This was honestly the most informal video in regards for explaining a few details

@LIFE180

6 ай бұрын

Glad it was helpful!

You are one of the only people in the insurance space being honest about IUL. Good job.

@LIFE180

Жыл бұрын

Appreciate the feedback. I feel a responsibility to do it.

Great overview. I really appreciate your honest evaluation.

@LIFE180

3 ай бұрын

Thanks!

Very informative. I was contacted by an agent/ contractor for Mutual of Omaha out of San Diego who works for the company insurance elevated. She sounds very knowledgeable but didn’t go into detail as far as the downsides of IUL’s. I haven’t agreed to the contract yet but I’ll certainly have some questions for her now. Thanks again.

@LIFE180

8 ай бұрын

Lmk if you ever need/want a 2nd opinion on anything

Universal life insurance was created in the 1980s when interest rates were high, and this policy has a cash value like other types of permanent life insurance.

In 1979, the E.F. Hutton life insurance company introduced universal life (UL) insurance. It was the first new type of life insurance product in over 100 years.

@LIFE180

6 ай бұрын

And it was a colossal failure...for the clients that is. Insurance companies crushed it

Thank you

Chris the IUL slayer 🗡️😄

money cometh you helped me u the best

Do you do a free look at IUL's I'm trying to get a projection done and want someone to look at it.

@LIFE180

3 ай бұрын

Every day. RescueMyIUL.com

This is a great analogy, Chris.

@LIFE180

Жыл бұрын

Thanks, Andres! Use is and share it!

Thanks for this, was in the middle of signing up for an IUL, something small, but was discouraged with the aount of time it would take to borrow on the death benefit. Would love to learn more

@LIFE180

Жыл бұрын

Reach out and we can help answer any questions you might have: Calendly.com/_life180/claritycall

@IUl.Solutions

8 ай бұрын

You can't borrow on the death benefit. You borrow "against" the surrender value not from it. You can ask your agent for a balance sheet benefit rider to remove surrender charges. If you are doing your part, funding it properly, it should be no problem.

@MonteChristoCapitalLLC

6 ай бұрын

😮​@@IUl.Solutions

Thanks for this explanation!

@LIFE180

11 ай бұрын

Glad it was helpful!

PROVE ME WRONG.. if anyone has a WL policy and do any kind of stock option investment, Congratulations 🎉🎉🎉 You have something close to a synthetic IUL

@LIFE180

2 ай бұрын

Are you trying to say IUL is better because of the options?

@siulanainad

2 ай бұрын

@@LIFE180 not my point. Since I am an old fart Imy thinking process is way different. I recognize that I need you so I can challenge my own preconceived ideas or to solidify them. So there's no ego, if I'm wrong I adapt in a New York minute. I am much older (maybe 2.5x) than you and respect your work a lot. I subscribe to your channel y me gusta el merengue más que a ti !!!! ❤️ 🇵🇷 🇩🇴 In my 35+ yrs in finance field I'm always learning. I have learned from listening to you too. My learning strategy is to try to break things apart and then arrange each individual component by itself and independently analyze their limits and simulate scenarios. Learned that in 1993 when MBA Finance Prof was teaching us how you could synthetically can recreate any investment strategy using options as a derivative. Nothing is ever better in general terms but some things are optimal in varied circumstances. Think about IUL. Somewhere You correctly stated that it is a term insurance with an option strategy attached. My statement swims in the same pool as yours but may be less efficient due to options contract friction. Or my idea costs more. Now, maybe if both of the following are true: if insurance mortality costs of whole life are more efficient, and option contract friction is less efficient, then IUL all-in-one is better. If the opposite, then my 2 product strategy is better. That's how I looked at it. So go ahead, please prove me wrong so I can learn more !!! Don't stop educating others, you are doing good.

Im a Agent its not about manipulation from all agents. Depends on the age of the client Depends on the premium because at a certain age if they are paying a low premium theyre just paying for insurance that money isnt growing. Also Depends on how the agent wrote the illustration cause a agent can mess up a IUL.

