Indexed Universal Life (IUL) for Kids is the most flexible savings tool on the market. Visit our website to learn more! www.AllianceGroupLife.com 0:00-2:20 IUL For Kids #IUL #IULForKids #AllianceGroup
Amazing information, yes I wish I knew about it 30 years ago. Now both my kids have an IUL. And my oldest has it for my grandkids. The wealthy uses this kind of tools but a lot of skeptics always seem to think it doesn’t work. Yes it does work alright. So much we have an internship program and teach people how to use this. Thanks for sharing.
IULs can be good...but they are made to work for people with higher incomes...they are marketed to people that it isnt meant for..like kids and younger people with limited income
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Taj, you hit the nail on the head, now it's time to level up and share the knowledge. That's what I'm on a mission to do. My son has an IUL now and got rated at the highest level for his policy.
Maybe I'm new here, but I cannot for the life of me get a policy to show $1,000,000 in cash value by age 65, and my company's current illustration rate is 7.1%. The most I'm getting is $588,000
No. Why would you want it to be? It is not a product that is in any way invested in the market; so the SEC has no jurisdiction to regulate it. It is regulated by state insurance departments.
It depends on who owns the policy. Only the owner can make withdrawals. Many times, parents will turn over ownership to the kid at an age that they feel that the kid is responsible enough to properly handle the account.
@Erin Lockward I'm very glad you replied I just heard from my wife that there are plenty of fees please for this that don't go towards the child. What are the cons for doing this? I'm still trying to understand. Insurance rates go up and you have to pay more or what.
I have been 31 years in this industry and started off selling the horrific variable universal life. I switched over to IUL as soon as it became available, as many people got hurt when the crash happened. I could not continue to offer a product that would hurt people. So I never sold another variable product. I have HUNDREDS of clients who are currently using the benefits of IUL. I hope that you find something that is suitable for your unique situation.
Find a reputable licensed agent in your state who is connected to A rated insurance provider that offers a variety of indexes within the policy from which to choose.
371k Death benefit on a newborn with the parents paying 100 a month isnt good. they are only paying the cost of the insurance. The death benefit should be around 150k. Otherwise the only benefit is going to the person selling it
WRONG. The mortality cost of a kid is almost nothing. I have parents on a million dollar trajectory for their kids who they started an IUL for when they were infants at 50 dollars a month. Are you a licensed Financial Planner? A millionaire? I am trying to understand your reasoning and your basis for such a bold and ignorant statement.
Mostly all of the A rated insurance companies. I have IUL for both my kids through Transamerica. You can get a policy for children at the age of 15 days old with them. If you want I can refer you to my advisor
@@dajuice6025 Thank you so much. I am one of a Transamerica advisor. I have 3 IUL kid policies and 1 for myself. Coach Coursey, please let me know if I could ever be able to help. You don't have to buy anything from me.
@@yodhangzien It isn't so much the fees that can kill these policies. What kills these is not over funding them. The IUL is a great product, but it isn't great for everyone. If you can't overfund it by a minimum of 20% AND leave the money alone for 12-15 yrs, this isn't for you!
@@DMVasqu3z Spend your money how you want. Termites is an interesting word. I would use it for people who sell IUL to be used instead of investing only to pocked some hefty commissions off the sales. Why would you buy life insurance for a child who has no dependents or anyone relying on their income? Talk about throwing money down the drain (or into your commissions).
Nick Running Guess what Nick... I am a husband, father & a provider. This might come as a shock to you but I was a baby at one point with zero responsibilities, zero dependents, zero debt and no plans to have a family. Now if my parents would have done something like this for me 30something years ago, I'd be in a much more advantageous financial position than I already am. That's the thing about PFS, you're all trained to be very short TERM thinkers. Kids grow up sir. If you'd like for me to brain-rinse your brain-washing, hit me up and we can schedule a Zoom. IUL ftw
@@nickrunning8057 its not for the DB. And if funded right, the commission is tiny. Just curious, how much of a commission do you think is made off of a max funded child policy?
