To apply for a policy review, visit: leveragedwm.com/iul-review Questions? Contact me by going to my website: leveragedwm.com/contact-us Is My IUL Any Good: ua-cam.com/video/IY02UVqmP0w/v-deo.html Was My Indexed Universal Life (IUL) Designed For Tax Free Retirement Income: ua-cam.com/video/DSoPclv6IYk/v-deo.html
The IUL community needs to come together and weed out the Bad agents and Bad policies as well as those companies that have a highest cost of insurance and fees.
One thing that you must consider with any universal life policy, such as an IUL, is that the cost of insurance goes up every year based on your age. So, it is like an annually renewable term, which gets very expensive later on in life. And, the cost of insurance is not guaranteed. Also, the fixed rate can change as he mentioned. But, whole life does have a fixed rate, which is guaranteed. Yes, the dividend rate is not guaranteed but most mutual companies consistently have paid very good dividends even with market downturns and low interest rates. And, you never base any cash value accumulation on an average rate, as that is unrealistic. If there is a market downturn, yes your floor may be zero. But, they will still take out their fees and cost of insurance, all of which can go up as much as the insurance company wants.
What exactly is your point? That whole life is better? Those things you mention have been considered. Whole life is not designed to beat universal life. Is whole life cost of insurance guaranteed? Can you prove it by showing the fees?
@@CashValueLifeInsuranceReviews Yes, WL COI is guaranteed not to exceed the contract premium. The Allianz policy in your illustration could very easily blow up (lapse) prior to the death of the insured, whereas the Penn policy will not. Other than true guaranteed UL consistently funded to maintain the guarantee, I do not believe that UL policies are good permanent policies because of their substantial increases in COI in later years. Whole life is designed to eliminate this problem.
1. 1st illustration was a MEC. This will have tax and penalty implications when withdrawing money. Lose the tax-free benefit if taking income. 1st illustration also has a premium outlay ~3200 when you’re withdrawing money. 2. Penn, Mass, and Allianz were done on nonguaranteed values - so unfair comparison to first 3. Looks like the policies are adequately funded so lapse may not be a problem but would be interesting to see the guaranteed values from the 4 policies for comparison. If designed correctly IUL could have good growth when market returns are good and will not lapse. What I commonly see are IULs where only mínimums are paid. Cost of yearly term insurance gets high and the policy lapse before life expectancy.
As I understand IUL, it still has the annually renewable term component which, as the insured ages causes the COI to consume the gains. I often do a Life Settlement for clients who bought IUL's because the policy is about to cave in on itself unless they ante up a lot more premium.
The scenario you are referring to is most definitely a policy that is not structured properly. The design of the policy is the most important thing! To see if your policy is structured correctly, visit: leveragedwm.com/iul-review
What I'm understanding is that as your cash value goes up your term coverage should be lowered. The more cash you have the less life insurance you will need.
Great video. I appreciate the comparison of the two instead of bashing one or the other. My concern about using IUL for income though, even if you opt to select the fixed interest rate, is the rising cost of insurance later in the policy because of the ART. Couldn't this potentially put the policy at risk of lapsing, especially since income is being pulled from it at the same time the costs are going up? If you have a video on this, please share. Thanks!
Good video. But it should have been pretty trivial to run an apples to apples comparison on the MassMutual illustration. Not sure why the software gave you so much trouble.
would be great if you would do a review on the Allianz Pro + Elite. You seem to favor it and the NA Builder Plus in most of your 'positive' illustration examples.
Historically, you mean 24 years vs. 100+ years of other policies? I noticed the history total was 24 years, thats why i was wandering if this IUL policies have enought history to really perform as they say. Could you elaborate on the moving parts of an IUL such as Cap rates, Participating rate, the spread change, General fund %, rate of return, options budget and call options, cost and how this inside moving parts work? Thank you.
With the same input, I noticed the allianz policy is assuming 4.75% return for all years, may i ask what is your assumption on the rate of return on the Penn WL illustration? I am thinking if we force these two policies to have the same return of 4.7%, essentially, we are comparing their cost without considering the upside of index strategy without risk of losing money that IUL offers. Likewise, with everything gurantee in whole life, it definitely worth sth too.... So, the real question become "do you prefer potential upside or everything gurantee"? that is the real question, am I right? does IUL and whole life contract provide the maximum charge they can charge on the Cost side (cost of insurance and others)?
