrender charges you can cancel it though

I’m my illustrations it shows the prior years performance. For about a decade or so and it performs well comparatively. Is this deceptive as well?

@LIFE180

Жыл бұрын

Yes, that is deceptive, because it shows performance based on current assumptions of cap rates, participation rates, spread charges or one of the many other levers. It all changes when they increase the fees and reduce performance of the policy over time - which they will do....they always do

@EdwardVarner

Жыл бұрын

@@LIFE180 you know they have been chasing me for almost 1.5 years but I keep delaying bc something just didn’t feel right. ALWAYS trust your gut, and the smart friend who knows what they are talking about lol Thanks for the clarification!

@geraldndong

3 ай бұрын

@@EdwardVarnerDon't be deceived

Arent the fees overtime significantly cheaper than what you would pay in income taxes with any other retirement accounts?

@LIFE180

2 ай бұрын

No....that's what they would like you to believe

🙏 thank you

@LIFE180

3 ай бұрын

👍🏻👍🏻

I have pension and 401k through my employer, whom with I also decided to do an IUL with. Is this smart or should I be putting the little money going into the IUL somewhere else?

@uma001

3 ай бұрын

How can employer offer IUL? are you sure about that?

Is COI more expensive or is taxes more expensive compared to a 401k?

@LIFE180

Жыл бұрын

COI is very expensive in IUL long term. I'm a big believer in whole life insurance when designed properly, but IUL sales tactics are misleading and they never perform as illustrated.

I just signed up for a IUL yesterday 😓 I want out now. My whole approach was making sure if something happens to me that my kids are well off. I feel like the agent persuaded me to get IUL instead of whole life. Should i just contact her and tell her im out?

@Handikasome

3 ай бұрын

Yes...I converted my clients from IUL to Whole.

@uma001

3 ай бұрын

You will still get death benefit from IUL. If your prime purpose if to have life insurance then IUL is good option. I think you have 30 days to cancel.

@maribelgonzalez4555

2 ай бұрын

I would suggest you call the insurance company and understand the policy, try to have it handy to follow what the agent is telling you. I don’t think IUL is as bad as he makes it seems. I think is much better than whole life. I sell them all. Term, IUL, WL and they all have pros and cons but it depends on the age and what is your purpose for having it. I’m always reviewing policies for clients some time replacing them and sometimes just calling the company with them on the line and asking key questions.

The biggest problem here as far as Doug Andrews is concerned is that he "selling" the fact that one can lock-in index gains, and also lock-in "general portfolio account rate" of 5-6%. So basically suggesting your money can grown 5% a year if you decide to de-link it from index. If this were true I would do it in a heartbeat. BUT is this true?

@LIFE180

2 жыл бұрын

That is indeed the question. And while he (and many other IUL agents) say they can, it isn't possible. In this instance, a little bit of common sense will take you a long ways and it's why I get so frustrated with IUL agents... Life insurance companies are masters at managing risk. Their general accounts are earning 4-4.5% if they are lucky right now. Knowing that fact, if what Doug says is true, why wouldn't the life insurance companies simply implement the strategy across their entire portfolio (or at least a large portion)?🤔🧐 especially when you take into consideration that they wouldn't even have the insurance costs that go along with it. In short...it's not possible. Watch the Playlist I shared

@LIFE180

2 жыл бұрын

Vintage, are you an agent trying to learn or a person considering purchasing life insurance as an asset?

@java2architect

2 жыл бұрын

@@LIFE180 I am a person who is being tried to be sold IUL. And I was a bee drawn to a flower until I found your channel. Bottom line, I need to know if there are inherent flaws with the product. "If structured properly" is my main issue. If I have some confidence product is not a scam but it is only agents who are scammers, then I can invest the time to find an agent I can trust. Else, I will move on.

@java2architect

2 жыл бұрын

@@LIFE180 I'm now wondering WTF don't I take $25K of my $500K and then purchase call options on the S&P 500 after the next market downturn. Any taxes I pay will be worth it, yeah? Thank you!

@LIFE180

2 жыл бұрын

@@java2architect if you are looking from proper IUL design, it's about design and expectations. The idea you will get 5+% is based on current cap rate assumptions. The insurance company is able to reduce your cap rates any time. Depending on what you are doing with your $500k portfolio, what you mentioned is an option...but I would still be careful. I love whole life insurance because I don't view it as an investment, I view it as a banking alternative on steroids. IUL is sold as an investment alternative and it's not a good one....