@@nickrunning8057 So... actually, not participating in the downside of the investment stock market can actually have better long term returns. There are no down sides to an IUL - never a loss. Oh, and that commission concern you raised... LOL. Funny thing... a life agent who sets up or sells you an IUL makes commission ONCE... and it's on the life insurance portion only... not on the money you're investing. And... it's money out of the marketing budge of the carrier, NEVER the client, unless they surrender the policy early. That's a recovery cost of money the insurance company put out ONCE. That investment you're so keen on... yea, those cost money in fees that are by law, not necessary to disclose. Those fees go toward commissions... year after year after year... whether you earn or lose money in your investment. These guys wake up on January 1 every year knowing they have a $90k or $200k income set before they start working b/c the clients are paying them commissions over and over and over... out of THEIR accounts. Money to pay for commissions = money not there to earn in the market. There's more to an IUL than looking at commissions. Industries are set up so that people earn a living. You know that when you purchase a car a salesman gets a commission for his job. You know that getting into an investment w/ a broker will cost money. You know that going to a Doctor will cost money. Is it a shock or a disappointment that your Dentist makes money when you go? Or that your hair dresser earns money for the work done? People spend time and money learning how to do something, gaining a skill that they can use when helping others. Why is it sneaky or some bad word to hear commissions? There's no hourly pay. If it doesn't help a client, the agent doesn't earn. If a realtor doesn't put someone in a house, they don't earn... but you don't second guess that. It's an industry that you expect to pay 6% on. Period. Insurance is the same. People get educated, continue their education every 2 years and have to stay compliant. They carry insurance to protect them in case they make mistakes and put a lot of money into their business to ensure they are helping people. I have a question... what would you say if your boss thought it was weird and fishy and suspicious that you want to get paid for what you do at your job. Like... friday comes along & you're looking for your paycheck, and they are like... "whoa... that's fishy. You want to get paid for what you do?" Nah.. that doesn't happen. You think the way you think because you haven't had the education to show you HOW it works or WHY it works. You hear some new concept and you immediately go to the negative & think... it's too good to be true, there must be a catch... oh... and someone pushes it b/c they earn money. Consider all that I said... you may just learn something that could help you. Don't knock it if you don't really get it.
IUL's are not an investment vehicle period let alone for kids, they are life insurance with a cash value ( which you have to borrow your own money) and when you die, they keep your money. There are way more better options like an UTMA/UGMA that are actually designed for kids. These videos sounds really good, but once you break down the policy, it's one of the worst financial product to own.
I wonder why IRS and regulators set rules on overfunding this account for tax advantages. If a client works with a qualified and trained professional, this can be a great alternative with additional benefits to a traditional savings vehicle for children. It’s all about having options.
"They keep your money." Who is they, because, no "they" don't. You are borrowing the money from the cash built up inside the policy. You can pay it back if you wish. If you don't pay it back, the amount borrowed is deducted from the death benefit.
I am a beneficiary and am an African immigrant. I got sick with COVID-19 and got my acelerated benefit for chronic illness. I still have 3/4 of my policy intact and cash value growing. I have just taken a policy loan. I think you are mis-informed
LMAO. You are what we call a FOOL. I have been in this industry as a CERTIFIED FINANCIAL PLANNER AND ChFC. This is the NUMBER ONE vehicle for TAX FREE income and self banking , PERIOD!
@@bethannbarron1216 IUL is a corrupt ( word chosen intentionally ) product . Advisors use it to over state what is possible . Not to mention that it is inflationary , deviant and demands active attention the average parent does not have time to commit . Life Insurance for kids is great ( I write books on the subject ) however it must be Whole Life , properly designed from a mural company .
@@MimiHBTK I answered above . Should have read *Mutual company . Aside from all that what would you like to know . Let’s put it another way . Banks own Billions of permanent life insurance . Do you think it is WL or IUL ? The issue is that any one selling IUL is selfish or ignorant . Both terrible for your money . Owning IUL as Insurance or an investment is mathematically foolish because of the correlated risk . The standard deviation it is exposed to and undermine your investment and implode your Insurance. In todays market IUL’s are blowing up all the time .
