I’m an insurance agent since years and it is the first time I understand this important topic ! I love your channel ! Thank you so much !

@missedfortune

2 жыл бұрын

Thanks Johanna - if you're looking to do this for others, we have an exciting community we're building if you want to take a look: iulinsiderpro.com/training-registration

@artkesh7452

2 жыл бұрын

@@missedfortune I wish I had known about this event, would there be a recorded video we can watch ?

Thank you for being bold and teaching these concepts.

Thanks Doug, that's Fantastic clarification

@missedfortune

3 жыл бұрын

Very welcome

@everlindadionio3514

3 жыл бұрын

@@missedfortune when will your agent training start and where can I get more details.

Thanks for the information. Nice to see the flexibility in IUL policies allowing anyone to be able to participate and benefit regardless of where they are in life with options A and B.

@missedfortune

Жыл бұрын

Exactly

Love your content. Im becoming an IUL King learning from you🏆👑🏆

@missedfortune

2 жыл бұрын

Glad to hear it!

Wow! This was an awesome breakdown! I just had a scenario that fit this example perfectly for a client and her kids. Thank you for the nuggets Mr Andrew! 🙏

@missedfortune

3 жыл бұрын

Glad it was helpful!

Reinforcing my knowledge... Thank you Doug

@missedfortune

3 жыл бұрын

Glad it helped!

Wow... now I understand this!

Wow, this was awesome info. I just received your book yesterday. I've had my IUL for 5 years, I'll be putting my 401k in it and switching to option A.

@missedfortune

3 жыл бұрын

Awesome! Thank you for watching and enjoy the book!

@robmartin217

Жыл бұрын

How has your IUL been for you?....

From my understanding working with insurance companies if you want to switch to option B from option A they make you go through underwriting and reserve the right not to switch. With your client who was diagnosed with a terminal illness how was he allowed to switch to option B? I assume not all companies operate that way?

Hello Doug, you mention in many of your videos the 5 or so companies you are comfortable using, how can we find out what companies those are? Also, thank you for the Laser Fund book...I'm reading it now.

@missedfortune

3 жыл бұрын

If you are interested in learning more, please look at my new training and tools: www.iulinsiderpro.com/training-registration

Thank you 😊

@missedfortune

2 жыл бұрын

You're welcome 😊

I would have to say most people dont have 500 thousand to invest in 5 years. How would things play out if a 40 yr old had 600 a month to invest? What would his situation look like at age 64? Would his money be making enough to cover the death benefit premium?

Thank you for this video. Have you send Curtis Ray MPI option B strategy? Do you rec. his plan? What are the good and bad in his plan?

@missedfortune

3 жыл бұрын

I have not done s satisfactory deep dive on the strategy he is pursuing.

Doug, my understanding is that option "B" is policy cash value + death benefit payable to policy beneficiary?....

@missedfortune

Жыл бұрын

That is correct. The statements will show a net death benefit which sums it up for you at the time of that particular statement.

Doug can you touch on what happens to someones Later fund if they decide to leave the country and renounce their citizenship ?

What if you are under 50? Can you put more in faster?

so i can only put in max 1st year only 20% of max funded 500k.is it possible to put in ,example 500k max funded,450k 1st year,10k the next 4 years. or what is a maximum per year I'm allowed to put in 1st year.

@missedfortune

3 жыл бұрын

Great question. Unless you have a possible 1035 exchange from on older policy, the maximum per year is around 20% of your overall max funded number (GSP).

@jaws7794

3 жыл бұрын

@@missedfortune thanks,I wish I could put in at least 60% 1st year..but thats ok,still great opportunity to self insure,with living benefits.

2-20-2023

Great video. To clarify the design for retirement income, you start off the IUL with Option B (increasing DB) the first 5 years of max funding, then immediately switch to Option A (and at the same time reduce your death benefit coverage) in year 6 when you stop funding? Or do you start off with Option A right off the bat in year 1 of this max funding strategy?

@missedfortune

3 жыл бұрын

This all depends on the funding. It is a lengthy answer, and if you are a professional and really want to become an expert, look into my training and mentoring program: iulinsiders.com/

I was told that since I am 23 years old, it would be best to get option B to cover my actual insurance needs until I get to a point that my cash value is sufficient to "self-insure," at which point I can switch to option A and eliminate those higher fees. Thoughts?

@jordanperrault5039

2 жыл бұрын

Yes

@Damari90

2 жыл бұрын

@@jordanperrault5039 at which point is he able to switch to option A?

@jordanperrault5039

2 жыл бұрын

@@Damari90 he can switch any point that he wants but say he's $100,000 increasing death benefit then he will want to make sure that he has roughly 80 grand in the cash value before he switches back to level

@Damari90

2 жыл бұрын

@@jordanperrault5039 got it so it’s best to start with a minimum death benefit and max cash fund on the policy

@jordanperrault5039

2 жыл бұрын

@@Damari90 absolutely. Then if need to cover any extra death benefit then you go get yourself a term policy to make up the difference

good breakdown, hey doug if policy was started with option B, at what point during the funding process do you recommend generally switching to option A???

Thanks for sharing this, because now I truly understand how the option B works as well as Option A, they are both good examples depending on what your goals are. One question, can you set up two IULs individual policies are, are you only allowed one at a time? I have set up one policy with Curtis Ray MPI with the option B, but was wondering if I could set up the LASER fund with an Option A like you are describing too?

@missedfortune

3 жыл бұрын

Yes, I have seen many people establish many policies at the same time.

Hey Doug, if funding the IUL from income over 25 years, does option B have to be the option or would it make sense to go with Option A? The purpose of the IUL is for tax free retirement income. Thanks!

@missedfortune

3 жыл бұрын

Generally, I would look at an option B scenario that switches to an option A scenario in the optimum year.

Dang, what a video!!! Thank you sir. I will be taking my Health and Life soon. This is a great help. Edit: Yes, I have subscribed.

@missedfortune

3 жыл бұрын

Great to hear! You may be interested in the IUL Insiders group, we have an exciting community we're building: iulinsiderpro.com/training-registration

Well my concern is, in option A, if somebody dies whatever money he has generated in cash value his family will not get it except for the death benefit. No matter how well his cash value has performed his family will only get the death amount so how can this option A be the best choice ?

@kimberlymahiai3904

Жыл бұрын

Great question!

@deepa6789

Жыл бұрын

@@kimberlymahiai3904 ya but never got the answer for this !

Hi Doug, are you currently licensed?

How can I get this in Canada. Your page is designed to clients in USA only

@missedfortune

3 жыл бұрын

I am not aware of any company in Canada that is offering an IUL. I will look into it though and let you know if I find one. I do know there is a program available with some US insurance companies that will look at allowing you to purchase this as a foreigner, but they usually have fairly high net worth requirements.

I'm currently an agent myself and I love your videos

@missedfortune

3 ай бұрын

Thank you!

Your cash isn’t added on top of that 🤦🏼‍♂️ Jesus