What are all the benefits vs disadvantages? I was looking to use it for borrowing to buy assets. Basically put in a certain amount per month grow cash value and borrow from I think they said death benefit use the loan to buy real estate, dividend stocks etc. is this a good option for that and how do I properly have it structured? I use to be a life insurance agent but universal life kinda confused me.

@OperatorT101

Жыл бұрын

Exactly my thoughts. I see no answer to your question also... hmm

@5metoo

11 ай бұрын

I've owned whole life policies for years, and I frown on borrowing against them idea. I have done it, and I think it has worked for me. But the only reason it did was by way of the success I've had in my other investments. The life policies were good in that I bought them when young and I didn't know anything about investing. Also, Roth IRAs hadn't been invented yet. Now I'm flush in all my accounts (401k-IRA, 401k-Roth, Roth, taxable, and I have whole life policies for death benefit, so I really question the investment value of life insurance. I do like having the death benefit. Find out how to invest as early as you can, and you won't need to borrow money from yourself if that even makes sense. You do have to pay back the loans with interest or you're pretty much screwed. Just remember if you don't get a great return on the money you borrowed you're up a creek. You can't just say "ah well, I only owe myself so it's no big deal". The consquences of not being able to pay it back are your policy lapsing or taking a huge tax hit.

@uma001

3 ай бұрын

From IUL If you have good enough cash value you can get upto 90% of cash value as loan. You need to make sure cash value is not going down so that policy is not elapsed. Once you paid all your premiums there will b 0% interest on loans otherwise there will be 0.75% to 1.25% interest.

Some things your right and some things your not. Whole life pays is more in commissions than whole life because I don’t write it at target premium. I want to help my customer as much as possible.

@LIFE180

Жыл бұрын

I am correct on everything I stated in this video. Whole life doesn't pay more in commissions. Plus, your comment makes no sense. Re-read it and you will know what I am talking about.

@iamwonka

Жыл бұрын

What? This comment literally makes no sense. Lol

You can manage the Matrix of IULs with a calculator.

Who should I go to for life insurance

@LIFE180

Ай бұрын

Life180.com/clarity-call Have a Convo to figure out which policy and company would be best for you

Which life insurance company is good? Any suggestion?

@LIFE180

Ай бұрын

Depending on what you are looking for.... We work with many different companies do be able to help solve many different needs and challenges. LIFE180.com/clarity-call

Great video

I have IUL and whole life policies that I can sell, and I can say, for certain, the commissions for IUL are half that of the whole life insurance commissions.

@LIFE180

4 ай бұрын

Smh....if that's the case, you need to learn how to design a whole life policy.

Is the class action lawsuit only about IULs?! It is all about IULs?!

It’s still a better product than a term insurance tho. Structuring it is all that matters.

@LIFE180

Ай бұрын

It is better than term ONLY IF you never plan on using the cash value....then it is like permaterm....in fact, that is EXACTLY what it is

Your take on premium finance IULs?

@LIFE180

Жыл бұрын

Highly speculative....very risky. I'm not a fan at all, while many believe it is possible. Bobby Samuelson just wrote an amazing article on the rise of Premium Finance lawsuits and how it is going to get worse.... Check it out at LifeProductReview.com

So what do you suggest?

@LIFE180

Жыл бұрын

It depends on your goals, skills, and the rest of your financial picture

So what is the purpose of an IUL? Now that we know what its not for?

@LIFE180

10 ай бұрын

IUL can be a great tool when designed the proper way for legacy planning. I have a video coming out on this exact topic next week. I also have this video: kzread.info/dash/bejne/ZaqArqdrZ5jNlbQ.html

Dang it! I've had my policy for about 2 years. Are you saying it WILL serve it's purpose of it's properly funded? I'm trying to figure this out. I don't know if I should stop funding it now, keep funding it or what. The consumer's challenge seems to be finding someone who actually understands these policies and is honest about making it work the way it was intended or getting a lemon.

@LIFE180

2 ай бұрын

You can go to RescueMyIUL.com and submit illustrations for a free review if you want.

As my Grandpa used say, "if we started an Insurance Company, we'd be billionaires in a year!"

@LIFE180

Жыл бұрын

Well, I don't know that I agree with that....insurance companies profit very small spreads over large amounts of money and long periods of time IF you are using a Participating Mutually Held Insurance Company. Stock insurance companies, on the other hand, your Grandpa was right!

So what is better whole life or term?

@LIFE180

Жыл бұрын

Depends on your financial position and goals. I don’t believe in cookie cutter advice

@tomiokarider

3 ай бұрын

TERM... Pretty much ALWAYS@@LIFE180

What should i buy?