@LIFE180

6 ай бұрын

What basis do you have for this? You could give me any illustration with any company and I will show you the manipulation in IUL illustrations and why they won't work for income. Create the best illustration you can and send it to chris@LIFE180.com if you are up to the challenge. Make sure you run it with income

@shawnmcintier6110

4 ай бұрын

I have seen clients take out thousands of dollars from their IUL and put in thousands of dollars. Also not all companies are the same. What year does an IUL contract become liquid?

I have both IUL and WL policies and I secretly hope that both products do well,I want them to compliment each other, not compete..I had an interesting conversation with an agent a few days ago. I told him why I signed up for both and did mention that IUL’s are fairly new ,prob 20-30 years old but WL has been around for 100’s of years and his question to me was..Do you use a cell phone?I said yes, he asked me why was I not using a landline phone and using a cellphone..telephones were first used by people around 1880, cell phones only became popular 20-30 years ago..Just like cellphone is an evolution to landlines..IUL is an evolution in the CV life insurance space..If you want to use an older product with less flexibility in exchange for guaranteed growth go ahead..Landlines have stable connection, have a long histroy and are reliable..Cell phones drop connections,some research says the signals can cause cancer but people still use them for convenience..some older people resist using a cell phone and continue using landline phones..you are free to do it but calling Cellphone users naive is funny.. WL = Landlines UL= regular Cell phone IUL = Smart phones CV life insurance policies will continue to evolve like any other product and future versions have to be better than older versions.. I am not an expert in the insurance space and don’t support one product over the other but I thought his analogy was interesting..I will stick to using both IUL’s and WL’s for now 😀

@cdre2445

Жыл бұрын

IULs are definelty more powerful as long as the policy was designed correctly. Your account/accumulated value should be at least 90% of your total premium. And you should have liquidity of at least 60% in Cash/Surrender Value. Be sure to look at your illustration or request one from your agent and if it’s not the. Your policy was not designed properly and will not perform as expected.

@kriskris5989

Жыл бұрын

@@cdre2445 i paid 25k in year 1, accumulated value is 23,090$ which is 92.36% of premium, Cash surrender value is 19,500$ which is 78% of the premium amount..year 2, total paid 50k..cash accumulated value is around 47k which is 94% of total premium paid, don’t remember the surrender value but it is slightly better than year 1

@LIFE180

11 ай бұрын

The problem with this agents analogy is this....life insurance is not a technology, it is a financial product. They used similar analogies to traditional UL when that came out in the 1980's. What happened to that? It wasn't good for the policy holders.... Stick with both IUL and WL if you want, that's your call :-). I look forward to having another person on the WL bandwagon when you get far enough down the line to realize what is what....

@LIFE180

11 ай бұрын

IUL's come apart when you start using them for income in retirement, that's the main problem. AND, I would argue that your description of how they need to be designed is too simplified and not accurate. There are many more layers to consider.

@kriskris5989

11 ай бұрын

@@LIFE180 good to know..As I said,I am not an insurance expert..I am simply experimenting with them as storage vehicles for excess cash..I watched 100’s of videos about IUL and WL agents bashing each other..this debate is like global warming..each expert have their opinion and facts to support their claim but an outsider like me can’t discern who is right so I chose to sign up for both..if one if horrible and the other is good..my win percentage is 50%..In the end I won’t regret because I will have equal amount of IUL and WL policies..all insurance products are long term play..I don’t want to look back 30-40 years from now and regret that I chose one over the other based on expert opinion..I am not expecting a lot from either of these products but I do believe that both products are better than storing money in a bank.

It seems as though if you choose IUL then you should be prepared for change in order to fulfill the commitment and win. But what do I know I’m trying to figure it out. Because you’re right, people make it seem simple and safe.

@LIFE180

9 ай бұрын

You hit the nail on the head. People talk about IUL being a simple solution, but it is still just a financial experiment....and I would say it is a failing financial experiment.

Great video

@LIFE180

Жыл бұрын

Thank you!