IUL can be extremely powerful if set up correctly! Great video.
thank you for you input. I'm a parent and would d like to know how can we tell if its set up correctly? please advice. thank u
Amazing information, yes I wish I knew about it 30 years ago. Now both my kids have an IUL. And my oldest has it for my grandkids. The wealthy uses this kind of tools but a lot of skeptics always seem to think it doesn’t work. Yes it does work alright. So much we have an internship program and teach people how to use this. Thanks for sharing.
What company do you have it with and is it actually worth it
Can u share your internship details...
@@da_turdminator3887Let me know if you’d like a consultation. I have many clients who set these strategies up for their children.
Rest Ballet class is goings-on for me
IULs can be good...but they are made to work for people with higher incomes...they are marketed to people that it isnt meant for..like kids and younger people with limited income
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"Success usually comes to those who are too busy looking for it." - Henry David Thoreau
With the way things are going I honestly feel sorry for anyone without a passive income
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Great and simple way to explain an IUL for kids.... and adults.
Wish I had known about this 20 years ago! But better late than never. I think this is stuff that only rich people know about
Taj, you hit the nail on the head, now it's time to level up and share the knowledge. That's what I'm on a mission to do. My son has an IUL now and got rated at the highest level for his policy.
You can still qualify for an IUL as an adult
@taj lane have you started a policy for yourself yet? If not, lets take a look at it. sjfrancosmd@gmail.com
Taj Lane Brother if you have any questions feel free to reach out I can help you no obligation to you.
love it
Very nice! I have 3 0f them for my 3 little ones
Perfect 🤩
Nice video ❤️
Very interesting.
Listened to the entire presentation- sadly, no button to click
The parent own the policy of the child and if the parent dies early what happens? Does the policy automatically transfer at 18 to the child?
It depends on how the parents have planned and set up their estate or trust.
Maybe I'm new here, but I cannot for the life of me get a policy to show $1,000,000 in cash value by age 65, and my company's current illustration rate is 7.1%. The most I'm getting is $588,000
Inbox me, I may be able to help! Let’s chat!
hmm. what carrier are you quoting?
🥰🥰🥰🥰nice
Is there a video like this but in Spanish?
ua-cam.com/video/awy8G7pc1gk/v-deo.html
Wowsers Talk
Excellent video.
Good
Is iul SEC regulated?
No. Why would you want it to be? It is not a product that is in any way invested in the market; so the SEC has no jurisdiction to regulate it. It is regulated by state insurance departments.
Can they take this money out of they want to use it at age 18 or any age?
Yes! They can most definitely take the money out at 18.
It depends on who owns the policy. Only the owner can make withdrawals. Many times, parents will turn over ownership to the kid at an age that they feel that the kid is responsible enough to properly handle the account.
I'm heavily considering doing this for my 3 kids and I; If anyone can help me out, that would be very nice of you!!
Hi Bao! Please send an email to travis@alliancegrouplife.com and I would be happy to connect you with a local agent.
Did someone get in contact with you??
@@feliciabryant3517Hey Felicia what’s your Facebook?
@@feliciabryant3517I can assist you if you haven’t been help with this
@@feliciabryant3517are you interested in setting one up?
Has anyone ever used this until retirement or is this just BS info. YOU CAAAN but noone has done it.
Not BS info at all! IULs are the reason why I got my license to sell insurance.
@Erin Lockward I'm very glad you replied I just heard from my wife that there are plenty of fees please for this that don't go towards the child. What are the cons for doing this? I'm still trying to understand. Insurance rates go up and you have to pay more or what.
@@ChateroMex are you still trying to figure it out?
I have been 31 years in this industry and started off selling the horrific variable universal life. I switched over to IUL as soon as it became available, as many people got hurt when the crash happened. I could not continue to offer a product that would hurt people. So I never sold another variable product. I have HUNDREDS of clients who are currently using the benefits of IUL. I hope that you find something that is suitable for your unique situation.
