What Can Go Wrong With IUL? What Is The Downside?
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- Опубліковано 3 лип 2024
- An indexed universal life may not perform well because of some unexpected reasons. Now, I am going to address these problems and help you optimize your IUL insurance. In this episode, you are going to understand what can go wrong with an IUL and what is the downside.
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To your abundance!
Doug Andrew
Key Moments In This Episode
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00:00 Intro & Summary
01:18 Where The 40-60% Of Retirees Ought To Be
02:38 Why IUL Is The Dream Solution
03:40 What People Are Usually Told About Life Insurance
04:36 How Choosing The Wrong Insurance Company Prevents IUL To Perform Well
04:48 What Is A Legal Reserve Insurance Company
05:05 Why Do Banks Put Your Money Into Insurance Companies
05:24 What Is A Comdex Score And Why Choose Insurance Companies With High Comdex Score
06:33 What Kind Of Insurance Companies Should You Look For
07:47 How Choosing The Wrong Product Prevents IUL To Perform Well
08:37 How To Make Sure That Your Policy Is Correctly Structured
09:39 What Happens If An Advisor Does Not Structure It Correctly
10:37 How Should You Choose An Insurance Agent
11:34 What Happens If You Have Flexibility
12:33 What If You Have Reviews To Be Accountable
13:26 What Is The Biggest Reason Why Most IUL Policies Do Not Perform As Illustrated
14:49 What Is In The LASER Fund Book About How To Correct Something
15:12 What Is The LASER Ready Test And How It Can Help You
16:50 How To Claim Your FREE Copy Of The LASER Fund
17:08 What Opportunity You Can Have
Go to: www.laserfund.com
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What To Watch Next
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What Is An IUL (Indexed Universal Life) | What Does It Mean To “Max-Fund” An IUL?
• What Is An IUL (Indexe...
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Music
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Nate Woodbury - UA-cam Producer
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I am a broker here in the state of Texas. And regardless how much I know, I always learn more from you. Thank you so much for taking time out of your valuable time to help us.
Me too 😂😂😂. I always get more answers for my clients from here 😅
You're welcome!
Question here do you have a list of trusted brokerage companies to get into IUL ?
Good information, it's nice how examples and general specifics are said. Many people don't like to understand certain parts of a portfolio, but Doug likes IUL, and explains why, and how it can be useful. That is important, showing how it can help, and how it functions.
A simple thought for everyone, if you had enough money to take to a fee for service advisor, how much do you think someone with Dougs experience of almost 50 years would be charging ?
Keep in mind that when you hear of failed policies from a friend or such, the author of this channel didn't put that policy together.
Doug, thank you so much for sharing this info! I heard about whole life insutance policies being *the* avenue for the rich to gain tax free income years ago, but only after finding your videos have I come to learn the actual details. So many are offering this information as a paid infomercial essentially, meaning to even learn how to handle money, I would have been forced to pay money - not going in the right direction. :p Your videos, however, are so helpful and detailed - and free! :D I've always been of the entreprenurial mindset but a coma in 2010 slowed me down. Now I'm on the way back in the game, and OBVIOUSLY this information is priceless. I will be following all of your advice, and look for more ways to support you and your endevours.
Thank you again, Doug - you are saving lives, I mean that literally. Both Buffet and Kiyosaki say that we're about to enter a time worse than the Great Depression and that it will last for much longer. Your advice will allow those that listen to begin to structure themselves for ~true~ financial security, and that will keep us from being homeless.
This information is very useful, and as an insurance advisor, we are doing this plan for our clients and hearing and learning from you is a plus. Thanks so much for this video. God bless you Sir Dough
You're welcome!
Thanks alot for this informative video. This was a big help for me. 😊
You're welcome!
Wow! Thank you so much! I have never heard anyone explain things in such detail! We'll be in touch.
You're so welcome!
I went to his 3 day Seminar.
Very informative. I enjoyed listening to his analogies.
He emphasizes that once a year his family gets together to share their experiences and knowledge. On what work or did not work..
Thrilled to hear that you enjoyed the seminar and found value in the information!
Thank you for the information.
Our pleasure!
Thank you for helping me become a true life insurance professional.
You're welcome!
I appreciate the info and honesty - 99% of IULs are not structured properly, which means they are not benefiting the owner. Or, at the very least, not benefiting them as they could/should be. It is frustrating to see so many people talking up these IUL products without discussing how carefully they must be structured.
Hey man where are you based ?
You seem so confident that you are a bit angry when the process is misunderstood or not executed properly. I love it.... I am just now learning about this product. I didn't even know it existed until I was approached by a company to offer it... Thanks..
It must be done correctly! Thanks for tuning in!
I bought an iul when I was 25 and I’m 33 now..have been funding it minimally ..so I’m glad I have the right tools just need to fund it correctly !! Thanks for the info !!
