How to find the best Cash Value Life Insurance policy
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- Опубліковано 31 лип 2024
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Cash Value Life Insurance is complex, so it's hard to know how to find the best policy. Watch to learn how we evaluate different companies to get the best value.
Key Points:
Cap Integrity and Policy Pricing:
The video emphasizes the importance of cap integrity in evaluating cash value life insurance policies. Cap rates, which are adjusted annually based on the insurer's options budget and overall portfolio performance, play a crucial role. Companies that have been in the market longer tend to price their products for stability, maintaining cap rates close to their initial offerings. In contrast, newer companies or those seeking to quickly gain market share may initially offer higher cap rates unsustainably to attract customers.
Focus on Long-Term Policies:
A key differentiator between annuity products and Indexed Universal Life (IUL) policies is the approach to premiums. IULs, allowing for multiple premiums over many years, afford insurers more flexibility in investment and potentially higher cap rates compared to single premium annuities, which must be priced based on current rates. Companies focusing on single premium policies might see a negative impact on their long-term products' cap rates due to the immediate investment of large sums at potentially low interest rates.
Bonuses and Fees:
The video discusses bonuses included in policy illustrations, highlighting the importance of understanding whether these bonuses are guaranteed and if any associated fees might change over time. Policies might advertise attractive bonuses with the caveat that they are not guaranteed or come with variable fees, impacting the policy's long-term value.
Sweep Dates and Company Volume:
The frequency of premium "sweeps" into investment accounts can indicate a company's volume of business. Companies doing more business typically offer daily sweeps, ensuring premiums are invested promptly. Less frequent sweeps might suggest lower volume and potentially higher costs due to reliance on investment banks for index purchasing.
Company Ratings:
High comdex scores reflect strong financial stability and cash positions of insurance companies, suggesting better long-term viability and product integrity. The video recommends sticking with companies that have comdex scores in the 80s or above for more reliable investment options.
These points highlight the complexity behind choosing a cash value life insurance policy and the importance of looking beyond simple illustrations to understand the policy's long-term viability and the insurer's stability.
00:00 Intro
01:17 Caps
03:58 Long Term Oriented Companies
04:29 Short Term Oriented Companies
06:01 Will It Stay the Same?
07:54 IUL vs Indexed Annuities
09:36 Single Premium vs Multiple Premium
12:55 Bonuses
14:38 Bonus Fees
16:37 Sweep Dates
18:04 Credit Rating
19:16 Outro
Always good from Mr Decker!
Thanks for listening
Great video!
Thanks!
@@CashValueLifeInsuranceReviews Which cash value policy or IUL would you recommend?
What company are good In Cap Integrity? Any review video
Where would you put Nationwide in terms of companies that keep a stable cap and companies that like to juice caps for market share and drop them??
Nevermind my first question was before I saw your graph of the comdex score.
What are the drawbacks of such cash value life insurance policy?
What if I'm not high income earner but want to save a decent amount of my income per year and not get taxed on it? Is there a way I can make this vehicle work for me?
I still have not seen one video showing proof these IUL perform as designed during the Loans years.
I’ve seen a lot of policies from HGI agents and they are promoting IUL policies from F&G and WFG are promoting Transamerica IUL policies..I see that F&G Comdex score is in the 60’s..based on what you stated in the video,it looks like we should stay away from that company,what do you say?
Thanks for your question. We try to avoid generalizing as much as possible since every person/situation is different, however, I can confidently say that there are much better options for most situations.
You missed annual sweeps!
500.00 to any IUL client who has had their IUL over 20 years and is now drawing consistent loans for 5 years or more and the policy has not lapsed or imploded!!!! 500.00 to the agent that finds it.
i would like to know this also. there are so many videos about designing the right policy and all but none that gives an example of a old policy performing as illustrated!
Good vs Best....
Name the companies!
Why not just be a share holder in the insurance company so that the insurance company can pay you any profits they make and they can do what they do best which is investing to manage risk as the number 1 priority? As an owner you'll make profits when they manage risk well. It's called a traditional mutual whole life policy. Comes with way more guarantees and you don't have to worry about risk and cap rates.
Lol...that is whole life and the cost is extremely high.
@@Seccheus break even in 5 years if you set it up right. Maybe not so expensive? 🤷♂️
How much I claim death benefit to my late husband michael john dixon in reassured life insurance.