Sounds good I’m not disciplined enough y’all enjoy 😉
hey would you like me to explain a bit more for you I cab help you. no obligation to you.
How do I apply for IUL?
What is the difference between IUL and WFG?
@@moniladephilips7439IUL is a policy, WFG is a insurance brokerage
Find a reputable licensed agent in your state who is connected to A rated insurance provider that offers a variety of indexes within the policy from which to choose.
371k Death benefit on a newborn with the parents paying 100 a month isnt good. they are only paying the cost of the insurance. The death benefit should be around 150k. Otherwise the only benefit is going to the person selling it
CVAT minimum death benefit and maximum cash value is the answer
WRONG. The mortality cost of a kid is almost nothing. I have parents on a million dollar trajectory for their kids who they started an IUL for when they were infants at 50 dollars a month. Are you a licensed Financial Planner? A millionaire? I am trying to understand your reasoning and your basis for such a bold and ignorant statement.
I can have an internal from FG, NLG, or North American reach out to you and explain it. Let me know which carrier should?@@robertparkerson5594
What Insurance company's allow you to take out an IUL for kids under Age 18? Just curious...
Mostly all of the A rated insurance companies. I have IUL for both my kids through Transamerica. You can get a policy for children at the age of 15 days old with them. If you want I can refer you to my advisor
American National..I just wrote a policy today..and my 8 yr old and 15yr old has one
National Life Group
@@dajuice6025 Thank you so much. I am one of a Transamerica advisor. I have 3 IUL kid policies and 1 for myself. Coach Coursey, please let me know if I could ever be able to help. You don't have to buy anything from me.
I have 3 policies for my 2 young kids. one of them under 18. Please let me know if you want to know more.
Sdg good z
Beneficiaries get both death and saving ??!
It depends on the IUL. There are 2 kinds, Increasing IUL that offers the death benefit plus the cash value or Level IUL
On IUL Yes, They get both. CV & DB if you have more questions I can help you feel free to reach out to me
@@mrleyva26 what the fee charge will destroy my policy
@@yodhangzien It isn't so much the fees that can kill these policies. What kills these is not over funding them. The IUL is a great product, but it isn't great for everyone. If you can't overfund it by a minimum of 20% AND leave the money alone for 12-15 yrs, this isn't for you!
@@GlennHall after 65 age pull out the fund it will tax 30%, if continues til 80-90-100 age there is no money left in the policy !!! Fee charge!!!
Or you know just invest regularly for twice the returns and buy term insurance on the side if you need it.
Just stop. People are wise to your "invest the difference" antiquated strategy. Damn termites
@@DMVasqu3z Spend your money how you want. Termites is an interesting word. I would use it for people who sell IUL to be used instead of investing only to pocked some hefty commissions off the sales. Why would you buy life insurance for a child who has no dependents or anyone relying on their income? Talk about throwing money down the drain (or into your commissions).
Nick Running Guess what Nick... I am a husband, father & a provider. This might come as a shock to you but I was a baby at one point with zero responsibilities, zero dependents, zero debt and no plans to have a family. Now if my parents would have done something like this for me 30something years ago, I'd be in a much more advantageous financial position than I already am. That's the thing about PFS, you're all trained to be very short TERM thinkers. Kids grow up sir. If you'd like for me to brain-rinse your brain-washing, hit me up and we can schedule a Zoom. IUL ftw
@@nickrunning8057 its not for the DB. And if funded right, the commission is tiny. Just curious, how much of a commission do you think is made off of a max funded child policy?
@@nickrunning8057 So... actually, not participating in the downside of the investment stock market can actually have better long term returns. There are no down sides to an IUL - never a loss. Oh, and that commission concern you raised... LOL. Funny thing... a life agent who sets up or sells you an IUL makes commission ONCE... and it's on the life insurance portion only... not on the money you're investing. And... it's money out of the marketing budge of the carrier, NEVER the client, unless they surrender the policy early. That's a recovery cost of money the insurance company put out ONCE. That investment you're so keen on... yea, those cost money in fees that are by law, not necessary to disclose. Those fees go toward commissions... year after year after year... whether you earn or lose money in your investment. These guys wake up on January 1 every year knowing they have a $90k or $200k income set before they start working b/c the clients are paying them commissions over and over and over... out of THEIR accounts. Money to pay for commissions = money not there to earn in the market.
