IUL - Indexed Universal Life Insurance
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- Опубліковано 7 лип 2024
- **2016 AVA PLATINUM Award Winner! What is Indexed Universal Life, or IUL?
Learn how Indexed Universal Life Insurance (IUL) can capture market growth while providing protection from market losses. Life Insurance has changed drastically in the last 25 years! This unique wealth-accumulation vehicle provides policy-holders with the potential to enjoy a happy, healthy, non-taxable retirement.
For more information, visit www.anallianceforlife.com
![Living Benefits Life Insurance - [EXPLAINED]](http://i.ytimg.com/vi/eSXSSH2WbOY/mqdefault.jpg)
![Living Benefits Life Insurance - [EXPLAINED]](/img/tr.png)
I love this product. Can’t go wrong having an IUL as a financial foundation and protection on both Life and Assets.
People who are not licensed life insurance agents shouldn't be posting their opinions on here because it is misleading for people who are interested in learning the real facts. I am a licensed Life Insurance and Annuities agent licensed in 13 states. Please don't believe everything that just anyone posts in these comments
Agreed 👏🏾
Agreed! Hello fellow agent. I’m licensed in 10. I’m coming for you lol
All you want is your commission. Lmao 😂 not saying is wrong but when you approach clients your main intend is to make money for yourself not for them.
@@diegochavez49ers yes but you should treat every client like it was you. If you out screwing people then may the wrath of god bend you over real good
Thank you sis. I'm here to learn because I'm working towards becoming a licensed life insurance agent. I have some very positive people in my life that is rooting for me to get this education and understanding.❤
I wish id found out about this when i was 18 !!
Within 3 months ill be taking the life and health insurance test pray for me y’all its going to be my third try lol
How’d you do?
@@chaseyboy98 i passed, the board has denied my license so now i am currently appealing the decline. Wish me luck !
Yeah did you pass?
@@apoemyouneed2843 Yes I passed! Now waiting im waiting for the final approval for the organization i will be working with.
So far things are in track
Well start now!
And if you have kids, I stared.my.daugjters at 14 says old...
I can help you if you have questions or want to get started.
Also if you need exam prep help, I can do that for you too.
Great explanation. TY
Very good explanation indeed. Well done.
Looks good, is there a way to access this video and use it?
Are you talking about how to get an IUL?
Can you borrow against the cash value of your iul? Also, can you borrow against the life insurance policy itself?
The simple answer is yes. Inbox me for more
Life Insurance has changed drastically in the last 25 years! Learn how Indexed Universal Life can capture the upside potential of market growth while providing protection from market losses. This unique wealth-accumulation vehicle provides policy-holders with the potential to enjoy a happy, healthy, non-taxable retirement.
Visit anallianceforlife.com/retirement/tax-free-retirement/ for more info!
Alliance Group PLEASE... you’re better off to buy term and invest the difference. IUL is a total scam. With ART you premiums go up every year. By the time your 80 years old your premium is so high and unaffordable the lapses and you’re screwed.
Robby Garcia Primerica cancer spotted, please don’t reproduce
Question, the video shows at $500 a month starting at age 35 to age 65 you could have $500,000 to live off of at retirement. Most people don’t have $500 a month I’m sure you would agree. However, if they did and was worried about retirement. Wouldn’t it make more since to put that $500 into a tax free ROTH IRA and have double the money saved for retirement (appropriatly $1,000,000) ? Definitely since there are mutual that’s averaged 10% interest even through financial down turns.
Your mixing apples and oranges here with the insurance and investments. And to be fair to your arguement this video did as well by advertising this as a supplement to retirement income. This type of "properly structured" IUL would be best suited for someone who is already on track to maximize their retirement investment accounts and needs another vehicle that would be a tax advantage.
@@ericgilliland6140 that makes sense. Point taken.
Great point @Eric. Also, there are limitations to how much you can make and contribute to a ROTH IRA. An IUL is a supplemental retirement tool and you can make as much as you want and open as many as you want.
@@Kenebaby A ROTH IRA is considered a qualified account which means it receives special tax advantage for individuals to be able to save for retirement outside of a job. This is why there is a cap of $6000 under age 50 and $7000 for 50 and older. If looking for an investment account to put unlimited money into and just pay taxes on the growth of it while having the opportunity to take advantage of the higher returns in the market. A “Non-Qualified” account would actually be the best option to maximize growth.