What about the laser fund with Doug Andrew’s

@LIFE180

8 ай бұрын

Search it. I have done a book review

@UltimateWealthPros

4 ай бұрын

Are you referring to the same Doug Andrews with like 60k lawsuits against him and what was it one of his sons that got his damn license taken away for shady and illegal business practices?? lol I mean this with all do respect but Doug Andrews is a complete liar, fraud, and buffoon!! Its crazy how one person can get in so much damn trouble and have such an awful reputation and yet so many people still blindly follow the guy!

On the IUL I can skip or change what I want to pay any more. You need to speak to all of the difference not just what plays to your bias opinion. You can’t skip or change the WL.

@LIFE180

4 ай бұрын

You can skip a payment...sure. You can do that with whole life too if you know what you are doing.... You can change the premium if you design it properly too and choose the right company. IUL is a tiny bit more flexible, sure. But in the end, that flexibility winds up leading to massive problems for most people that take advantage of it....that's just the statistics....

@shawnmcintier6110

4 ай бұрын

The same with the WL policy. The only way it works is depends on the CV. I know people that have taken thousands of dollars from their IUL and put it all back just to do it again. You should really give all the pros and cons of WL??

Which one to buy a house?

@LIFE180

Ай бұрын

WHOLE LIFE 💯

Thank you for another valuable video!! Is there ever a scenario where an IUL is good to have? I talk about your concepts with others and most everyone says IUL is a better fit than Whole Life for some clients.

I have an associate that told me she likes to put people into an IUL and then at age 65 move them into an annuity ... help me understand that ..?

@LIFE180

5 ай бұрын

How long has she been in the business? In order to have done that with clients and actually have proven success, she would need to have been doing this for 15+ years and even then, she would just be new....

@HumbleStudent-pt2qy

5 ай бұрын

She's been writing for about 2 years ... break it down ..?@@LIFE180I didnb't get into it with her and won't. I'm trying to figure it out. Not down with IUL's at the moment ... you a proponent of Infinite Banking ..?

Winning the money game requires one to know how money works. IUL was not created for death benefit. It was designed for living benefits. I am a recipient of accelerated living benefits due to chronic illness. WL was designed for death. That's why it is got a guarantee death benefit and a fixed interest rate determined by the company. IUL allows me to choose strategies based on the market indices. I disagree with you saying the company determines the interest rate. There is a 25 year historical evidence of 6%-11% interest rate.

An agent told me that with the index insurance I can pay for 20 years and don’t have to pay beyond that and still have the benefits of as in cash value and my policy benefits remains the same

@LIFE180

8 ай бұрын

That is not entirely accurate

@devonmccarthy7802

8 ай бұрын

@@LIFE180 could you elaborate please. I’m 37 years old no health issues. And my occupation is a screenwriter and animator. I don’t work for a company, I have my own.

@IUl.Solutions

8 ай бұрын

While the results will vary with the market results, We can actually give you results of the S&P for any time in history you would like to project. As long as your agent properly structures your IUL, you can pay for 20 years and be done.

@LIFE180

8 ай бұрын

@IUl.Solutions that is not the case at all. You can give any historical period of how the S&P performed. But you can NOT give how an uncapped index performs. No cap indexes have NOT been around that long. The performance of uncapped indexes have many other variables to take into consideration.

@LIFE180

8 ай бұрын

@devonmccarthy7802 I can. Email Chris@life180.com and I am happy to go deeper. I also have an entire IUL training Playlist. IUL is a highly complex product sold as a very simple and safe solution. Be very careful

Good job

@LIFE180

Жыл бұрын

Thanks!

What about using the fixed crediting option inside an IUL? If the policy has good loan provisions isn’t that just as good if not better than a WL policy?

@LIFE180

11 ай бұрын

No, it's not as good because the fixed option in UL doesn't help with the insurance costs, which in any UL product will increase every year. The costs run away from you in a IUL or UL when you use the fixed loan in retirement. That's why everyone illustrates the indexed/participating loan....

