Thanks so much for your informative videos. My question to you Mr. Andrew is how do I get access to the proficiency test you mentioned and can you give me advice on how I can best learn how to properly structure IUL's? I'm a new agent.
I purchased the Laser Fund last week, and I just now saw this video, from 3 yrs ago. I tried to find the 14 questions on page 195 and they’re not there. I’d like to know where they are if anyone can help. Thank you!
You have an updated edition of the Laser Fund, it is found on page 211-213 of that edition. There is another edition (version 3) that just barely came out and it is on page 219 of that version.
I’ve been watching your videos about The IUL and thank you for putting this information out there. I’m 24 and just signed up for one. I’m really wanting to make sure it is properly structured. What is the way to go about this? Thank you!
Glad you're enjoying the videos. You can speak to one of the IUL Specialists we work with to help you get it structured correctly. Here is the link to schedule a time: www.3dimensionalwealth.com/getstarted
Doug, great video, my question is....if IUL is designed properly.....as the policy costs skyrockets in insured later years,ages...ie 70's..80's+....will continue to grow and avoid lapse?.....
Excellent! It is too often after watching just a few of my videos, you will know more than 90%+ of any licensed advisor. Well done on weeding out the wrong agent!
You can have a specialist run in audit for you and tell you what your options are. I used to do this all the time to help people understand what they had and what their options were. They can usually fund it with a lot more money, or they would need to look at reducing their death benefit or a 1035 exchange. I can introduce you to experts who audit existing IUL's all the time: 3dimensionalwealth.com/getstarted/
@Bobby Ewan sorry that happened to you. See I’m a wfg agent trying to learn more and make sure Im doing the right thing for the clients 100% of the time before I start advising people what to do. Hence why I’m here. What company did they go with and how was it set up if you don’t mind me asking?
I’ve compared IUL products of a few conpanies with 90 or above Comdex score..whats your opinion about Allianz,Pacific Life,National Life,Nation Wide, Securian?
They're good companies, but thats not the whole picture. The carrier is only as good as the policy is designed. If you design the policy poorly, then the carrier makes no difference. If the policy is structured correctly, the carrier's strengths will begin to show. But, most agents miss the target on the first step of designing the policy correctly. Hope that helps!
@@missedfortune This is so true, no one teaches agents how to structure the policy, not even the carriers. It is only the agent who keeps on digging to find out what is best for their clients. So many mistakes on the way to this education.
No, they are two different types of policies. TransAmerica's Global product is a Universal Life product. Doug is discussing the INDEXED Universal Life category of products (not just regular Universal Life category.) TransAmerica calls theirs the Financial Foundation Indexed Universal Life policy (FFIUL). They are designed very differently, and the forecasted long-term outcomes are very different.
Visionary0001 said it great. The only things that they may have in common in tax laws as it is associated with life insurance. Other than that, they are different in the core purpose of what you are trying to get accomplished most. Here is my best playlist to understand IUL better: ua-cam.com/play/PLF8af6gsBLfluNIRv7jllRl43tfIUGlmQ.html
Hi Doug , I’m a clueless 38 yr old women who has not started investing . Till now . Where can I find a knowledgeable professional to set up an INDEXED fund?! Please help
@@marcellatorres2715 Hi I am a licensed agent and IULs are my specialty. I see this post is old so if you are still looking for help and want to set up a free consultation to see if an IUL is right for you, respond to this post and I'll send you my email.
How can I start with you please? I’m 24 with a decent income well over average. I joined with an agent while I was 23 and she made me over pay for her own benefit!!! I realized it later though while learning the ins and out of insurance policy! Thank you!
Hey, I'm an agent and can take a look at your policy for you if Doug hasn't responded. I specialize in IULs. I'm sorry that this happened to you. At my company (InVida FN) we put you first not our paycheck. Also good for you for paying yourself first at such a young age! I wish I was able to do that back then I'd be set! Respond to this post and I'll send you my email. If not I hope you figured out a solution that best suits you!
So I basically have to be an experienced Insurance agent to set up these IULs properly. And if I'm a client with little insurance experience..........I'm basically trusting that my IUL advisor will make the right choices for me. That is a bridge too far for me. I'll stick with dividend paying stocks particularly as I am retired and over 60. Don't need life insurance, self insured.
Well, actually, Michael, if I went. This route would be to fund my life Insurance policy with everything I have and then borrow against it and invest the borrowed money back into my dividend stocks. That seems ideal to me as long as the interest rate was lower than the dividend yield.