No bc you can only put 5-6,000 in a roth per year. It can also compound in an IUL as well as the death and living benefits that the roth doesnt offer
What a great video. Thank you!
Money is everything.
Do I have to pay back if I draw cash value after age 65!!! Do I have to pay tax!!!
Do the cash value decrease if I don’t draw cash value 100 age!!!
The policy and fee charge , going take all the cash value after age 80!!!
If the policy is put together properly, you can take loan from your policy. Without paying a tax. Do not withdraw money. You will be taxed.
@ Javier Alba - awesome explanation. I was told of this concept before I started as an agent a year ago, reading your explanation gives me more confirmation to why I believe IUL is powerful. Btw, are you an insurance agent?
Yes I'm an agent, former Financial analyst specializing in valuations of mutual funds and bonds.
Hi Wis , I’m considering to become an agent, let’s connect!
@@manuelhurtadotellez hi Manuel, let's connect. i'm in instagram @sebasrodny
@Crypto Boom - well, let me know. My instagram @pfa.eugale
😂 you clearly have never read a book about finance
Very cool and good to know.
I have a question; how do u get $60 k from IUL. Can u do an agent illustration? I did it with transamerica with same figure and max I get is $28k first year going up
We'd be happy to get you in contact with one of our agents in your area if you're interested in learning more!
Very plainly explained!
I'm interested in learning about this
Could you reach out to me with your experience? I just started working for transamerica and want to use it as a learning experience
This is the best video 🤩👍
If you want to get a product like this, go to a financial advisor who has a license to determine suitability. As this is not legally a security, an insurance agent can sell this and does not have to follow strict regulations on determining if this is actually a good fit for you like an advisor with a series 66 would have to do. Do you homework before you buy. Might fit for you, but you really don't know if you only meet with an insurance agent.
Insurance agents are fiduciaries
Prefect got a good idea now 🙏
When markets crash our Index is secure?
Lucien Vincent iul is a guarantee no loss to principal not on return on interest. So you will never lose a dollar you actually put in.
Unless you guys go bankrupt then how do we get our money then
Check your policy for the illustration page and follow the cash value column on to the second page and watch the cash value and the insurance be at $0 if you underfunded the policy like most.
@@BlessednFree the whole industry would have to go down for that to happen and if that happens that is the least of your worries, to much backing and ownership for many companies.
@@BlessednFree same thing can happen to a bank.
I want to know more about IUL.
Hi Nora,
Did you still have questions regarding the IUL? If so send me an inbox message and I am happy to explain to you.
Thanks! I'm not affiliated with this company, but this video is perrrfect
I love it!
Best Life Insurance to get that offers IUL?
Nationwide IUL is good.
If you want further help on learning more please inbox me and I am happy to help.
Lol Club Exempt.... Lets go!!! Jesus Baby!
Hello, asking for permission to repost this, please. Thank you! :)
What company produced the video? It’s great.
that was us! written, animated, and produced onsite in Alliance Studios. :) glad you like it!
is it possible to get a branded version of this video? I saw that there was another company that branded this video. I would love to have it to send to clients.
@@AllianceGroupLife Is there a way to get the video branded for my company? I see other companies with same video.
reirei425 Sorry for the late reply. If you saw a company with this video branded for them, it’s because they are partnered with Alliance Group. If you’d like to discuss working with us, let me know!
@@AllianceGroupLife Sure. I really like those branded videos
Wowww
This is a great video. Makes the IUL very digestible you the average person
So and IUL is a bad thing?
Robin Faye Artistry IUL is a great product 👍🏻
Robin Faye Artistry it’s a horrible product
john arrizon what makes it horrible?
Robin Faye Artistry it has the worst kind of term in it. Annual renewable term. That means your cost of insurance will go up every single year. And there’s lots of fees that are also attached to it
But does beneficiary will get both the Policy and investment, or just one?
Gecolby Wright so how that works,
A properly set up policy will have a death benefit that increases as your cash value increases. So let’s say your death benefit starts at $100k, as your cash value increases so does your death benefit. For example your cash value could grow to the $500k and your death benefit will be closer to $600k. So if you passed away you’re beneficiary would get the $600k at that time.