Thanks for watching! We are happy to help navigate this process with you. Feel free to grab some time with us using this link: calendly.com/leveragedwealth/lwm-yt
Hi, can we connect? I really appreciate your content. I’m a LI agent myself, and I think you are providing a lot of value and I’m in agreement about many points you make.
Whole life charge you a loan interest rate of average between 5-8% while indexed universal life charger less than 1% the first 10 years and 0% after 10 years. It’s called a wash loan
The main arguments I hear is rhe certainty with dividends and interest that gives you immediate access to the cash value to borrow from. An IUL doesn't have dividends or the same guarantees and stability that comes with Participating Whole Life. That's where the risk comes in. It was invited in the 1990s so it really hasn't been enough time to verify whether or not it's consistent as there are many IULs that collapse. It's understandable that they are not set up correctly however it hasn't been enough evidence to show that what is shown in the illustration actually occurs with the policy in real life as I myself have yet to see one that has performed as they were purposed. At this moment I prefer the Participating WL because of it's proven reliability and consistency. Hopefully I'll see IUL perform as they are presented so that I can gain more confidence in them.
IUL's have certainly "performed as proposed". I am not sure where you are getting that from. If you want to accept negative arbitrage every year you loan out dollars, be my guest! Thanks for watching!
It’s subjective to the size of the death benefit. For example, if you have a policy for 100k in death benefit it may have a 10k/yr max payment vs a 200k policy will have a 20k/yr max payment. Those are random numbers but hopefully that helps
Good video, what you failed to mention is any universal life policy has the cost of insurance go up every year as you get older, so you need to make sure it’s properly funded so it doesn’t lapse. Whole life cost of insurance is upfront and depletes over time.
Also during income, depending on the company, whole life can distribute money with non-direct recognition which will allow you to create a much larger income stream than an IUL fixed account.
Would you be able to settle all of the attacks IUL gets on imploding or not performing as illustrated by showing a client that's had an IUL for the last 20 years and the performance of it?
If structured and funded properly by an advisor that knows what he/she is doing and has the client's interests in mind, the implosion/underperforming attacks are basically moot.
@@jeromevictory6945 ok you are probably piling in a lot of cash into it. With Whole Life if you contributing an average amount you cannot accumulate a high cash value because your interest earned potential is not very high.
My friend introduce me The IUL product from American National which is best because they have uncap option with 0% floor. What do you think about this IUL compared to other companies? Thank you very much.
Why do you illustrate a 1035 exchange in year one, when such exchanges are relatively uncommon with life insurance policies? I would think that the more typical example without such a Year 1 dump in would be more typical of what most people would do. Also, the issue with IUL is not the lack of a fixed rate option. Rather, the big issue with IUL and other UL products is the increasing cost of insurance (COI). Whole life has a relatively level COI, whereas IUL COI is always increasing, and becomes extremely high after about age 60. This can cause the policy to collapse, unless the death benefit is reduced to the absolute minimum at such time that many people would appreciate keeping the death benefit. It is difficult for IUL to make sense at older ages. In point of fact, IUL using the fixed rate is not just like whole life. IUL shifts more risk to the policyholder in exchange for the POSSIBILITY of greater growth, plus IUL generally pays the producer a much higher commission. Caveat emptor. Warren Barnes, CPA (licensed in MA and VT)
Great video. I’m research the topic currently to make a decision for myself between WL and IUL. One difference I see between The Penn policy and the Aliance policy is the death benefit. For instance, at age 93 in both policies, the WL appears to be almost double that of the IUL. $657k vs $381k. At age 93 it’s likely going to be more important to have DB for the same amount of money. Am I missing something?
Without seeing the policies? The numbers I quoted are from your video? Go to the 4:36 mark for the Penn Mutual policy at 93 years old the death benefit is $657,291. Go to the 6:28 mark for the Allianz Pro+ Elite policy at 93 years old the death benefit is $381,326. I was just wondering what accounts for the difference if the income taken from the policies are the same or roughly the same? Thanks for the response!
