Thank you for your video. I wish all insurance advisors would listen to this kind of videos to help their clients :)

@nubianking1976t

2 жыл бұрын

I’m an agent. One should always work on their craft. Become more valuable to the market place.

You are so easy to follow. Thank you for sharing all of this information!!

@missedfortune

3 жыл бұрын

You are so welcome!

So I understand how this works: I pay $500 a month, a part pays for the insurance policy, part invests. The investment portion compounds over a number of years, similar as to what if I put this money into an ETF like the S&P500. When I want to take the money out - I have to take a loan against the cash value of the investment portion, and pay interest on that loan back to the company, even though it is technically my money? Or - is none of it my money, all of it now belongs to the Insurance Company, I only get to borrow against what I paid in? When I die, the insurance is portion is paid out. What happens to the cash value portion if I die and I did not take a loan against that? What kind of 'management' fees can we expect? Generally, we want to minimize fees. I am leery that there may be a lot of hidden fees.

@ilyfein9118

4 ай бұрын

in an iul, if you didnt loan anything out of it, if you pass you get the death benefit + cash value, only in whole life is when you dont get cash value

I wish I met you 12years ago. I am ashamed I passed by IUL back then. SMH. I will be getting your book. When I'm done reading it, I'm sure I will be contacting someone on your team. THANK YOU SO MUCH. MATADDA

@missedfortune

Жыл бұрын

Sounds good!

I listen to this to broaden my knowledge to help my clients

You opened my eyes up big time!!!

@missedfortune

3 жыл бұрын

Thank you!

My first time hearing of IUL. Got my attention. Thank you

@missedfortune

4 ай бұрын

You're welcome!

Golden bars , God bless you indeed

Well.. you are leaving out a bunch of key items here. $500 p/mo, there are at least 3 fee’s that come out before paying for the cost of the life insurance (which increases every year) and THEN some money goes to the “investment”. If you put in $500 and only a couple of hundred go into the actual “investment” the net return is absolutely not 7.5%. I always meet with IUL agents trying to convince me about this, but the math NEVER adds up. “structured properly” doesn’t happen at $500

@elninosabe

Жыл бұрын

Why does he only reply to potential leads and not when they challenge his theories

@dlightningz6775

7 ай бұрын

Maybe because hes been in business for 50 years and responding to every single person thst has something negative to say or that are questioning his every move would never let him get anywhere. Imagine if someone else's success was determined by you. Hahahaha ​@elninosabe

Make public your IUL policies from 1997 to now so we can all see the returns. I want exact contributions, fees, payments, loans, drawdowns, etc. Everything...

@elninosabe

Жыл бұрын

Exactly , they paint the picture pretty but we need the whole story please

I live in Australia.. we don't do this in this country as it was abolished some years ago and superannuation came in and you can only access your super for investing in realestate when you manage your super yourself which is not bad but you can't use the money as its only for your retirement. Can you think of how I could invest in the IUL from this side of the world as this is an amazing thing. Thank you Doug.

To my knowledge last time o checked about 2 years ago... the minimum is $45/mo. Of course this can change based on age, health, goals, etc... hope this was a real answer for some of you

Thank you! The information is yielding fruits my mentor

I want to create this for my business to be able to take loans out for myself. How would that look? How much does it require to create, and how soon can I start taking loans out if I put like 300/400 in a month?

@wolfeandcolife7639

2 жыл бұрын

Feel free to reach out, id be happy to help you!

@mrzotzot68

2 жыл бұрын

Minimize your death benefit at that rate you'll want it to sit for a while so when u take a loan it is against a larger policy. If u make a large deposit ityll make the process faster.

Another huge value added video Doug! Question though.... what happens if you don’t pay the full GSP within the life of the policy?

@missedfortune

3 жыл бұрын

You should structure the policy to hit the GSP by as early as the 5th year. If you never hit your GSP, your expenses/fees on your policy will be much higher than they needed to be.

@SysApproach

3 жыл бұрын

What is GSP?

@adriennekennedy7013

3 жыл бұрын

This is awesome. How do we structure a safe policy?

@finanzastv888

2 жыл бұрын

@@SysApproach Guideline Single Premium. Reach out to me if you have further questions.

I am 57 years old. Please tell me the minimum I have to pay monthly to be approved to have an IUL, considering I will retire at age 65 I need that number. Thanks

What companies you recommend for people to use for IUL?

@missedfortune

3 жыл бұрын

There are lots of great companies out there. Remember though, the most important key to success with an IUL is to make sure it is structured correctly and then max-funded. Once you know you have that correct, then tweaking results with the right company and product is the next step. I will for sure miss some if I try and list them here, but here are a few: Pacific Life, Nationwide, National Life, Allianz, Minnesota Life, Transamerica, Penn Mutual, etc. Talk to a specialist and they would be able to verify or even give you a few more.

