What Is An IUL (Indexed Universal Life) | What Does It Mean To “Max-Fund” An IUL?

Поділитися
Вставка
  • Опубліковано 20 жов 2024

КОМЕНТАРІ • 32

  • @edrianshavers9007
    @edrianshavers9007 2 роки тому +7

    This is so informative and never heard of IUL. This needs to be taught in school for our future young people.

    • @davidadams1835
      @davidadams1835 2 роки тому

      If you want to look at options for you reach out. I am a licensed agent.

    • @JoeC5050
      @JoeC5050 2 роки тому +1

      stay away from IUL unless u r very rich and dont need money for 10-15yrs.

    • @robmartin217
      @robmartin217 Рік тому

      @@JoeC5050 correctly structured, maximum funded....

    • @liltony333
      @liltony333 7 місяців тому

      ​@@JoeC5050 stupid advice

    • @Kentuckybrothershooting
      @Kentuckybrothershooting 5 місяців тому

      @@liltony333exactly

  • @earlharden175
    @earlharden175 2 роки тому +6

    Thank you so much. This was powerful. You inspire to find my policies faster and to build my insurance business much larger. I'm a huge fan of your channel and books.

  • @Saad_TheGod
    @Saad_TheGod Рік тому +3

    Thanks

  • @momosfield
    @momosfield 5 місяців тому +1

    Question: I am learning from this (or many other of your videos) now, in 2024: this video or other videos are up to date? or do we need to do our further learnings due to the changes in laws ? Thank you !

    • @missedfortune
      @missedfortune  4 місяці тому +1

      Great Question! These videos are designed to be universally and continually relevant. That being said, it's always a good idea to consult with one of our IUL Specialists to see what applies in your specific situation. 3dimensionalwealth.com/getstarted

  • @tamekiawashington9131
    @tamekiawashington9131 2 роки тому +1

    Powerful explanation. Thank you

  • @RoyLeeCampbell
    @RoyLeeCampbell 2 роки тому +1

    So thankful for you

  • @husa628
    @husa628 2 роки тому

    Greath video.
    I would like to get your book but I'm Canadian, there some variation between US and Canada. Do you recommend someone or a book that is like yours but focus more for Canadian? Thanks

  • @BW-kv9wj
    @BW-kv9wj 2 роки тому

    If I roll my Inherited IRA into an IUL, do I have to pay taxes on the rollover before it’s invested into the IUL? I must take Required Annual Distributions which are taxed. Once rolled over into an IUL, do I no longer have to worry about taking annual distributions???

  • @thenynick3698
    @thenynick3698 2 роки тому +2

    What about the increasing costs of insurance in a clients older years.? If you couple that with income distributions, no premiums and down market conditions in retirement years you’re going to have issues. Policies will implode and there will be an IUL bubble like the UL bubble. The best is still a whole life policy from a fully participating whole life company. It’s not sexy, but it has guarantees and you won’t have angry clients wondering where their money went later on. As a wholesaler in this business, I don’t work for any insurance carrier but an IMO, I see well over 50% percent of these policies designed completely wrong. Most advisors and agents have no idea what they’re selling. Insurance can be the greatest piece of your portfolio, if used properly.

    • @est4084
      @est4084 2 роки тому

      As an agent,it beats anything if it’s well structured.

    • @factshurt5362
      @factshurt5362 2 роки тому

      @@est4084 I just started my 4th year and have the option to use multipliers. Should I be doing that in this current market or wait until the market looks like it’s starting to bounce back? Thanks

  • @odellthompson6172
    @odellthompson6172 10 місяців тому +1

    I need finicial advice

    • @missedfortune
      @missedfortune  10 місяців тому

      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

  • @sandykim444
    @sandykim444 Рік тому

    Can a business owner set up an IUL for his employees?

    • @missedfortune
      @missedfortune  Рік тому

      Yes, absolutely! The business owner deducts the premiums as compensation and the employee pays tax on that (much like a Roth).

  • @scambuster7416
    @scambuster7416 Рік тому +1

    i'm uninsurable, can i still get an iul?

    • @missedfortune
      @missedfortune  6 місяців тому

      To learn more about the options I invite you to meet with one of the IUL Specialists we work with. You can schedule by visiting www.3dimensionalwealth.com/getstared.

  • @-RJN
    @-RJN Рік тому

    But they keep your cash value at death.

    • @cbbcbb6803
      @cbbcbb6803 Рік тому

      Is that true? If so, that ain't good!

    • @-RJN
      @-RJN Рік тому +1

      @@cbbcbb6803 Yes. At death you get the death benefit only, "minus" any outstanding money you have borrowed that hasn't been paid back.
      He says at death your money blossoms, but what that is, is actually just your original life insurance face amount.

    • @robmartin217
      @robmartin217 Рік тому +1

      @@-RJN option "B" = cash value+ death benefit payable to policy beneficiary tax free...

    • @chandansraj
      @chandansraj Місяць тому

      Is this true ? The cash value is not paid out to the beneficiaries ?