@@Htownrebb I see. I thought you were looking at your own policies. The Penn policy doesn't amortize to age 120 as easily as an IUL would and they are using different rates. That's not really the point of the video since I was using the straight fixed account in the IUL.
Did you end up with a policy review? I currently also have a TransAmerica IUL, but with the growth of the cash value not being much after 6 years (even though I paid premiums for 13 months using the cash value), it's felt as if more of my premium has gone to fees than to the growth of the cash value.
@@deadman80808 I didn't get it reviewed. Doesn't the first 3 years go to fees and commissions and then build cash value? I'm not over funding it yet so I wouldn't expect it to grow
I spoke with a guy from primerica last night. Tried to recruit me and said what I'm doing with my current brokerage is wrong. I'm a baby in the insurance industry, and he was poking holes in everything I've been taught so far. He said whole life and index life are wrong because customers are paying for 2 things, CV and death benefit, but if they were to pass away, they only get 1. Death benefit. He then asked me a question and said, If i went to the store and bought eggs and milk, only to come home and find milk.. how would i feel , and if I would feel uncomfortable selling it to my family 😂😂 Is there a reason that CV is absolved by the company if someone passes away?
Everyone's situation is unquie - the companies we recommend depend on goals/state of residence/strategy. If you'd like to see options specifically for you, our team would be happy to do that. You can follow the process here: www.leveragedwm.com/iul-review
The argument I always see is that whole life say guaranteed and IUL don't even though we see that the IUL say we going to get that rate minimum. It's still not guaranteed.. But Ohhh, I guess it says that because the IUL can do better and WL can't do better than that fixed rate... Wow.@@CashValueLifeInsuranceReviews
@@MegaYoungday Whole life illustrations show both "guaranteed" and "non-guaranteed" rates. The non-guaranteed returns from both whole life and IUL are what Matt is comparing here. The "guaranteed" return on whole life is usually less than 2%, so it's rarely a factor in reality. Whole Life overcharges premium on the front end to ensure the "guarantees", that's why it's the most expensive form of insurance. If there is money leftover, and whole life company is a mutual company, the overpayment is returned as dividends (non guaranteed rate).
One of the common arguments is that you pay more for the actual cost of insurance with IUL and it can eventually “cannibalize” the policy. So even if they can promise a return of positive or 0 the fees and cost gets worse over time
I have seen illustrations showing lapsing like this when the policies are built poorly and minimally funded. If designed for max cash value and they are funded reasonably close to the premium, they won't even come close to lapsing, even if 0% returns every year.
48k first year, then 12k/year until 7th and beyond? Lol, this is a joke Whole Life policy. IULs pay out the highest interest to agents, whereas WL, the lowest. Bad policy design.
Depends on the company, but usually the first 10 years they charge a less than 1% loan and after it’s 0% wash loan. You can pay back the loan or not and they will deduct it from your goal death benefit when you pass away
ua-cam.com/video/IUWtlOsdDBc/v-deo.html - While the lifetime income is almost the same between Penn and the IUL, there is a huge difference in terms of the DB 50 years into the policy. Say if the insured dies 50 years into the policy, his beneficiary will inherit $657 in DB from the Penn policy vs only $381K from the IUL.
You’re done doing an apple to apple comparison: you need to state whether the interest rates are guaranteed or not. As you said, people invest in these products as safe savings like bonds. Any comparison should be done based on the guaranteed rate of return. Anything else (dividends, bonus interest rate based on market performance is speculation).
Or put it in a Roth. $1,300,000 after 22 years with a 10% return. And if you put it in something safe getting 4% at retirement you would have $52,000 a year. Insurance for retirement is a scam.