@@missedfortune thank you for teaching
Thanks for the info, good stuff. At the same time this feels a little like navigating a mine field. Seems my luck on the roulette table is about as good as picking a good agent.
Hey there, you can setup a time to speak directly to an IUL Professional we work with here: www.3dimensionalwealth.com/getstarted
This information is mind-blowing. Thank you, Doug.
Question:
1. Do you have trained brokers in the UK?
If so, can you make recommendations?
This a gold mine !!! Thank Doug for your pation even after almost 50 years !!!
Hello Mr Días , Sergio here what company do you recommend? I like to start something like that; thanks.
@@SergioHernandez-oc8ge Hi there! I work in Canadá in the Québec province. Do you live here ? If so I can definitely look into your personal situation and figure out which company will suit you best +
@@IsmaelDiazIAGoupeFinancier !
Thanks
You're welcome!
Thank you for all you do here on youtube!
You're welcome!
good sales pitch
Greetings Doug. I've been looking at your videos for months. I opened an insurance policy of my own and I was trying to talk to a friend about doing the same. I wanted to show him the story you told of 2 millionaires who handle their wealth with their children in different ways. If you can point out that talk to me I would appreciate it...Thanks for the info you give.
The Vanderbilts vs the Rothschilds is the comparison in my book Entitlement Abolition. If you don't have a copy, you can pick one up here: www.entitlementabilitionbook.com
I use the TSR Ratio to choose companies
The problem with life insurance is the way it compensates advisors, and is why you dont hear about it. Imagine a hypothetical policy with $2,000,000 cash value, been in force for 20 years. That initial agent got paid 20 years ago. Another advisor might have put you in the usual broker account making 20k a year off a similar account.
I really value your information on this because I plan to become my own banker and also become a licensed agent/broker to specialize in this area.
That's great! If you want to explore more on our training for financial professionals you can join us for an upcoming webinar here: www.iulinsiderpro.com
Hi,
I noticed you had some interest in learning how an Indexed Universal Life Strategy can benefit you and help with your goals. As a licensed financial professional, I’d love to get you educated on understanding the different strategies & products out there and how they can be of value to you.
What would be a good phone number to reach you so that I can introduce myself and provide some general information about these plans??
According to you, what are the top 3 IUL product & company in market currently?
Where can see reviews of you and your financial advisors?
What companies do you recommend for starting an IUL or laser fund? Just starting out on all this, and I need some great advice. Your videos are great!!
Hey there, you can setup a time to speak directly to an IUL Professional we work with here: www.3dimensionalwealth.com/getstarted
I am 49 and I don’t have any savings. How much should I put in a IUL to retire with a millions?
Which company you recommend?
Is NYLife a good choice?
What do you mean you diversify and put some on yourself your wife and your kids? You just don’t have 1 insurance policy on your family? Or you mean you just cover each person. Please can you help me I’m trying to understand more clear so that I can get insurance for my family. So do I get multiple policies or just one policy for my family?
Thanks this info is great!
I'm new to this all and still learning how to properly structure infinite banks, iuls and indexed annuities, the imo I am working with seems to not wanna teach me so thay I remain dependent on them.
Anyone got any advice?
Hey there, we teach many of those strategies here: iulinsiderpro.com/
My advise is stay away from it if you like your money and appreciate sound sleep. Search this guy on google!
Can you make a list of good advisors in each state
To connect with one of the IUL Specialists we work with visit www.3dimensionalwealth.com/getstarted.
Can you review any an IUL policy to see how well its structured.?
Yes. Schedule a free consultation with one of our specialists here and they can help: 3dimensionalwealth.com/getstarted/
Does this apply in Canada?
wow... I didn't know what I didn't know... are you hiring licensed agents?
Which insurance companies are the ones you trust to put your money in?
Thank you for this channel. I would love to be proficient in this material?
check out www.iulinsiders.com
This is all great question is how do we find that agent in our town?
Hey there, you can setup a time to speak directly to an IUL Professional we work with here: www.3dimensionalwealth.com/getstarted. We work with people all over the country.
Comdex score 85 or higher
Which companies are the main ones Doug suggest?
Schedule a free consultation with one of our specialists here and they can help: 3dimensionalwealth.com/getstarted/
Where can I get a right company to do my IUL, please help me.
Hey there, you can setup a time to speak directly to an IUL Professional we work with here: www.3dimensionalwealth.com/getstarted
Hi Doug, Can I open an IUL in an LLC thats inside a irrevocable trust?
I would love to know this
how do you transfer from 401k to an IUL?
Hey there, an IUL Professional we work with can explain the process. You can setup a time to speak directly to an IUL Professional we work with here: www.3dimensionalwealth.com/getstarted
Hi Doug - How is the IUL different from RothIRA? Both tax free right? Should I move the money in RothIRA to IUL - I am 7 years from retirement - 58 years old now? Thank you for all of your advices!
