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@@JonathanAguilera-fz3vx Agent.LIFE180.com to set up an interview. Need to go through the interview process to make sure it is the right fit on both sides
You hit the nail on the head about IUL illustrations being meaningless. Unfortunately, there are a lot of people out there who are selling these things that truly believe that illustrations are predictive of performance, which simply isn’t the truth. Just read the disclaimer below each and every IUL illustration they all say the same thing, that the point of the illustration is to demonstrate the mechanics of how the poly works. Not predict performance.
I don't even understand this argument. Whole life is a savings alternative, IUL is an investment alternative. The reason you use whole life for IBC is because it is a guaranteed savings asset with no downside or interest rate volatility risk. You then collateralize the asset to invest in whatever you want. Who cares if you can get a potentially higher rate of return with IUL (by the way, risk and returns are correlated. The Higher the risk the higher the return). I make significantly higher rates of return on my investments. Why would anyone want to inject even the slightest bit of risk on their foundational savings capital? With whole life, the risk is transferred to the Insurance company, with IUL the risk is transferred back to the client. Anyone recommending IUL for IBC shouldn't be giving financial advice to anyone because they don't understand the difference between a savings asset vs. an investment asset. PS. Great breakdown.
Thanks a ton! And very well stated! WHY INJECT EVEN A RUDIMENTARY AMOUNT OF RISK INTO FOUNDATIONAL SAVINGS CAPITAL? That's the part IUL agents don't want to understand....
Wait til you see the next video on LIES IUL AGENTS USE.... #3 is agents using non-compliance-approved calculators because of the fact there is ZERO chance you are taking everything into the equation... It is non-compliant to use them....it is NOT accurate....and you can lose your license for using those calculators to sell IUL.... Do you think maybe there is a reason for this? 🤔
@@Seccheus Sure....but my channel isn't supposed to be "exciting", lol....it is supposed to be a place of education so people don't get effed by other "exciting" people who mislead them into a BS product
This is great for all the math nerds out there. Very easy to follow for the common person as well. A down year for an IUL magnifies the problem, especially if there are outstanding loans. Just think about that if your retired......... would you want that risk volatility? YIKES! Good breakdown Chris, and so valuable.
I've gone through all of your crazy ideas of IUL designs. As I've said, they are nothing special overall, although I will say you were creative. Still better off with an annuity for income. Your design relies on using National Life Groups 1 product that has the GLIR....which has too many assumptions to give the assumed income with the rider on the illustration....so it isn't even something you can rely on.... You are just grasping and hoping to have found something....thinking you have beat the actuaries at their game....you haven't and you won't.
@@LIFE180 1. You have not gone through my design with the LIBR. You have not posted an IUL design anything like my LIBR design not even close. 2. Your assumption about the Illustration is the problem. You are grasping at air.
This just proves the point that you don't understand what Infinite Banking is from a foundational perspective.... You act like it's all about loans and spreads. Shows how little studying you've done on it
@@LIFE180 call it whatever you want. Taking out loans and paying them back plus interest works with IULs. This is my 3rd time posting this answer. It keeps getting erased.
@@Seccheus No....don't call it whatever you want. Infinite Banking actually means something. Your statement shows laziness and incompetence. Now you see why I blocked you with your circular, lazy thinking.
Are you referring to Guaranteed Universal Life? There is no such thing as Guaranteed IUL, but a GUL (Guaranteed Universal Life) contract is the cheapest way to buy a permanent death benefit; however, there is very little cash value. It's more like a term policy with no expiration date. It can be great for certain use cases, but definitely can't be used for Infinite Banking.
Exciting? It is sad that I have to do this to show the truth and that people are so misleading. It is infuriating to me that I even have to do these videos. I feel like people think I enjoy it.... I don't enjoy it. I would rather just focus on what works. But, I feel like I have been tasked with fighting this fight and leading the charge to protect unwitting consumers...
@@Seccheus You know what, sadly, you are right....because so many people who sell IUL and who are looking into IUL have an idea that IUL isn't what they are being told, but they don't understand why....so they like this content. And it helps them. If you think I am doing this to "get subscribers", I think that is just funny and it shows you know nothing about who I am.
Get your free IUL review: rescuemyIUL.com
Set up a clarity Call with LIFE180: LIFE180.com/clarity-call
Check out the IUL Playlist: ua-cam.com/play/PLrRnvQl4pMjjBqdtFA5o2Hv_epCi60eKR.html
I wholesale life insurance and you wouldn’t believe how many agents suggest clients empty their 401ks into these things and take the 10% penalty
It literally should be punishable by losing your license
I’ve learned so much from you chris… you are my “continuing education” lol I APPRECIATE YOU
Thanks man! Glad you are finding it helpful!
@@LIFE180 how can I join your team and work with you?
@@JonathanAguilera-fz3vx Agent.LIFE180.com to set up an interview. Need to go through the interview process to make sure it is the right fit on both sides
You hit the nail on the head about IUL illustrations being meaningless.
Unfortunately, there are a lot of people out there who are selling these things that truly believe that illustrations are predictive of performance, which simply isn’t the truth.
Just read the disclaimer below each and every IUL illustration they all say the same thing, that the point of the illustration is to demonstrate the mechanics of how the poly works. Not predict performance.