You can get 10 per cent every year in a ROTH with no risk of downturn? And even if you could you can on only 6000 a year in a ROTH so how could you build it up so quickly
@@TrueNovice You are seriously brainwash by IUL, the reason why there's no downturn is because you're earning only 6% 🤣🤣 how much you put in there? Huh? They can pay you that already then they reinvest your money and make 10x that for themselves like the bank. You're really that clueless? If the market drop, within 1 year it's gonna go up over even higher and surpass your 6% every year. I made 80% on Tesla already, 40% on Apple in 3 months. Its gonna take you 3-5 years 🤣🤣 you are not making 20% year over year. 6% is how some stocks move on a daily, IUL people don't know anything about the stock market. They always define it base on "Indexes" this is why you will never surpass 40% a year.
@@TrueNovice there is always a risk of downturn, but so what. Over the long run you can get 10%. Some years you may get 2% some 40%. Other -40%. Most employers offer Roth options and you can do $20,500 a year, otherwise it’s 6k. If you can’t do Roth do traditional. Still better than the insurance scam. They scare you into “down turn” all while laughing.
Not everyone can qualify for a Roth IRA, and whoever does is capped at $6,000 a year, $7,000 for 50 and over. VUL would be the best ROTH IRA comparison for whoever doesn’t qualify or wants to fund more.
Is that true? My guess is you haven't looked at the numbers. And you certainly aren't equating for risk exposure. Blanket statements like that rarely work.
ALL trash value insurance is garbage. Whole Life insurance, the cash value is kept by the insurance company. In an IUL, the fees/commissions are so high that the client/victim is left with out of pocket expenses to cover the term policy. Also, the gains are capped and very little (like none) of your money is actually invested in the stock market. Stay away from this nonsense.
To apply for a policy review, visit:
leveragedwm.com/iul-review
Questions? Contact me by going to my website: leveragedwm.com/contact-us
Is My IUL Any Good:
ua-cam.com/video/IY02UVqmP0w/v-deo.html
Was My Indexed Universal Life (IUL) Designed For Tax Free Retirement Income:
ua-cam.com/video/DSoPclv6IYk/v-deo.html
Yes
😊
😊
The IUL community needs to come together and weed out the Bad agents and Bad policies as well as those companies that have a highest cost of insurance and fees.
Agreed! This is one of the reasons we started this channel in the first place.
One thing that you must consider with any universal life policy, such as an IUL, is that the cost of insurance goes up every year based on your age. So, it is like an annually renewable term, which gets very expensive later on in life. And, the cost of insurance is not guaranteed. Also, the fixed rate can change as he mentioned. But, whole life does have a fixed rate, which is guaranteed. Yes, the dividend rate is not guaranteed but most mutual companies consistently have paid very good dividends even with market downturns and low interest rates. And, you never base any cash value accumulation on an average rate, as that is unrealistic. If there is a market downturn, yes your floor may be zero. But, they will still take out their fees and cost of insurance, all of which can go up as much as the insurance company wants.
What exactly is your point? That whole life is better?
Those things you mention have been considered. Whole life is not designed to beat universal life.
Is whole life cost of insurance guaranteed? Can you prove it by showing the fees?
@@CashValueLifeInsuranceReviews Yes, WL COI is guaranteed not to exceed the contract premium. The Allianz policy in your illustration could very easily blow up (lapse) prior to the death of the insured, whereas the Penn policy will not. Other than true guaranteed UL consistently funded to maintain the guarantee, I do not believe that UL policies are good permanent policies because of their substantial increases in COI in later years. Whole life is designed to eliminate this problem.
@@warrenbarnes9653 Can you prove it by showing the fees?
ua-cam.com/video/eeUJEw9YDVk/v-deo.html
@@warrenbarnes9653 agreed i just got whole life for my 3 and 4 year old dirt cheap until they are 65 for same amount
One of the better “Whole Life vs. IUL” breakdowns I’ve seen!
1. 1st illustration was a MEC. This will have tax and penalty implications when withdrawing money. Lose the tax-free benefit if taking income. 1st illustration also has a premium outlay ~3200 when you’re withdrawing money.
2. Penn, Mass, and Allianz were done on nonguaranteed values - so unfair comparison to first
3. Looks like the policies are adequately funded so lapse may not be a problem but would be interesting to see the guaranteed values from the 4 policies for comparison.
