What is the Difference Between Term, Whole Life and Universal Life?
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- Опубліковано 11 жов 2024
- This is episode one of a twenty-one episode series entitled "Secrets To A Tax-free Retirement". If you are ready to generate an extra million dollars, this episode is for you! In this video, I will talk about why universal life benefits the living and discuss the difference between term, whole life, and universal life.
To your abundance!
Doug Andrew
Key Moments In This Episode
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01:35 Learn how to accumulate income - tax-free
03:32 The concept
04:40 The variations
06:12 Single premium life insurance
09:50 The five parties
11:39 Insurable interest
What To Watch Next
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How Does a Max Funded IUL Compare to Whole Life?
• How Does a Max Funded ...
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How to Diversify and Create the Foundation for a Tax-Free Retirement
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How to Lead Your Family/Business from “ME” to “WE”
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Visit Doug Andrew’s website:
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Music
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Song: LiQWYD - Glow (Vlog No Copyright Music)
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Video Link: • LiQWYD - Glow (Vlog No...
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Video by Nate Woodbury
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YOU MAKE THIS INFORMATION EASY TO UNDERSTAND! THANK YOU!
You're very welcome!
My boyfriend is in insurance. I'm going to be able to understand his conversation so much better. Thanks for the information. Excited for the series!
If he is interested in learning more as a professional, please look at my new training and tools: www.iulinsiderpro.com/training-registration
You are very good in teaching the differences, i.e. if they listen to you without blinking an eye and without a wandering mind ! However, one can replay the recording if they missed anything.
Thank you! 😃
Thanks for sharing this powerful information Doug, Im your fan and you are my mentor. I’ve been a year in a half in this industry, started offering IUL to my clients.
Houston Texas
God bless
That’s great! Thanks for watching!
Congratulations 🎉
which IMO do you work with?
Sir, This information is great. Absolute gold
Glad it was helpful!
Wow, this is gold informations ! thanks
I'm on Chapter 8 of the LASER FUND book!
Awesome! Thank you for reading. I hope it gives you some great financial clarity and direction!
@@missedfortune Oh I understand what's going on, your are filling in the blanks for me! I used to have a Life Insurance Sales License in California back in 1995. But life took me into another direction and I let it pass away.
So nice
If life insurance is used for retirement purpose only for income or pension (by giving up a chunk of money up front ), and have no beneficiaries to pass it to, and the owner is self, is it possible to get a bigger monthly check from it? In other words is it better than an income annuity.
Yes, when structured correctly it will not only add more each month but will give you much greater flexibility as well!
How can one put $100,000 into the policy when the insurance company will not let you do that. I really want to know.
1035 exchange a large upfront lump sum.
Would this be a wise thing to do for my children? Get them a whole life policy right now so that they have a high value as adults? I am more concerned about setting my children up for the future
Andrew, you are forgetting the fact that very few 30 or 40 yr old have 200000 or even 100000 or even 50000 to pay a single premium.
If you are younger, you can get a max-funded IUL started with $500 per month.
Well, that’s the main issue in the world- lack of financial education. If people had that since they were kids, by the age of 30 they would already have a small fortune. Also people don’t want to make any sacrifices. You have to save at least 30% of what you earn. If you can’t save that much try 20% or 10% but never spent all you make
Thank you so much
Andrew can I get this book in Canada
Great video here, something for you to remember is to always implement term insurance because you don’t need insurance forever. The goal is to be financially independent not live off of your insurance policy that most likely will lapse before you’ve even got time to use it.
No offense but you don't know what you are talking about. Term doesn't give you all of the same financial benefits people are sometimes looking for. You obviously aren't paying attention to what this guy is saying.
Dave (Ramsey) quit trolling!!!
Let's get deeper!!
If you are interested in learning more as a professional, please look at my new training and tools: www.iulinsiderpro.com/training-registration
According to AJ Sheff, LASER Fund isn't the best way to go.
To learn more and determine for yourself how the LASER Fund strategies will work for you and your particular set of circumstances, check out our website. 3dimensionalwealth.com/getstarted
You lost me on 1 of 21.
What is the difference between indexed universal life and a fixed indexed annuity (FIA)? They appear to be the same.
My accountant tried to get me into that insurance. I thought it was a scam or she gets big percentage off of me, setting me up. How can I assure I’m doing the right thing and not getting scammed?