If you have any other questions feel free to ask. I love helping to explain whenever I can
@@Smalex1991 so in layman's terms, the client's beneficiary only gets one product instead of two, but the client paid for 2 products, right?
Gecolby Wright well it’s one product. The reason why you wouldn’t get, let’s say $500k and $600k, ($1.1m) is because as the cash value increases the death benefit increases in proportion to it. That way you only pay for the difference between the two - $100k in life insurance. Otherwise the insurance would be much more expensive; closer to 6x more. So with it being that way your cash value actually grows faster since more can compound over time
With IUL or Universal life Insurance you have 2 options to choose from. Option A and Option B. Option A when you die the company keeps all the cash value and only pays the death benefit. Option B the company pays both the death benefit and the cash value to the beneficiaries. It’s just that most can’t afford option B. Hope this helps you.
Lennox Jeffrey Option B is where it’s at.
Nice job!
Nice💗
I'm a IUL lookin a$$ foo! lol one theeee best investments Dinna and Timaar and Tru dizzles!
What age for terminal illness critical illness chronic illness
Any age so long as you are terminally or chronicly ill
The best product with living benefits that protects you and your family.
It’s really important for people to know that IUL or Indexed universal whole life isn’t a good product for people that can’t afford to overfund the policy. Every year the policy increases in cost because the death benefit portion is actually Annual renewable term life insurance and increases the cost every year while allowing the policy owner to pay the same but deduct the difference from the cash value plus 6-8% interest. Product can be good if you are going to over fund the policy but most can’t afford that but still have this type of policy anyway.
Would you recommend this as a retirement vehicle for someone who does not have an IRA or 401K because they are self employed?
If it is drafted correctly and not overshooting realistic expectations they can be great. Someone should not expect to fund a complete retirement with this.
Sammy Franco when you say drafted you are referring to properly structuring the insurance policy from the start. Here’s what I learned: A properly structured policy is anywhere from $7000-$20,000 a year going into that policy. With 78% of people in the U.S. living paycheck to paycheck this is definitely not the best product for most. Although most have it.
As long as the premium is sufficient (target or guideline) the client should be fine. It’s usually when an agent sets universal policies with minimum premiums, that folks fall into the scenario you’re speaking of.
@@lennoxjeffrey9380 Yes, they have to be created to be max funded to be beneficial. There can be some that are like you say, but you can max fund a 150k face value and bring someone in a great tax free income to supplement other retirement income. It would make zero sense to create an IUL with a huge face value on the chance that they MAY add money in over the years. I structured a child policy for a 16 year old at 150k face value, maxed her out with a premium that stays at $150 with an insurance premium that BARELY breaks $300 into her 70's. Try getting term insuance at that age. If she keeps that policy alive, it is a commitment, she will have approx 500k to 550k cash value to start an income stream. I wrote it SUPER lean, there is maybe 800 that can be added in over the life of the policy before it becomes a MEC, and I made a super low commission, but I did them right. I gave them what they asked for. Now, if you start later in life, like 35/40 and up, I really do my due dilligence to make sure I do not put the client in a bad position. I always look at projected COI and make sure I set a realistic face value to keep the insurance cost low throughout the life of the policy. I do agree that lots of people sell this without making sure it is suitable for the client. I am actually becoming an agent of service on an IUL someone has had for 7 years and they never heard back from the agent that set it up for them. It boils down to integrity. If it is not right for the client, find a product that is. So we do agree that this is not a one size fits all.
nice
Wow
I find these comments more helpful than the video.
Variable Annuities guys
401k and IRA as risky.... lol this was a good
Are they not risky
Follow the 10 commandments Christians and ask for forgiveness and repent from your sins!!
100th comment!
Sadly... i've learned...judges, many job leaders, and professionals dont know any where near as much as they should know. Ive also learned many within a community real estate, car salesman, and so on have business practices that are questionable. They all believe in the power of the dollar above helping their fellow man. They all will stick to the same lies to rip off consumers and not really give you the full details to save money. So it's hard to say... who consumers should listen to...
Two hunnid
so why do they call it universal?
has Multiple uses depending on the qualifying client.