@LIFE180

11 ай бұрын

Depends on your needs. Set up a call with my team and they can give you some guidance. calendly.com/_life180/claritycall

Thank u i.was thinking to.get one now im.not

@LIFE180

Жыл бұрын

You're welcome!

I would like to attempt to debunk some of your points but I don’t think the comment sections will be the best place to do this. Is there any way I can email you a google doc over the topics discussed in this video? For reference I’m about to be licensed in life insurance and do not want to sell insurance for just profits, I want to help people with knowledge on finances. That being said I really think I have some good points in regard to how you’re implying these policies have trended in the last 20 years.

@LIFE180

9 ай бұрын

Chris@life180.com

I'd like to know what you're selling so I know what to buy to protect me and my family.

@LIFE180

8 ай бұрын

A blend of different products based on the circumstances and needs of the individual Cheap term Living benefits term Convertible term Whole life insurance Annuities Tax planning (through our partners) Use this link to set up a call if you want: LIFE180.com/clarity-call Hope that helps

@dccc4725

8 ай бұрын

What if I get sick and don't die quickly? @@LIFE180

The guaranteed column for an IUL is zero %. If the S&P is negative for 30 years, your insurance policy is the last thing you will have to worry about. The insurance needs to be minimized. If you are using paid up additions to juice up the cash value in whole life you are using life insurance as an investment. The cash out feature in a good IUL that credits interest back of the loan and zero's it out is much more efficient vehicle. Agents that run illustrations at 8,9,10% will have disappointed clients. As long as the illustrations are in the low 6% range thi gs are good.

@LIFE180

10 ай бұрын

Cool story. I have plenty of facts that prove otherwise.

@LIFE180 Is it possible to sue? The guy who sold it to me in 2021, his license went inactive in 2020, so he’s not licensed to sell. His wife’s name is on the paperwork who is licensed but I never spoke to her. Do I have a case?

@LIFE180

6 ай бұрын

Absolutely, you can sue if that is the case. The company would be liable or there would be an E&O claim... If what you are saying is the case and you have proof, the company will likely just refund your money. That is totally sketch

@basketballtv248

6 ай бұрын

@@LIFE180 the most proof I have is text receipts where we’re setting up a call, and other texts throughout the past 2 years asking questions about my policy. Hopefully that’s enough proof. If it gets to the point, I can always pull phone records to show I never spoke to his wife. I got 28K in there 🤦🏻‍♂️ hopefully I can get it all back. He’s the boss of the company with an inactive license to sell. Company’s name is Beal Financial Group ran by Brandon Beal the guy who sold me the policy.

How much is the Brooklyn bridge?

@LIFE180

Жыл бұрын

🤣🤣😎

Looks like interest rates have come up substantially 🧐

@LIFE180

Жыл бұрын

Yes they have....but that still hasn't driven cap rates up 🧐

Text IBC to 26786 to learn more OR Visit kzread.info/dash/bejne/d3Z7p82fdLKXoto.html

@joshuamiranda980

Жыл бұрын

@LIFE180 should i get whole life policy with IUL or just whole life alone thanks

We had a high up in Young Living essential oils come to us after blowing over $30k in an IUL based on the amazing returns promised because it blew up and was going to cost $12k to reinstate after the internal fees. Insane

@LIFE180

11 ай бұрын

wow....that is sad....yet so common. We are helping a person who is out over $500,000 (LITERALLY) on an IUL right now. Crazy the stuff these companies are getting away with. And these are the stories that encourage me to create the content I create. Most agents don't realize the long term problems IUL will create for the industry.

@noelwhyte9834

11 ай бұрын

​@@LIFE180what's "THE INDUSTRY"

How about F&G? Same?

@LIFE180

Жыл бұрын

One of the worst....

Loved your information on this video! I have a friend who has earned about $750,000 over the last 6 years as a financial advisor, selling these things...... She currently has 13 IUL's herself (8.5 mil in insurance now). Anyhow, she almost talked my husband and I into it. I had trusted her and seen her success. However, she left the CONS about the IUL out of her presentation. When I looked into it myself, I had a very bad feeling about it ( and finding out if you need that money back after 2 -3 years into it - good luck). We opted out in the pre-qualifying process, thank the Lord. She really thinks they are the best thing ever. I believe she has been brainwashed by the people who educated her and as you said, those charts. And of course her accounts have made 12% interest in the last 6 years so far, so she is not seeing any problems yet.

@lovelydeesweet33

Жыл бұрын

She is not brain washed. It's the living benefits that is important income protection

@Saved.by.Jesus.

7 ай бұрын

@@lovelydeesweet33did you buy it. How much have you made.

@tivt926

2 ай бұрын

That is bc IUL are meant for long term not short term 😊