There's more to an IUL than looking at commissions. Industries are set up so that people earn a living. You know that when you purchase a car a salesman gets a commission for his job. You know that getting into an investment w/ a broker will cost money. You know that going to a Doctor will cost money. Is it a shock or a disappointment that your Dentist makes money when you go? Or that your hair dresser earns money for the work done? People spend time and money learning how to do something, gaining a skill that they can use when helping others. Why is it sneaky or some bad word to hear commissions? There's no hourly pay. If it doesn't help a client, the agent doesn't earn. If a realtor doesn't put someone in a house, they don't earn... but you don't second guess that. It's an industry that you expect to pay 6% on. Period.
Insurance is the same. People get educated, continue their education every 2 years and have to stay compliant. They carry insurance to protect them in case they make mistakes and put a lot of money into their business to ensure they are helping people.
I have a question... what would you say if your boss thought it was weird and fishy and suspicious that you want to get paid for what you do at your job. Like... friday comes along & you're looking for your paycheck, and they are like... "whoa... that's fishy. You want to get paid for what you do?" Nah.. that doesn't happen.
You think the way you think because you haven't had the education to show you HOW it works or WHY it works. You hear some new concept and you immediately go to the negative & think... it's too good to be true, there must be a catch... oh... and someone pushes it b/c they earn money.
Consider all that I said... you may just learn something that could help you. Don't knock it if you don't really get it.
IUL's are not an investment vehicle period let alone for kids, they are life insurance with a cash value ( which you have to borrow your own money) and when you die, they keep your money. There are way more better options like an UTMA/UGMA that are actually designed for kids. These videos sounds really good, but once you break down the policy, it's one of the worst financial product to own.
I wonder why IRS and regulators set rules on overfunding this account for tax advantages. If a client works with a qualified and trained professional, this can be a great alternative with additional benefits to a traditional savings vehicle for children. It’s all about having options.
"They keep your money." Who is they, because, no "they" don't. You are borrowing the money from the cash built up inside the policy. You can pay it back if you wish. If you don't pay it back, the amount borrowed is deducted from the death benefit.
I am a beneficiary and am an African immigrant. I got sick with COVID-19 and got my acelerated benefit for chronic illness. I still have 3/4 of my policy intact and cash value growing. I have just taken a policy loan. I think you are mis-informed
@@cesaguirre absolutely
LMAO. You are what we call a FOOL. I have been in this industry as a CERTIFIED FINANCIAL PLANNER AND ChFC. This is the NUMBER ONE vehicle for TAX FREE income and self banking , PERIOD!
This is terrible advice . IUL for kids is a tragic idea! Shameful or ignorant … which one are you ?
Why is it tragic? Please explain
@@bethannbarron1216 IUL is a corrupt ( word chosen intentionally ) product . Advisors use it to over state what is possible . Not to mention that it is inflationary , deviant and demands active attention the average parent does not have time to commit . Life Insurance for kids is great ( I write books on the subject ) however it must be Whole Life , properly designed from a mural company .
Wondering the same. Why?
@@MimiHBTK I answered above .
Should have read *Mutual company .
Aside from all that what would you like to know . Let’s put it another way . Banks own Billions of permanent life insurance . Do you think it is WL or IUL ?
The issue is that any one selling IUL is selfish or ignorant . Both terrible for your money . Owning IUL as Insurance or an investment is mathematically foolish because of the correlated risk . The standard deviation it is exposed to and undermine your investment and implode your Insurance. In todays market IUL’s are blowing up all the time .
The fact taht you trust a bank and the cabal of crooked bankers for ANYTHING tells me all that I need to know about your stupidity. WOW! @@snellcole