Well I believe the very big difference is that you’ll have life insurance coverage, Roth IRA don’t offer that. But yes they are both tax free.
can i do that in Canada?
Canada does have very similar products. If you’re still curious, I have a couple friends in Canada that really know their stuff and can service any Province.
What best company you can recommend here in st louis mo .
MOO.
Transamerica, nationwide, pac life, allianz.
Hi can I transfer my 457b to an iul without penalty
Not that I am aware of. The problem with qualified plans such as a 457 is that Uncle Sam will always ask for his cut somewhere in the process.
Im 50 and have never in vested in 401k or ira. So im late in the game. What can id do with an iul his to catch up for my retirement or ins. Id like your co info so i can start right away with you
Stay away from this crap.
@@annab5090why??
yada yada
👍
Is this guy's whole channel an ad for universal life?
We have a series on writing books and many topics on family leadership as well. But a majority of what we talk about is financial centric.
I learn a lot from you. Having said that, where you lost me is your reference to Miss America and your referring to funding your investments you refer to choose an advisor that is looking out for”himself and his wife than you and your wife.” My feedback for you is that you choose more inclusive and less male oriented. I suspect that this will generate more subscribers and clients as women are growing investors
Vul / whole life vs iul prove me wrong . if 99% are designed wrong then 99% of advisors are wrong .
If you are licensed in the state of CA I would love to prove you wrong on a Zoom call. Let me know if you're ready to learn :)
I’m 60 is IUL good for me
Hey! If you would like to explore the LASER Fund options, go ahead and schedule a time to speak to an IUL Specialist that we work with here: www.3dimensionalwealth.com/getstarted
Save yourself trouble, stay away from IULs and this guy. Google his name.
So can you tell us what company and what advisor? 😂
Obviously his own 🤔😂
What do you think about volatility controlled proprietory indexes which IUl companies offer vs S&P 500 Index?
If 2 IUL companies have a similar Comdex ranking and features, should we choose the company with better Index options or Higher caps on Indexes and fixed rate?
I have a pacific life IUL with 8% cap on S&P and Allianz policy with 10.25% cap on S&P..does higher cap with similar policy expense mean one is better than the other?
It just means how high the interest can go. I am appointed with National Life and they go at max 15 percent.
In your case, higher cap is better. If the COI (cost of insurance) is similar, you’re gonna want a company that has the higher cap.
Example: Transamerica has one that’s @ 15% cap, and a 0.15% floor.
Sounds like smoke and mirrors. No explanation of were the growth in the money in the policy comes from
We have 899 videos about these topics. Here's one that explains how money grows with IUL using Indexing: ua-cam.com/video/YoSAor16lZY/v-deo.html
Can I work for you?
Reach out to our team at 3Dimensional Wealth.
So 99% of the company’s DON’T know what they’re doing??? 1% (which is you) is designed correctly…Suspect…If you can reply with a reputable source , I might be convinced.
I don't think anyone cares if you're convinced. I'm more shocked you can take a look around at the state of affairs the world is in today and think 99% were right. An investment strategist of 40 years isn't a reputable source?
Is this why you are being sued by 66k people for policies you created?
We are not being sued by 66k people. Thats extremely false information.
Wow! This man post info to help us & u attack him?!
You must be listening to the guy on you tube who sounds like a jilted lover because of his relationship with an iul compaby.
The biggest mistake would be giving anyone $1.00 to put into an IUL Life Insurance Policy. Its a scam.
Explain why instead of just saying its a scam
How is it a scam? You probably learned that from uninformed people.
Usually what I've noticed is when people say this they've never done it themselves and they've been programmed wrong so therefore they think it's a scam but it's not because actually technically nobody even has the real dates of how long this has been going on from what I have gathered since 1847 Rockefellers rothschilds have been doing this and yes they put it on every one of their children that are born and grandchildren and great grandchildren and great great grandchildren how do you think the United States got built up
You still pay taxes when take money out of an IUL. It feels dishonest when you word it this way.
Banks don’t put your money into an IUL. They do have life insurance policies, however, they don’t use it for banking.
It’s possible for a company to change an IUL rules at nearly any time. He’s telling you to make sure the company is good so that you don’t end up getting screwed. So how do you pick a company that will be good in 30 years? 🤔
How can someone know if something is structured properly without trusting an agent who is making commission? Where is the baselines rules that I can measure against?
I’ve asked multiple times, where is the proof that you can produce 9+% returns? This seems way overly inflated.
The fact that you made an episode of what could go wrong and you didn’t cover anything that could actually go wrong tells me this is probably a lot of words to cover the fact that you’re taking money from people.