If designed correctly IUL could have good growth when market returns are good and will not lapse. What I commonly see are IULs where only mínimums are paid. Cost of yearly term insurance gets high and the policy lapse before life expectancy.
You would only see that on a policy that isn’t max funded. A Mac funded IUL generates income simply using the fixed rate.
As I understand IUL, it still has the annually renewable term component which, as the insured ages causes the COI to consume the gains. I often do a Life Settlement for clients who bought IUL's because the policy is about to cave in on itself unless they ante up a lot more premium.
The scenario you are referring to is most definitely a policy that is not structured properly. The design of the policy is the most important thing!
To see if your policy is structured correctly, visit:
leveragedwm.com/iul-review
If structured properly the COI should have little to no effect on the cash savings
@@mariosanchez8800 Structured properly? Big rip off. I.U.L's eat themselves away. Interest rates are too low to offset the ever increasing premiums
Yea those settlements you help people with either the policy is not structured right or is not funded correctly.
What I'm understanding is that as your cash value goes up your term coverage should be lowered. The more cash you have the less life insurance you will need.
Great video. I appreciate the comparison of the two instead of bashing one or the other. My concern about using IUL for income though, even if you opt to select the fixed interest rate, is the rising cost of insurance later in the policy because of the ART. Couldn't this potentially put the policy at risk of lapsing, especially since income is being pulled from it at the same time the costs are going up? If you have a video on this, please share. Thanks!
Reach out to us here:
leveragedwm.com/bookmeeting/
Good video. But it should have been pretty trivial to run an apples to apples comparison on the MassMutual illustration. Not sure why the software gave you so much trouble.
would be great if you would do a review on the Allianz Pro + Elite. You seem to favor it and the NA Builder Plus in most of your 'positive' illustration examples.
Historically, you mean 24 years vs. 100+ years of other policies? I noticed the history total was 24 years, thats why i was wandering if this IUL policies have enought history to really perform as they say. Could you elaborate on the moving parts of an IUL such as Cap rates, Participating rate, the spread change, General fund %, rate of return, options budget and call options, cost and how this inside moving parts work? Thank you.
Can the fixed rate on whole life change or just the dividend rate?
With the same input, I noticed the allianz policy is assuming 4.75% return for all years, may i ask what is your assumption on the rate of return on the Penn WL illustration? I am thinking if we force these two policies to have the same return of 4.7%, essentially, we are comparing their cost without considering the upside of index strategy without risk of losing money that IUL offers. Likewise, with everything gurantee in whole life, it definitely worth sth too.... So, the real question become "do you prefer potential upside or everything gurantee"? that is the real question, am I right? does IUL and whole life contract provide the maximum charge they can charge on the Cost side (cost of insurance and others)?
Great Vid!! So how does one navigate all of this complexity to choose the best product when they are seem to be the exact same thing??
Thanks for watching! We are happy to help navigate this process with you.
Feel free to grab some time with us using this link:
calendly.com/leveragedwealth/lwm-yt
Hi, can we connect? I really appreciate your content. I’m a LI agent myself, and I think you are providing a lot of value and I’m in agreement about many points you make.
What about how the policy is built?
Fees change on IUL then whole right?
Say I put in 20,000 in the policy can I pull it out within 30 days to use them ?
Depends on the product, but I wouldn't recommend it. Thanks for watching!
Most likely not the full 20k, as a portion of your premium is going to fees and costs of insurance and such.
How do withdrawal options differ between whole life and IUL policies? What are IUL advantages if goal is retirement income?
Whole life charge you a loan interest rate of average between 5-8% while indexed universal life charger less than 1% the first 10 years and 0% after 10 years. It’s called a wash loan
You do not want to be charged 5-8% yearly on loans from your own policy at retirement lol
Let me know if you want more information
The main arguments I hear is rhe certainty with dividends and interest that gives you immediate access to the cash value to borrow from.
An IUL doesn't have dividends or the same guarantees and stability that comes with Participating Whole Life. That's where the risk comes in. It was invited in the 1990s so it really hasn't been enough time to verify whether or not it's consistent as there are many IULs that collapse. It's understandable that they are not set up correctly however it hasn't been enough evidence to show that what is shown in the illustration actually occurs with the policy in real life as I myself have yet to see one that has performed as they were purposed.