OR you could borrow money against your IUL and invest in real estate using Max Leverage. That's where my mind is as I watch his videos To have your money multiplied and working for you in multiple places. The third idea I had was to borrow against my iul in order to purchase the things in life that I purchase with money that is not taxable and then let my iul pay back the loan.
Isn’t going off average returns dangerous. Shouldn’t you be using actual returns instead. Since that’s the money that you actually see and get to utilize? Like over the past 10 years the average has been 8.9, but actual return was only 5.3. Before fees. Also how would you structure the policy to not go up over time, since the UL is based on stair step term.
Sadly, all of the regulators require the insurance companies to illustrate using a flat average return. I agree that I think that actual returns would be better. We have built an IUL simulator that does just that, allows you to see the growth and the fees in a real simulated example. If you would like to speak with a specialist and see that, you can be introduced to one here: 3dimensionalwealth.com/getstarted/
@@missedfortune thanks. I ordered a copy of your book and I'll read to learn more so I can weigh my options as to it I'll start selling UL policies to my clients.
Hi has anyone helped you? I don't work for Doug, I work for InVida and we have a department that specializes in IULs. This is my area of expertise and I'd be happy to talk with you if you need any guidance. If you still are needing assistance respond here and I'll send you my email.
If you would like you can you can schedule some time with an IUL specialist who can answer more of your questions and even run some examples for you: 3dimensionalwealth.com/getstarted/
Why do you have a disclaimer on the bottom of your laserfund lead page "life insurance policies are not investments and accordingly should not be purchased as an investment" ?? That defies everything you teach/talk about. I was about to purchase your book but that disclaimer is so contradicting to everything you're saying
The regulators have declared that life insurance is not an investment. You must establish this as a need for death benefit. When you self-insure yourself, you can then manage that death benefit and experience the benefits and rewards of doing so.
They can be great! First make sure that your policy is structured correctly and you are funding it according to that structure. Once you have that, you can tweak your results by seeing which insurance company and product has they best indexing options. I have seen some great returns with Allianz's BUDBI index. They aren't the only one, there are also many many others as well to choose from.
They would be in the top 6 if you are looking at a Whole Life, but they do not offer IUL (Laser Fund). So in that case, no they are not in the top 6 because they do not even offer it. Look at Pacific Life, Nationwide, Allianz, Securian, National Life, Penn Mutual, Transamerica.
Thank you Sir, I just dropped your name with my financial expert and he loves your work. I feel much better after asking him the tough questions you teach to ask.
That is usually not likely when the policy is structured correctly. It is possible that there is a policy or insurance company that may have that high of an expense in year one, if so it better have extremely low expenses in later years.
If you are looking at the overall average, then typically yes, plan on 10 years. I have seen it done sooner, but plan on 10. If you are isolating a specific year, then yes it happens around that year 5 mark.
Yes, you can definitely start with $50k. You can setup a time to speak directly to an IUL Professional we work with here: www.3dimensionalwealth.com/getstarted
Hey Mr. Andrews do you care to discuss the class action lawsuits levied against you for the failed IUL's you've sold? You're IUL'S will fail give it about 5 years you heard it here first
Doug, I agree. I’ve held meetings with three life insurance agents and they are very diverse in what they offer. Structuring it is QUINTESSENTIAL! Again, your book is stellar. Some agents gave you “pro-forma” data and gave you whatever the computer spit out, not showing you a fully optimized policy. Structuring the policy is more important than funding it!
Ryan- Well said. I cannot say it enough, you MUST first make sure that the policy is structured correctly. Then, you must make sure you fund it according to that desired structure. The ensures the greatest efficiency and experience for the policy owner.
I've followed you for a long time and have all your books. I appreciate that you've brought attention to the IUL world. BUT, I don't like what you're implying in this video. It really scares people from getting IUL unless they call you since you seem to be the only one out there competent with this and know the only agents that can do a good job. And that's not the case. I don't think that's ethical. Give the proper attributes of a good policy and let people decide for themselves who to work with. There are even inexperienced agents listening to this and think they can't do this unless they turn to you. Not everything YOU say is quite accurate.
@@mikelarock9379 Implying that he's the only one that can do IULs properly. He talks quite often about earning 10% and keeping 9%, or some other numbers showing only a 1% difference between gross and net interest earned. This is not accurate in the beginning for several years. Costs are front loaded on the IULs. Later on the properly designed policies get quite efficient and you get the performance. But not for several years. This is especially true for older clients where the cost of insurance is higher.