When paying a premium, how much % goes to the policy and how much goes to the cash value???

Mr. Andrew, thank myou so much for the video, you just open my eyes to a whole different world. On another note, would it be possible for you to make a video about Kay-Zen insurance and name the difference from a regular IUL, pros and cons if possible?? Thank you so much in advance.

I already have an IUL but I want to lower the monthly payment for some months. I need that number please

Love this

@missedfortune

4 ай бұрын

Thank you!

Which Indexed Universal Life is the best or most recommended?

@missedfortune

3 жыл бұрын

There are many great companies out there. Each company designs their policy to attract a certain demographic. So depending on your age, funding strategy, and usage strategy would need to be known to give you a more specific recommendation. This is not a comprehensive list nor necessarily the carrier you should use, but here are a few: Pacific Life, Nationwide, National Life, Allianz, Transamerica...

@nicolettechik3243

3 жыл бұрын

@@missedfortune ​ @Doug Andrew - 3 Dimensional Wealth ok, thanks for the reply. I will definitely do some research. Thanks for doing these videos and imparting your wisdom and knowledge.

Where can i sign up for this program. Give me the instructions how i can start.

@missedfortune

4 ай бұрын

You can schedule an appointment with an IUL Specialist by visiting www.3dimensionalwealth.com/getstarted.

Thank you for the videos. Don't buy the additional mini course etc etc they ask you to buy when getting free book. They are useless. These videos have more information than the mini course they sell you for $30.

if you pay $45 a month, how much money do you have at retirement time? (starting at age 40 until retirement...

@danielleon5074

3 жыл бұрын

It wouldn’t be worth it to fund with such a minimal amount. These policies need to be funded appropriately to have substantial accumulation.

@missedfortune

3 жыл бұрын

kzread.info/dash/bejne/eKd8k8-Ee5und8Y.html

@kristomb3559

2 жыл бұрын

At $45 a month the IUL would be more like a traditional whole life policy. To use it for tax free retirement planning, you need to fund it like any other retirement vehicle. $500 a month mimics the maximum amount that you can put into a ROTH, so that's the recommended minimum funding amount for an IUL, but with the IUL you don't have funding limits so you can literally create as many dollars as you want for pennies on the dollar.

What if I have 500 eventually I want to have a million dollar cash value and so I will eventually put lump sums but just not at the start what do I do. Is it just have increasing death benefit on make sure it’s not mec and know what the 7 pay period resets when influx of cash is introduced?? Please give a nugget 💯

So if I understand you correctly are you saying that if we are contributing to the policy monthly what ever we deposit can fluctuate each month whether its $500,$1000,$2000?

Hey Doug, I’m a 19 year old active duty member with an insurance license i got about a year ago. I’m in the works of setting up a policy for myself through my mentor of a $1 million death benefit to structure an IUL that contains a maximum monthly payment of $1079, a target premium of about $420 (which is affordable now) and a minimum of about $330 i think it was. Considering some policies I’m working on and the commissions thereafter, I’m definitely planning on pumping the maximum premium allowable into this policy at my age to best benefit from the long term growth. Was wondering if this was the best option for my age and current financial situation.

@missedfortune

3 жыл бұрын

As long as you average putting in the maximum, this should be awesome! You may also want to check out my mastermind group that I am putting together with training, tools and resources: iulinsiderpro.com/training-registration

@codymccormick1035

2 жыл бұрын

How’s it all Going? Just curious!

@Seccheus

2 жыл бұрын

No! Plan B, Lowest death benefit.... Then Plan A when you want to stop making the premium payments and start taking out tax free loans...

Nice

So my question is I am poor but don't want my kids to be when I am gone I'm talking 50 a month can that do anything?

At 500 a month you hit a million in 30yr so if I put 500wk in that's over 4xs as much. Could i expect to be worth 1 million in less than 10yr if I continue to contribute 500wk for 10yrs

yes

Can I use any insurance company to invest what would you advise?

Doug, I am going to retire in 7 to 10 years. I just turned 60. I have $350 K in my 401 K with little debt except my house which has about $100 K in equity. I don’t want to sell my house because I love it. Will a universal policy IUL be good for me at this point?

@missedfortune

Жыл бұрын

You will need to look at the numbers and see if it is a fit for you. You can go through the numbers with an IUL Specialist we work with. Theyll show you applicable numbers of whats realistic and what it would look like for you. No obligation to do anything or pay any fees. If you want to schedule that, you can do so here: 3dimensionalwealth.com/getstarted

Good day sir. Thank God I came across you. So much to learn and it’s time to put in the action. How do I get started. I want to be a millionaire in 10 years.