At this moment I prefer the Participating WL because of it's proven reliability and consistency. Hopefully I'll see IUL perform as they are presented so that I can gain more confidence in them.
IUL's have certainly "performed as proposed". I am not sure where you are getting that from. If you want to accept negative arbitrage every year you loan out dollars, be my guest! Thanks for watching!
What is considered “max funded” for an IUL? Is it a certain percentage of your income? Or is it a subjective amount?
It’s subjective to the size of the death benefit. For example, if you have a policy for 100k in death benefit it may have a 10k/yr max payment vs a 200k policy will have a 20k/yr max payment. Those are random numbers but hopefully that helps
Good video, what you failed to mention is any universal life policy has the cost of insurance go up every year as you get older, so you need to make sure it’s properly funded so it doesn’t lapse. Whole life cost of insurance is upfront and depletes over time.
Also during income, depending on the company, whole life can distribute money with non-direct recognition which will allow you to create a much larger income stream than an IUL fixed account.
Thanks for watching! Yes, IUL should be properly designed, as with Whole life.
Would you be able to settle all of the attacks IUL gets on imploding or not performing as illustrated by showing a client that's had an IUL for the last 20 years and the performance of it?
If structured and funded properly by an advisor that knows what he/she is doing and has the client's interests in mind, the implosion/underperforming attacks are basically moot.
Great video. Very balanced for someone who is new to this.
Glad it was helpful!
I have whole life insurance and I stop paying my premium after 10 years.my first year I have cash value.i can take out my money tax free as well.
that's great! hope you enjoyed the video!
I did like video. Plans must be structured properly.
Yea but whole life don’t build high cash value
@@TheOpinionSports my plan accumulates 7 figures after ten years. So ?
@@jeromevictory6945 ok you are probably piling in a lot of cash into it. With Whole Life if you contributing an average amount you cannot accumulate a high cash value because your interest earned potential is not very high.
My friend introduce me The IUL product from American National which is best because they have uncap option with 0% floor. What do you think about this IUL compared to other companies?
Thank you very much.
I think there are better options.
What are your favorite IUL policies?
Why do you illustrate a 1035 exchange in year one, when such exchanges are relatively uncommon with life insurance policies? I would think that the more typical example without such a Year 1 dump in would be more typical of what most people would do. Also, the issue with IUL is not the lack of a fixed rate option. Rather, the big issue with IUL and other UL products is the increasing cost of insurance (COI). Whole life has a relatively level COI, whereas IUL COI is always increasing, and becomes extremely high after about age 60. This can cause the policy to collapse, unless the death benefit is reduced to the absolute minimum at such time that many people would appreciate keeping the death benefit. It is difficult for IUL to make sense at older ages. In point of fact, IUL using the fixed rate is not just like whole life. IUL shifts more risk to the policyholder in exchange for the POSSIBILITY of greater growth, plus IUL generally pays the producer a much higher commission. Caveat emptor. Warren Barnes, CPA (licensed in MA and VT)
Thanks for watching!
Great video. I’m research the topic currently to make a decision for myself between WL and IUL. One difference I see between The Penn policy and the Aliance policy is the death benefit. For instance, at age 93 in both policies, the WL appears to be almost double that of the IUL. $657k vs $381k. At age 93 it’s likely going to be more important to have DB for the same amount of money. Am I missing something?
Impossible to say without seeing the policies.
Without seeing the policies? The numbers I quoted are from your video? Go to the 4:36 mark for the Penn Mutual policy at 93 years old the death benefit is $657,291. Go to the 6:28 mark for the Allianz Pro+ Elite policy at 93 years old the death benefit is $381,326.
I was just wondering what accounts for the difference if the income taken from the policies are the same or roughly the same?
Thanks for the response!
@@Htownrebb I see. I thought you were looking at your own policies. The Penn policy doesn't amortize to age 120 as easily as an IUL would and they are using different rates. That's not really the point of the video since I was using the straight fixed account in the IUL.