Thank You Doug! Do have a vid with the 1/2 dozen or so companies that you would recommend?
Thanks Again
Great idea to review and tweak yearly. So much can change over time, but when it's nipped in the bud early enough, you won't have troubles.
Perfect! Thank you for referring the book. I ordered the book and it arrived Very fast. Thanks keep up the good work!
Awesome! Thank you!
Hi Doug, I recently discovered your channel. Thank you for all the great points!👌What do you think about IUL from National Life Group?
It's good when structure correctly.
Thanks so much for your informative videos. My question to you Mr. Andrew is how do I get access to the proficiency test you mentioned and can you give me advice on how I can best learn how to properly structure IUL's? I'm a new agent.
Please check out my training for professionals. I have a free webinar - iulinsiderpro.com/training-registration
I purchased the Laser Fund last week, and I just now saw this video, from 3 yrs ago. I tried to find the 14 questions on page 195 and they’re not there. I’d like to know where they are if anyone can help. Thank you!
You have an updated edition of the Laser Fund, it is found on page 211-213 of that edition. There is another edition (version 3) that just barely came out and it is on page 219 of that version.
I’ve been watching your videos about The IUL and thank you for putting this information out there. I’m 24 and just signed up for one. I’m really wanting to make sure it is properly structured. What is the way to go about this? Thank you!
Glad you're enjoying the videos. You can speak to one of the IUL Specialists we work with to help you get it structured correctly. Here is the link to schedule a time: www.3dimensionalwealth.com/getstarted
What r ur annual fees?
Good luck Zach. Don’t buy or invest in things that you don’t understand.
Hi Doug
Thank you for your work. What is your take on Midland Life?
most IULs are not funded correctly or overprojected. it can really work but has to be set up right and followed through
Great info sir. Thank you
You're welcome!
Doug, great video, my question is....if IUL is designed properly.....as the policy costs skyrockets in insured later years,ages...ie 70's..80's+....will continue to grow and avoid lapse?.....
If the policy is structured and managed correctly the policy doesn't "skyrocket" thats the thing most agents do not understand how to implement.
Thank you. Need to get your new book LASER
You can order your copy at www.laserfund.com.
Hi Doug are there anymore GUIL products left?
Thanks you I learn so much info .I want to open Iul for kid 7 years .can you give a contract please
If you're looking to setup a policy, you can speak to an IUL Specialist we work here by selecting a time here: www.3dimensionalwealth.com/getstarted
Hi Doug, your video took my best attention, what could you recommend me as a new agent?
Thanks a lot👏👍👏
You need to come check out my world class training and mastermind group for IUL, IUL Insiders. iulinsiderpro.com/training-registration
Can you take a look at my policy please?
I recommend scheduling an appointment with one of the IUL Specialists I work with. Schedule by visiting www.3dimensionalwealth.com/getstarted.
Hi what do you think about IUL from transAmerica?
Also, I asked both agents what TAMRA/DEFRA is, and they looked like a deer in headlights! I did NOT go with them.
Excellent! It is too often after watching just a few of my videos, you will know more than 90%+ of any licensed advisor. Well done on weeding out the wrong agent!
page 195 has no questions it has top 5 takeaways, did you remove the questions?
How do I get an Audit of my policy from your team?
3dimensionalwealth.com/getstarted/
If someone has one that’s not structured or funded correctly how can you fix that?
You can have a specialist run in audit for you and tell you what your options are. I used to do this all the time to help people understand what they had and what their options were. They can usually fund it with a lot more money, or they would need to look at reducing their death benefit or a 1035 exchange. I can introduce you to experts who audit existing IUL's all the time: 3dimensionalwealth.com/getstarted/
@Bobby Ewan sorry that happened to you. See I’m a wfg agent trying to learn more and make sure Im doing the right thing for the clients 100% of the time before I start advising people what to do. Hence why I’m here. What company did they go with and how was it set up if you don’t mind me asking?
I’ve compared IUL products of a few conpanies with 90 or above Comdex score..whats your opinion about Allianz,Pacific Life,National Life,Nation Wide, Securian?
They're good companies, but thats not the whole picture. The carrier is only as good as the policy is designed. If you design the policy poorly, then the carrier makes no difference. If the policy is structured correctly, the carrier's strengths will begin to show. But, most agents miss the target on the first step of designing the policy correctly. Hope that helps!
@@missedfortune This is so true, no one teaches agents how to structure the policy, not even the carriers. It is only the agent who keeps on digging to find out what is best for their clients. So many mistakes on the way to this education.