@missedfortune

2 жыл бұрын

Hello! Our team of IUL Specialists we work with can take a look at your situation and give you some options. To speak with one of them, select a time here: www.3dimensionalwealth.com/getstarted

Hi Doug, I was wondering if its possible to have a IUL policy where the minimum is 500 a month, and the maximum is 5000 a month, I am not really that interested in the death benefit, I am only concerned with living benefit. I am ok with funding a total of 500k-600k in 10 years. A few insurance agents I spoke to said its not possible to have a policy be max funded at that amount a month because the death benefit would need to be higher than 3.5 million, and the problem with that is I don't think I would qualify for a death benefit of that amount and also from my understanding if I have a death benefit of that amount the cost of insurance would be high disabling me from having a 500 minimum a month. If you can point me in the right direction of what you think I should do I would appreciate it. P.S I need around a 500 minimum because the nature of my business might interfere with my ability to max fund the policy in some months

@andrewmankarios2431

3 жыл бұрын

I would like to invest the around 300k in the first 5 years

@missedfortune

3 жыл бұрын

It can be done! I have seen it done many times. You have to know how to structure it correctly is all. If you need to be introduced to a specialist, just go here: 3dimensionalwealth.com/getstarted/

@missedfortune

3 жыл бұрын

Just as a note, you would need to use an option B switching to an option A and set your maximum monthly to the GLP/TAMRA corridor.

@MinerGeeks

3 жыл бұрын

Hey Andrew! I specialize in this new strategy of IUL that has the bank finance your premiums with you! From reading your comment, I can tell you are serious about creating a large amount of tax-free income in retirement. This strategy is called "Premium Finance" and I'm sure this is exactly what you're looking for but nobody has shown it to you just yet. So this strategy has you contributing and the bank will match your premiums so let's say you contribute $60,000 a year for five years to reach your 300k mark. The bank will match that so in total you will be contributing 120k each year into this policy. After 5 years, the cash value gains will supplement your premiums and it will run on auto-pilot afterward. I'd love the chance to run you an illustration and get in touch with you so we can get you the most out of your investment!

Thanks for your video. Question, when and can I borrow from a 500,000 policy from start to the end? And how much can I borrow?

Insurance Ltnk Policies

Hey Doug-how is the amount of LIFE INS firgured out in the IRS equation? Is there a minimum Life INS I need?, Then the logarithm is done or is the amount of life insurance in the IRS logarithm?

@missedfortune

Жыл бұрын

Simply put, we want to put in the most amount of cash with the least amount of death benefit. This minimizes costs and maximizes performance from the policy. So the starting point is actually how much can we put in. From there, we determine how much insurance that buys. Then we can adjust if more or is needed. So we start at the minimum amount and work up as needed by the client.

I have been searching the internet for months trying to find people that have actually invested in an iul and are using it for retirement. Is there anyone out there? There are a lot of people trying to sell how great it is but where are the actual customers? And what's their scenario?

@missedfortune

Жыл бұрын

Many of our clients are retirement age. Here is a playlist of case studies showcasing a few of them: kzread.info/head/PLF8af6gsBLfnuEQPmmm-YUM2fsk1wp4Nj

an roi in that range is very good.

hi. great video. is this like a whole life? or does this generate more profits?

Ok so if I start with $0 lump, but deposit $360 per month for 10 years? 20 years? What will my cash value be?

@missedfortune

2 жыл бұрын

You can have the numbers run with an IUL Specialist we work with by selecting a time here: www.3dimensionalwealth.com/getstarted

Can I do a 1035 exchange if I have a loan balance ?Are the fees for 1035 flat or based upon amount in policy?

@missedfortune

3 жыл бұрын

There are certain companies that accept policy loan transfers when doing a 1035 exchange. It is imperative that you have that loan transferred over to you new policy or pay it back before the 1035. If not, you could inadvertently cause a taxable event.

Doug, I'm retired and want to simply deposit pre-taxed money into a fund that will return a minimum of 8%. It sounds like this >>may

@missedfortune

3 жыл бұрын

Hi Craig - If you would like you can you can schedule some time with an IUL specialist who can answer more of your questions and even run some examples for you: 3dimensionalwealth.com/getstarted/

What are the average losses of an IUL during these crazy times?

@kristomb3559

2 жыл бұрын

0 losses, that's one of the benefits of the IUL, you're protected from market losses.

@damacs9

Жыл бұрын

What are the fees like ? Does it eat into the cash value ?

Do you think these vehicles are still worth it if the money you add every year needs to come from a taxable account where investments need to be sold and capital gains need to be paid in order to fund it?