But it says it’s nonguaranteed. Does index offer a guarantee
The better question is, how much does the guarantee cost...and is it worth it?
I have TransAmerica IUL. I've only made one premium payment. But now I see a lot of bad consumer reviews. Should I be worried that they won't payout
I'd be happy to give you a full policy review!
leveragedwm.com/iul-review
click here to apply!
Did you end up with a policy review? I currently also have a TransAmerica IUL, but with the growth of the cash value not being much after 6 years (even though I paid premiums for 13 months using the cash value), it's felt as if more of my premium has gone to fees than to the growth of the cash value.
@@deadman80808 I didn't get it reviewed. Doesn't the first 3 years go to fees and commissions and then build cash value? I'm not over funding it yet so I wouldn't expect it to grow
@@SRC503 i guess the way it was first presented to me led me to believe it would accelerate a lot faster.
Make sure policy is designed and funded to meet your needs.
I spoke with a guy from primerica last night. Tried to recruit me and said what I'm doing with my current brokerage is wrong. I'm a baby in the insurance industry, and he was poking holes in everything I've been taught so far.
He said whole life and index life are wrong because customers are paying for 2 things, CV and death benefit, but if they were to pass away, they only get 1. Death benefit. He then asked me a question and said, If i went to the store and bought eggs and milk, only to come home and find milk.. how would i feel , and if I would feel uncomfortable selling it to my family 😂😂
Is there a reason that CV is absolved by the company if someone passes away?
Jaypee Fernan it doesn't have to be absorbed by the company. Client gets the choice. That guy has no idea what he's talking about.
Ignore him. Been in the business for 36 yrs. Primerica has always been a lousy company with good sales technique.
Jeff Gerber agreed
Jeff Gerber Primerica is the termite of this industry!
art kesh 😂
What companies offer the better IUL option?
Everyone's situation is unquie - the companies we recommend depend on goals/state of residence/strategy. If you'd like to see options specifically for you, our team would be happy to do that. You can follow the process here: www.leveragedwm.com/iul-review
Why do the fixed rate on the IUL say non guaranteed?
It's a yearly declared rate. Fluctuates each year based on interest rates.
The argument I always see is that whole life say guaranteed and IUL don't even though we see that the IUL say we going to get that rate minimum. It's still not guaranteed.. But Ohhh, I guess it says that because the IUL can do better and WL can't do better than that fixed rate... Wow.@@CashValueLifeInsuranceReviews
@@MegaYoungdayAn IUL using the fixed rate is a whole heck of a lot like whole life. Probably still beats it from an income standpoint.
@@MegaYoungday Whole life illustrations show both "guaranteed" and "non-guaranteed" rates. The non-guaranteed returns from both whole life and IUL are what Matt is comparing here. The "guaranteed" return on whole life is usually less than 2%, so it's rarely a factor in reality. Whole Life overcharges premium on the front end to ensure the "guarantees", that's why it's the most expensive form of insurance. If there is money leftover, and whole life company is a mutual company, the overpayment is returned as dividends (non guaranteed rate).
por favor utiliza quotas mas en linea con nuestro sistema.
Not everyone should be buying IUL.
Does the whole life guarantee principal protection?
Yes All forms of cash value life insurance except for variable life are fixed assets so they're not subject to market risk
Great Video!
One of the common arguments is that you pay more for the actual cost of insurance with IUL and it can eventually “cannibalize” the policy. So even if they can promise a return of positive or 0 the fees and cost gets worse over time
That's a bad argument from someone who doesn't truly understand IUL
I have seen illustrations showing lapsing like this when the policies are built poorly and minimally funded. If designed for max cash value and they are funded reasonably close to the premium, they won't even come close to lapsing, even if 0% returns every year.
structure your policy where your DB decreases over time.
Isn't it a better idea to: Buy 3 houses with about 100k upfront investment? In 15 years, you'll have a PERMANENT annual income of 36k.
Lucian Lu with no depreciation left
And you get a much better commission on the IUL. 👌
48k first year, then 12k/year until 7th and beyond? Lol, this is a joke Whole Life policy. IULs pay out the highest interest to agents, whereas WL, the lowest. Bad policy design.