Does your book detail the companies and how to properly set it up? I’m an agent and I want to do the best for my clients
if you're looking to do this for others, we have an exciting community we're building: iulinsiderpro.com/training-registration
Which company do you recommend in Canada and how do you learn how to structure the policy properly.
Hi Doug,
Is this the same as Global ULI from Transamerica?
No, they are two different types of policies. TransAmerica's Global product is a Universal Life product. Doug is discussing the INDEXED Universal Life category of products (not just regular Universal Life category.) TransAmerica calls theirs the Financial Foundation Indexed Universal Life policy (FFIUL). They are designed very differently, and the forecasted long-term outcomes are very different.
Visionary0001 said it great. The only things that they may have in common in tax laws as it is associated with life insurance. Other than that, they are different in the core purpose of what you are trying to get accomplished most. Here is my best playlist to understand IUL better: ua-cam.com/play/PLF8af6gsBLfluNIRv7jllRl43tfIUGlmQ.html
Hi Doug , I’m a clueless 38 yr old women who has not started investing . Till now . Where can I find a knowledgeable professional to set up an INDEXED fund?! Please help
@@marcellatorres2715 Hi I am a licensed agent and IULs are my specialty. I see this post is old so if you are still looking for help and want to set up a free consultation to see if an IUL is right for you, respond to this post and I'll send you my email.
How can I start with you please? I’m 24 with a decent income well over average. I joined with an agent while I was 23 and she made me over pay for her own benefit!!! I realized it later though while learning the ins and out of insurance policy! Thank you!
Hey, I'm an agent and can take a look at your policy for you if Doug hasn't responded. I specialize in IULs. I'm sorry that this happened to you. At my company (InVida FN) we put you first not our paycheck. Also good for you for paying yourself first at such a young age! I wish I was able to do that back then I'd be set! Respond to this post and I'll send you my email. If not I hope you figured out a solution that best suits you!
what do u mean by policy is structured correctly ? tweak in?.. Explain more please..
I am glad you are watching! Here is a great playlist that I would recommend: ua-cam.com/play/PLF8af6gsBLfluNIRv7jllRl43tfIUGlmQ.html
So I basically have to be an experienced Insurance agent to set up these IULs properly. And if I'm a client with little insurance experience..........I'm basically trusting that my IUL advisor will make the right choices for me. That is a bridge too far for me. I'll stick with dividend paying stocks particularly as I am retired and over 60. Don't need life insurance, self insured.
Great. Best wishes to you!
Redtops, I couldn’t have agree more.
Well, actually, Michael, if I went. This route would be to fund my life Insurance policy with everything I have and then borrow against it and invest the borrowed money back into my dividend stocks. That seems ideal to me as long as the interest rate was lower than the dividend yield.
OR you could borrow money against your IUL and invest in real estate using Max Leverage. That's where my mind is as I watch his videos
To have your money multiplied and working for you in multiple places. The third idea I had was to borrow against my iul in order to purchase the things in life that I purchase with money that is not taxable and then let my iul pay back the loan.
Isn’t going off average returns dangerous. Shouldn’t you be using actual returns instead. Since that’s the money that you actually see and get to utilize? Like over the past 10 years the average has been 8.9, but actual return was only 5.3. Before fees.
Also how would you structure the policy to not go up over time, since the UL is based on stair step term.
Sadly, all of the regulators require the insurance companies to illustrate using a flat average return. I agree that I think that actual returns would be better. We have built an IUL simulator that does just that, allows you to see the growth and the fees in a real simulated example. If you would like to speak with a specialist and see that, you can be introduced to one here: 3dimensionalwealth.com/getstarted/
@@missedfortune thanks. I ordered a copy of your book and I'll read to learn more so I can weigh my options as to it I'll start selling UL policies to my clients.
Hi, Which company should I get from?
Hi has anyone helped you? I don't work for Doug, I work for InVida and we have a department that specializes in IULs. This is my area of expertise and I'd be happy to talk with you if you need any guidance. If you still are needing assistance respond here and I'll send you my email.
Point me to the right one if you would, thank you
If you would like you can you can schedule some time with an IUL specialist who can answer more of your questions and even run some examples for you: 3dimensionalwealth.com/getstarted/
Can u review my policy?