@johnwebb7163

11 ай бұрын

@@LIFE180 I am talking about the Fixed crediting strategy btw not the fixed loan option. But yeah, I hear you the cost goes up every year for ART insurance. I’m sure their is no real representation of that on the illustrations as well. I was thinking if you ran an illustration using a fixed rate crediting strategy IUL and compared it to a WL… use the same rate of return, and as many of the same input variables as possible. Would those differences in fees/ cost of insurance show up on the illustration?

@LIFE180

11 ай бұрын

@johnwebb7163 fixed crediting is the same deal. Do you know what an IUL is when you use the fixed crediting rate? It's a regular UL....that's it. If you do anything that has the policy (on a guaranteed basis, btw) perform worse than the illustrated rates, costs will run out of control in older years.

@johnwebb7163

11 ай бұрын

@@LIFE180 I did not know that UL was just a UL using a guaranteed crediting strategy. Thank you for teaching me this!!! So does the illustrations represent the fact that the cost of insurance is rising on the A.R.T. IUL and UL??? If not, that ridiculous. Its just another “lever” that the insurance company completely controls and uses for their own benefit.

@IUl.Solutions

8 ай бұрын

The way crediting works in an IUL, you can change your allocation after a downturn in the market and not be hurt. Most strategies will have a zero floor but you can beat zero with the fixed account.

Fee charge and life cost increase, will it damage my policy later further future !!!

@LIFE180

Жыл бұрын

It will most likely have a negative impact and put your policy at great risk when you are actually using it for income in retirement. If you fund the policy well and pay your premiums, you won't have an issue, most likely, if it is designed correctly UNTIL retirement. But that is the problem....

u literally didn’t list 1 difference or similarity of the two policies 😭 i came here to educate myself on how these policies are similar and didn’t. plz b more specific in ur titles and content i guess ? just some constructive criticism here. u are great but that was not informative @ all :/

@thebryanpereira

5 ай бұрын

He literally has a million videos going into the specifics of the differences on both lol

@bambuubody

5 ай бұрын

@@thebryanpereira ok , but my comment was pertaining to this video & the title.. 🥲

@edmondinc1

4 ай бұрын

Unfortunately there are several ways to do IUL incorrectly. I believe he knows every incorrect way but does NOT know the one correct way. And the best reason for IUL is for tax free living benefits (if properly structured) which I seriously doubt he knows how to do

@UltimateWealthPros

4 ай бұрын

@@edmondinc1 I think you would be very surprised at what all Chris knows bud.

@shawnmcintier6110

4 ай бұрын

WL has all of its own problems. Like it’s a fixed monthly payment for a fixed number of years. IUL doesn’t have that kind of restrictions.

What can you do with 100.000 IUL POLICY

@LIFE180

6 ай бұрын

$100,000 death benefit or surrender value?

@edmondinc1

3 ай бұрын

use for living benefits, borrow from it tax free but you need to max fund it as quickly as you can before it turns into a MEC

0:11 0:29

Great value as always Chris. I love consuming your non-biased iul content

@LIFE180

11 ай бұрын

Thanks! I just got home from a long work trip with lots of inspiration. MUCH more coming soon!

What do you think about Index Whole Life? It allows you to choose on annual basis and you can get, for lack of a better phrase, the best of best worlds.

@LIFE180

Жыл бұрын

It's better than whole life and depending on what company you are using for the strategy (there are several), I like it more with some an less with others. At the end of the day, personally, I'm just sticking with the traditional dividend payout.

@darrickharris5534

Жыл бұрын

@@LIFE180 which companies do you like for index whole life? I don’t know too many so the pickings are slim. Also, how do like it as it pertains to the contracts as you presented in this video?