Traditionally because it allows flexibility to pay less or more, and also can earn a variable rate (though is capped at 12, or 13 percent
Let's get together and see if you qualify
Thanks talk to you soon
Life death one policy? Saving one policy? Life Insurance fee not going eat up all my saving!
How do you save your money if I may ask?
sweetgoodygoody the fee charge eat all up
Sooo...how do you save you money?
sweetgoodygoody I think fee charge and death insurance eat all up the saving too!
Ahh I see so you don't save money. Got it. So you would rather put insurance on your car, phone, house, etc instead of your life which holds the most value?
500 a month for 30 years at a conservative 6.5% is $560.000 and you're not taking all the fees.
Michael Botzet looks like you just proved the example right if I’m reading your comment right
Michael Botzet the fees in this product over time are less than 401k over time and the rate of return is much higher
From a investment point of view its not worth it hidden fees will cost you. your money will be eaten up by cost.
victor wood over the life of the policy the costs would average around 1-1.5% for a well structured policy. And the fact that the average return is usually around 8%, that’s pretty good for something that offers protection from ever losing money. And imagine having the bond portion of your retirement (the part that you’ll have most of your accounts in during retirement) growing at 7-8%. You can’t do that in the market and not risk your money.
@@Smalex1991 for a 40 yr old what would be the premium for a 500k non smoker policy and based on what your saying how much will i have in my surrender value to use for retirement at 65 I dont want to wait till 85 or 90 to have a sufficient amount I would be to old.
Borris Boss it would be more premium per month at that age for that amount of death benefit... probably closer to $1000/m. But you’d still be at closer to 800k-900k cash value at that point and it would be growing at a pretty high rate for something that has a cap and floor
@@Smalex1991 if you take the same $1000 and buy a 500 k term policy for 35 yrs @$160/m that would leave me $840 difference if i put that away into a M F Roth IRA at a ave 9% return in 25 years it would grow to 950 k+ with an annuity with 7% guaranteed lifetime income I can get $66,500. If i take income with I U L at 65 what would I get? will i still have protection and still receive income at the same time?
Borris Boss the numbers I’m using are assumptions. It’s really going to be hard to get too much more detailed without an illustration specifically for you.
You’re putting in a lot of really specific numbers. I’m sure whichever route you take will work out well for you.
I personally would choose an IUL. Even into retirement you have the added advantage of using your death benefits critical illness/long term care rider to help you keep your money in the case you do need long term care in retirement. Otherwise the government loves to practically bleed you dry - not the best way to leave a legacy.
Check out the “power of zero” podcast if you’ve never done that before. The guy who runs it likes using all forms of retirement streams, including IUL, Roth, and 401k to max your income in retirement
google shared this with me. it wasn't helpful when i started asking it about you, so i shopped somewhere else.
Buy term and invest the difference beats IUL every time.
Sounds like primerica here🤣🤣
@@luvdaband6018 No, just someone who can do math.
When you purchase this, you ignore the fundamentals of long term investing. The insurance company has the right idea though. You bet against them. Do you really think a large corporation would make something like this is if they didn't have a large statistical advantage over you?
This is exactly FEG and WAG does. People are so stuck in their ways to get rid of their 401k and start investing in IUL. They don't realize they are getting screwed in their 401k. Huge taxes and fees after fees. They dump tons of money into their 401k and they can't retire on it because they run out of money.
My question with this is.
You contribute $500 a month x 12 months x 30 years is $180,000.
If you live to 85 and your getting 60k a year for 20 years that's a pay out of 1,200,000 when you only have 180,000 so that's 1,02000 in extra money. If everyone got that they would go broke plus how do you know they honor that in 30-40 years. The old saying it might be to good to be true. It's probably not.
Giving you tax free loans is how they make their money. Your Cash value grows with interest and they charge interest every year on the tax free loans. When you pass away, the insurance company will pay off the loan by taking it out of your cash value. They call it a self completing loan. It's similar to a reverse mortgage. Instead of a $500,000 or $1,000,000 house that also has equity, you have a life insurance contract that has cash value.
Jeremy Trejo .very well put Jeremy
You need to do more research. Nlg has more money reserved than banks. And they invest your payment so that it also grows. Just because it sounds too good does not mean it's not real.