That includes WL illustrations....
I don't even understand this argument. Whole life is a savings alternative, IUL is an investment alternative. The reason you use whole life for IBC is because it is a guaranteed savings asset with no downside or interest rate volatility risk. You then collateralize the asset to invest in whatever you want. Who cares if you can get a potentially higher rate of return with IUL (by the way, risk and returns are correlated. The Higher the risk the higher the return). I make significantly higher rates of return on my investments. Why would anyone want to inject even the slightest bit of risk on their foundational savings capital? With whole life, the risk is transferred to the Insurance company, with IUL the risk is transferred back to the client. Anyone recommending IUL for IBC shouldn't be giving financial advice to anyone because they don't understand the difference between a savings asset vs. an investment asset.
PS. Great breakdown.
Thanks a ton! And very well stated! WHY INJECT EVEN A RUDIMENTARY AMOUNT OF RISK INTO FOUNDATIONAL SAVINGS CAPITAL?
That's the part IUL agents don't want to understand....
can u run some illustrations with negative years?. U can easily see the negative years effect.
I have with a calculator I made.
Wait til you see the next video on LIES IUL AGENTS USE....
#3 is agents using non-compliance-approved calculators because of the fact there is ZERO chance you are taking everything into the equation... It is non-compliant to use them....it is NOT accurate....and you can lose your license for using those calculators to sell IUL....
Do you think maybe there is a reason for this? 🤔
@@LIFE180 I am not an agent so that does not apply to me. As a client it is in my best interest to check and track the math!!!!
Great content though and a lot more to talk about and a lot more exciting than WL....
@@Seccheus Sure....but my channel isn't supposed to be "exciting", lol....it is supposed to be a place of education so people don't get effed by other "exciting" people who mislead them into a BS product
This is great for all the math nerds out there. Very easy to follow for the common person as well. A down year for an IUL magnifies the problem, especially if there are outstanding loans. Just think about that if your retired......... would you want that risk volatility? YIKES!
Good breakdown Chris, and so valuable.
This is GOLD
Thanks, Matt!
Until we finish our debate and talk about my current IUL design you can't say all IUL designs will burn you.
I've gone through all of your crazy ideas of IUL designs. As I've said, they are nothing special overall, although I will say you were creative. Still better off with an annuity for income.
Your design relies on using National Life Groups 1 product that has the GLIR....which has too many assumptions to give the assumed income with the rider on the illustration....so it isn't even something you can rely on....
You are just grasping and hoping to have found something....thinking you have beat the actuaries at their game....you haven't and you won't.
@@LIFE180 1. You have not gone through my design with the LIBR. You have not posted an IUL design anything like my LIBR design not even close.
2. Your assumption about the Illustration is the problem. You are grasping at air.
Infinite Banking with a Larger CV and smaller loans that you pay back plus interest will work with an IUL.
This just proves the point that you don't understand what Infinite Banking is from a foundational perspective.... You act like it's all about loans and spreads. Shows how little studying you've done on it
@@LIFE180 taking loans out and paying them back plus interest will work with an IUL. Call it whatever you want.
@@LIFE180 Taking out loans and paying them back plus interest will work with an IUL. Call it whatever you want.
@@LIFE180 call it whatever you want. Taking out loans and paying them back plus interest works with IULs. This is my 3rd time posting this answer. It keeps getting erased.
@@Seccheus No....don't call it whatever you want. Infinite Banking actually means something. Your statement shows laziness and incompetence. Now you see why I blocked you with your circular, lazy thinking.
What about a Guarantied IUL? Is it better than Whole life insurance?
Are you referring to Guaranteed Universal Life? There is no such thing as Guaranteed IUL, but a GUL (Guaranteed Universal Life) contract is the cheapest way to buy a permanent death benefit; however, there is very little cash value. It's more like a term policy with no expiration date. It can be great for certain use cases, but definitely can't be used for Infinite Banking.
Guaranteed IUL won't give the same access to cash as whole life, so no
There are IUL's that have guarantees...but those guarantees go out the window if you touch the CV.... They have a use case, but it's a rare situation
@@LIFE180 Are you talking about the no lapse guarantee? Or something else?
Definitely cheaper!!!
Chris, your thumbnail picture indicates you may be possessed - are you doing ok my friend? I know an exorcist who can help if you need it . . .
Hahahaha
Finally some exciting content......LOL.
Exciting? It is sad that I have to do this to show the truth and that people are so misleading. It is infuriating to me that I even have to do these videos. I feel like people think I enjoy it.... I don't enjoy it. I would rather just focus on what works. But, I feel like I have been tasked with fighting this fight and leading the charge to protect unwitting consumers...
@@LIFE180 you want and need views/viewers. Talking negatively about IULs gets you the most views.
@@Seccheus You know what, sadly, you are right....because so many people who sell IUL and who are looking into IUL have an idea that IUL isn't what they are being told, but they don't understand why....so they like this content. And it helps them. If you think I am doing this to "get subscribers", I think that is just funny and it shows you know nothing about who I am.
@@LIFE180 you will not debate Brian because he did not have enough subscribers.....
Unclaimed $2000 challenge on the IUL that performs as illustrated say it all.. Wise men (good listeners) need few words and a Whole-life policy
Be more specific.