@LIFE180

Жыл бұрын

@@darrickharris5534 email Chris@life180.com and we can talk more about details

@kriskris5989

10 ай бұрын

@@darrickharris5534 i have one from Guardian, it is a whole life policy but they have an Indexing Option too…One thing to be aware of is that they take the first 2% of Indexed return and give you the rest, so if the index does 6% ,you only get 4%..inorder for indexing option to make sense, the market has to do 8% or more inorder for you to be credited 6% or more

Not trying to sound negative or disrespectful, this was an incredibly poorly made, and jumbled video which lacked any appropriate articulation on clear and simple differences and understandings between the policies. Train of thought was not there. Appropriate outlining of the most basic policy of each type of policy was not there. If anything, just like most insurance agents, you left me more confused. Not bad, but you need to be more clear and simplify the understanding of policies and their structure to better educate someone on the topic.

🤔

@LIFE180

9 ай бұрын

What's the 🤔 about? Tell me more

Who cares what the differences are? We need to talk about what they have in common when it comes to life insurance and investments and what they have in common is that they are both crap! Keep your insurance and investments separate.

@LIFE180

8 ай бұрын

If you watch my content, you'll know I never talk about life insurance as an investment. Real estate is the investment, life insurance is a savings alternative. There is no risk. Bond like returns Muni like tax treatment Money market like liquidity If you think it is either / or compared to investing, that tells me you don't understand it.

@markf.2050

8 ай бұрын

@LIFE180 Life insurance is not an alternative to savings. It may be a place to store your money, but so is under the mattress, and you'll likely come out ahead if you chose the mattress. At least the mattress does not hit you with huge commissions and fees, and when you die, your money will still be there. I'm not advocating for storing your money under the mattress, but for many people who get sucked into buying life insurance with a cash value, after a few years they will wish they had placed it there. You may not talk about life insurance as an investment, but you use every other word to mislead your financially ignorant clients into thinking it will make them rich. So go on... Let's hear some more of those misleading talking points. If you think I'm financially ignorant, maybe you'll convince me.

@LIFE180

8 ай бұрын

@markf.2050 haha, nah, I'm good. It's obvious you have never looked at a properly designed policy. You have your heels dug in and aren't interested in learning. I have better things to do with my time and many videos that have factual proof that all the reasons you hate whole life are baseless.... It does make me curious about who ripped you off, what went wrong, or whatever else is causing you to be so illogical emotional about this when you are not even accurate about your facts....I really just feel bad for you. If you really want to learn, reach out privately and I'm happy to spend some time with you.

@jimmyntegeka9089

3 ай бұрын

@@LIFE180 does whole life have any disadvantages? Is it PERFECT?

What are the limits to WL? David McKnight has already proven you wrong many times.

@LIFE180

4 ай бұрын

How has he proven me wrong? lol David McKnight is a coward who refuses to debate me live - even when I offer to fly to him and pay for the entire thing.

@shawnmcintier6110

4 ай бұрын

Anyone that only talks about an upside and no downside they are not telling the truth.

You are confusing a lot and going in many directions

@LIFE180

4 ай бұрын

Explain how I am confusing and I will try to simplify.

U said thank you Elon Musk.. you disqualified

The explanation was horrible here. Waste of 14 minutes of my life..

@LIFE180

5 ай бұрын

Very productive comment 🙄 What about this was a waste? You sound like an IUL guy.

@jimmyntegeka9089

3 ай бұрын

@@LIFE180 Why is your focus on IULs? Is it a direct competitor to WL?

@LIFE180

3 ай бұрын

@@jimmyntegeka9089 my "focus" isn't on IUL. My focus is on educating people about cash value life insurance as a powerful asset. I focus on IUL for the same reason an NFL offense spends time studying their opposing defense. There are so many IUL agents out there misrepresenting what IUL is and how it works that it is dangerous for the clients, bad for the industry, and wildly misleading. Not to mention there are hundreds of thousands of agents that are uneducated in these MLM IMO's that don't understand fully what they are talking about. Someone just needs to get good information out there to protect people. I used to be a fan of IUL. I was the Dir of Biz Dev for the top IUL company in the country. I know too much about the internal workings to allow the shenanigans online to happen without a voice of reason. That said, yes, I love whole life. But I loved IUL first....I just had a massive wake up. It was a tough one... I am just hoping to make other peoples "wake up call" a softer experience than I had.