Great video
Thanks for the video 👍🏼
No Problem!
How does loans work on IUL ?
Depends on the company, but usually the first 10 years they charge a less than 1% loan and after it’s 0% wash loan. You can pay back the loan or not and they will deduct it from your goal death benefit when you pass away
@@adanfigueroa3579 is a loan deducted from your cash value?
ua-cam.com/video/8yZubQePA8g/v-deo.html
Check out my video explaining Loans!
Tysm for this
ua-cam.com/video/IUWtlOsdDBc/v-deo.html - While the lifetime income is almost the same between Penn and the IUL, there is a huge difference in terms of the DB 50 years into the policy. Say if the insured dies 50 years into the policy, his beneficiary will inherit $657 in DB from the Penn policy vs only $381K from the IUL.
this is a good point
You’re done doing an apple to apple comparison: you need to state whether the interest rates are guaranteed or not. As you said, people invest in these products as safe savings like bonds. Any comparison should be done based on the guaranteed rate of return. Anything else (dividends, bonus interest rate based on market performance is speculation).
whole life, in my experience, is NEVER sold on the guarantee. Guarantees are less than 2%.
I need policy
We are happy to help! Here is a link to schedule a time with our team:
leveragedwm.com/iul-review
Awesome
Needs clarity
Great video brother.
Or put it in a Roth. $1,300,000 after 22 years with a 10% return. And if you put it in something safe getting 4% at retirement you would have $52,000 a year. Insurance for retirement is a scam.
EXACTLY!
You can get 10 per cent every year in a ROTH with no risk of downturn? And even if you could you can on only 6000 a year in a ROTH so how could you build it up so quickly
@@TrueNovice You are seriously brainwash by IUL, the reason why there's no downturn is because you're earning only 6% 🤣🤣 how much you put in there? Huh? They can pay you that already then they reinvest your money and make 10x that for themselves like the bank. You're really that clueless? If the market drop, within 1 year it's gonna go up over even higher and surpass your 6% every year. I made 80% on Tesla already, 40% on Apple in 3 months. Its gonna take you 3-5 years 🤣🤣 you are not making 20% year over year. 6% is how some stocks move on a daily, IUL people don't know anything about the stock market. They always define it base on "Indexes" this is why you will never surpass 40% a year.
@@TrueNovice there is always a risk of downturn, but so what. Over the long run you can get 10%. Some years you may get 2% some 40%. Other -40%. Most employers offer Roth options and you can do $20,500 a year, otherwise it’s 6k. If you can’t do Roth do traditional. Still better than the insurance scam. They scare you into “down turn” all while laughing.
Not everyone can qualify for a Roth IRA, and whoever does is capped at $6,000 a year, $7,000 for 50 and over.
VUL would be the best ROTH IRA comparison for whoever doesn’t qualify or wants to fund more.
Don't do IUL that's BS ..
You don't know what you are talking about, and that's okay.
We sale life insurance also, but it's your video so make your money. Have a nice day too. Hahahahaha
Question:Whole life insurance vs whole life insurance, which is better?
Answer: Term life and invest the difference.
*slow claps*
Is that true? My guess is you haven't looked at the numbers. And you certainly aren't equating for risk exposure. Blanket statements like that rarely work.
Invest the difference with an average return of 12 percent will grow way more than having your eggs in one basket.
I've achieved enlightenment. I now only invest in toilet paper.
😂😂😂😂
ALL trash value insurance is garbage. Whole Life insurance, the cash value is kept by the insurance company. In an IUL, the fees/commissions are so high that the client/victim is left with out of pocket expenses to cover the term policy. Also, the gains are capped and very little (like none) of your money is actually invested in the stock market. Stay away from this nonsense.
You don’t know how it works, but that’s cool.
@@CashValueLifeInsuranceReviews That's all you got? You can't refute anything I stated to be incorrect? Try harder.
This isn't true, you don't how insurance companies work at all do you?
@@HGM19922 See reply, above.
@@astroman30 Lol it doesn't matter if they refute you or not, because you'll reply with the same stupid canned bullshit you always say. 🤣🤡