@missedfortune

3 жыл бұрын

That would need to be handled one on one. There are scenarios where it would be a great strategy and other scenarios where you shouldn't. Everyone's situation is unique and you have to be able to analyze and optimize all of the assets. Too many times, people get stuck with the same thing for everyone. I have said this many times and will continue to say it. Financial success has much more to do with your financial strategy and not a specific financial product. Clubs vs Swing. For the long-term I will pick swing every time.

Can I have the book ship to Canada?

Hi Doug I came across your video couple days ago. Several years ago... I always heard about life insurance but I never heard of an iul how can I get on board I did a Google search and this is the top company that came up.. North Western mutual what you think please point me in the right direction. I am 48+ Thank you.

What is the minimum amount time that a IUL policy matures and can pay out?

@missedfortune

3 жыл бұрын

When structured correctly, you can plan to even start accessing in year one. Generally speaking, I would max-fund the policy first and then start accessing money.

You look like the older version of phill dunfy

what is the max amount

@missedfortune

4 жыл бұрын

There is really no maximum. You have the flexibility of setting your own maximum! All of these plans should and can be custom designed for the individual.

Hi Doug, thank you for these information it is greatly appreciated. Was able to breathe easily that I made the right decision to get an insurance policy with an IUL investment attached to it. This is confirmation enough I am on the right path to a decent retirement. Now my goal is to increase my monthly payments gradually until I reach the maximum. Is it advisable to put in one time big payments say when I get my bonus?

@missedfortune

3 жыл бұрын

In general (not sure about your specific circumstance), if you have room in your IUL for more money, it's a great idea to get that in as quickly as is comfortable to you, annually will be a little more efficient than monthly. Good luck!

I need 1...

@missedfortune

Жыл бұрын

Hey there, you can setup a time to speak directly to an IUL Professional we work with here: www.3dimensionalwealth.com/getstarted

Is a tax-free IUL available in the UK?

Can I do this at 60 yrs old

What about someone like me at age of 65 with no retirement plans.

Can I do it for my grandchildren?

@missedfortune

Жыл бұрын

Yes, you can start one for your grandchildren. You can setup a time to speak directly to an IUL Professional we work with here: www.3dimensionalwealth.com/getstarted

talked with your IUL specialist and the 500K IUL is $750/month-- is the death benefit flexible to change? if i later wanted a $1M .

@missedfortune

3 жыл бұрын

It is best to add a new account later when you are ready for it rather than up front trying to make the initial one twice as big.

@audreyl704

3 жыл бұрын

@@missedfortune yes sounds like I will plan on that... My sister and I can't do $1m now but might be able to future.

I have been trying to find someone who does this IUL to make my own bank. Anyway you can help, I can not find anyone.

@missedfortune

2 жыл бұрын

Hey @David Ryan, our team of IUL Specialists we work with can take a look and give you some options. To speak with one of them, select a time here: www.3dimensionalwealth.com/getstarted

@davidryan6819

2 жыл бұрын

@@missedfortune OMG thank you so much

If I invest per month when can I use the money?

@aliitoanansen4537

2 жыл бұрын

It depends on which company and or how much you’re putting in and if there’s any cash value available.

I’m 54. Is it too late to benefit?

@missedfortune

10 ай бұрын

No, you can setup a time to speak directly to an IUL Professional we work with here: www.3dimensionalwealth.com/getstarted They can show you the possibilities.

Mr. Andrews you never answered the question in your utube title. Camouflaging the answer to your title concerns me. Can you please answer the question? Please don’t give up.

@missedfortune

3 жыл бұрын

It's at 3:55, thank you for watching! kzread.info/dash/bejne/eKd8k8-Ee5und8Y.html

@missedfortune

3 жыл бұрын

There is no hard cap minimum. If you would like you can schedule some time with an IUL specialist who can answer more of your questions and even run some examples for you: 3dimensionalwealth.com/getstarted/

I don't have 35 yrs, I may have twenty if I'm lucky.

I think you just sold me.

@missedfortune

2 жыл бұрын

Glad this helped! If you would like you can schedule some time with an IUL specialist who can answer more of your questions and even run some examples for you: 3dimensionalwealth.com/getstarted/

So, min is $500.00 month...thank you

@aliitoanansen4537

2 жыл бұрын

No…it depends on how it’s structured. You may want to go smaller on the face value then over fund it.

who's with transamerica 👀

Use your money and buy a good microphone. The volume is to low

Why is this guys still allowed to speak all this garbage!!! This is seriously not how it works, after fees you’re looking at minimum cap rate of 4%. Why don’t you speak of the ART that is in the policy that makes your policy go up to 900 per month at age 59 horrible idea

Rip off

Nice