Yes! Schedule a free consultation with one of our specialists here and they can help: 3dimensionalwealth.com/getstarted/
Why do you have a disclaimer on the bottom of your laserfund lead page "life insurance policies are not investments and accordingly should not be purchased as an investment" ?? That defies everything you teach/talk about. I was about to purchase your book but that disclaimer is so contradicting to everything you're saying
The regulators have declared that life insurance is not an investment. You must establish this as a need for death benefit. When you self-insure yourself, you can then manage that death benefit and experience the benefits and rewards of doing so.
Where can I get your Book
how's Allianz and Bloomberg Index IUL products?
They can be great! First make sure that your policy is structured correctly and you are funding it according to that structure. Once you have that, you can tweak your results by seeing which insurance company and product has they best indexing options. I have seen some great returns with Allianz's BUDBI index. They aren't the only one, there are also many many others as well to choose from.
Northwestern mutual has multiple AAA ratings. Do you consider them in your top 6?
They would be in the top 6 if you are looking at a Whole Life, but they do not offer IUL (Laser Fund). So in that case, no they are not in the top 6 because they do not even offer it. Look at Pacific Life, Nationwide, Allianz, Securian, National Life, Penn Mutual, Transamerica.
@@missedfortune allocation should be 50 percent s and p and 50 percent global?
Ramsey says this is a bad investment. Why would he have that view?
Hey Doug, not sure if you can answer this...but is Pacific Life even close to being in your top 6?
When/If structured and funded correctly, Pacific Life would be in the top six.
Thank you Sir, I just dropped your name with my financial expert and he loves your work. I feel much better after asking him the tough questions you teach to ask.
@@factshurt5362 What are those tough questions? Dont have the book yet👍
Hi Doug, I really like how you explained the IUL. My question is, it is possible to lose 30% of your money in the first year to insurance cost?
That is usually not likely when the policy is structured correctly. It is possible that there is a policy or insurance company that may have that high of an expense in year one, if so it better have extremely low expenses in later years.
Agents fees
How is this better than annuties?
So it does take 10 years to get the Insurance down to 1%?
Or can you max fund it to get to 1% insurance after 5 years if you have the money to do it?
If you are looking at the overall average, then typically yes, plan on 10 years. I have seen it done sooner, but plan on 10. If you are isolating a specific year, then yes it happens around that year 5 mark.
You keep talking about $500k and $1m. Do these make sense with only $50k to start? I'm 50.
Yes, you can definitely start with $50k. You can setup a time to speak directly to an IUL Professional we work with here: www.3dimensionalwealth.com/getstarted
If you have an average return of 10-11% and you made 25% and 55% some years, there had to be some really bad years in there
The worst these policies could do is 0% - never lose.
Can I hire you to get me the Best Buy ???
American National?
Hey Mr. Andrews do you care to discuss the class action lawsuits levied against you for the failed IUL's you've sold? You're IUL'S will fail give it about 5 years you heard it here first
I guess he doesn't want to discuss it
What lawsuit is it?
Doug, I agree. I’ve held meetings with three life insurance agents and they are very diverse in what they offer. Structuring it is QUINTESSENTIAL! Again, your book is stellar.
Some agents gave you “pro-forma” data and gave you whatever the computer spit out, not showing you a fully optimized policy. Structuring the policy is more important than funding it!
Ryan- Well said. I cannot say it enough, you MUST first make sure that the policy is structured correctly. Then, you must make sure you fund it according to that desired structure. The ensures the greatest efficiency and experience for the policy owner.
Mutual of Omaha?
Downside is that it’s a scam!
I've followed you for a long time and have all your books. I appreciate that you've brought attention to the IUL world. BUT, I don't like what you're implying in this video. It really scares people from getting IUL unless they call you since you seem to be the only one out there competent with this and know the only agents that can do a good job. And that's not the case. I don't think that's ethical. Give the proper attributes of a good policy and let people decide for themselves who to work with. There are even inexperienced agents listening to this and think they can't do this unless they turn to you. Not everything YOU say is quite accurate.
provide an example of something Doug said that was inaccurate please.
@@mikelarock9379 Implying that he's the only one that can do IULs properly. He talks quite often about earning 10% and keeping 9%, or some other numbers showing only a 1% difference between gross and net interest earned. This is not accurate in the beginning for several years. Costs are front loaded on the IULs. Later on the properly designed policies get quite efficient and you get the performance. But not for several years. This is especially true for older clients where the cost of insurance is higher.
He’s not implying he’s the only one, he literally gives us tips on how to find someone else who’ll do a good enough job.
🤣🤣🤣
Says a lot but says nothing at the same time