@@jaytraheezy would you recommend this for a 40 yr old that plans on stepping full time into entrepreneurship at a non profit soon?
Malisha Goggans Absolutely! This can be a very powerful vehicle for tax free income. The only thing is your health is a qualifier. If you’re pretty healthy then there should be no issue getting you approved.
I recommend a Roth IRA and An IUL at same time then you can dump later ira roth into the iul and let it sit a few more years to have more 💰 🤑
No lie this is depressing yoooo why do we have to wait till we are old to live and relax like who came up with this crap
Did you say contribute $500.00 a month? Get Real!
its an example, you can have it asjusted according to how much money you make for example i do 200$ a month for my account
Armor King I do 200 as well. I can't afford 500
That's just an example. You could contribute $50 a month if you wanted.
Instead of putting towards a jobs 401k plan you can use that money for this plan.
you have to start with something. The more the better
How many comments here are nothing more than Alliance “schills” (employees) just making positive comments to support their business? Point us to TRUE customer comments to see what they think!
Don’t combine life insurance with investments, the only people who wins are the people who sells it
Valid thought, if this was the case then why do all the wealthy use this as a wealth accumulating asset as well as a responsible transfer of wealth protection for the family without paying taxes?? reason why the wealthy stay wealthy.
@@babbott2120 I agree there is place for this type of life insurance if your networth is above federal estate tax exemption, for a couple that’s over $23M, for most of us that’s just not the case.
People like you are arrogant, narrow minded and flat out dumb. Just because it is not recognized by the IRS as an investment, don't mean it's bad. Just like real estate, it has a whole bunch of different tax codes but can be one of the best investments ever, same as a properly structured life insurance contract.
@@paulyang5017 it’s not bad , it’s horrible, only people with below average IQ would invest in IUL, are you one?
@@hsiaochiangtang8911 yup, let's see how your investments turn out in when you start taking distributions. But because you are in a video forum that talks about IUL means you're illiterate and still learning so I won't bash you too much. :)
Take the IUL policy to an actuarian and see how they really work. This video is misleading
which vehicle do you recommend for retirement?
dave ramsey said its not a good wise choice to buy this
Dave Ramsey is a radio show host and author. He is not a good wise source to give you an unbiased opinion. Are you one of his show producers?
Dave Ramsey isn't qualified to even give advice on this subject, nor is he licensed to do so along with a lot of other areas he touches on. good information just not his area of expertise. his debt management is good for the average person needing help and getting back on the right track, that is about it.
Lol I’m not employed by Ramsey! You all sound like life insurance salesman who are mad he telling the people not to waste their money buying life insurance! 😂
I was listening until you mentioned Tucker Carlson. Get outta town with your propaganda scare tactics.
Lmao iul. Never invest into insurance and investments together.
The best thing to do is learn very well what to do with your precious income. Well means learn well for at list 1 year or 2 year.
Indexed Universal Life Insurances is a terrible product for life insurance and investing your money. It is very expensive with high commission.
Open a Roth IRA it will grow tax FREE
And if you use a quality financial advisor the commission will be lower.
Again IUL is a horrible way to invest.
Any knowledgeable person that is not trying to sale you the IUL will tell you the true.
Why does everyone have a fucking lousy opinion on what's better and what's worse? Then someone is going to say that you are wrong
You must be a financial advisor thatnlike to charge monthly fees that you get a percentage of.
The costs of permanent insurance, including an IUL, are always an issue to the average consumer. Bottom line is, everything has a cost associated with it, from buying a car, to getting a home, to investing. One difference with insurance is that its costs are front loaded. Most, if not all, investment strategies are back loaded. The difference is huge.
Front loaded means any cost associated with a plan is charged in the initial year or so. This is true with insurance. Beyond that, the charge is about one percent of the annual premium. Over the years, the total coverage, or death benefit, increases. When compared to the increasing amount of coverage, the cost becomes nearly negligible. When investing, the opposite is true.
The most common investment charges are back loaded, meaning that you are charged a percentage as you go. Depending on the contract, this charge can vary, to no less than one percent, though it can be higher. A percentage of what? Not of your monthly contribution, but the accumulation, or growth. So, the more your money grows, the higher the cost, year after year. The purpose of investing is for your money to grow, right? Well, under a typical investment strategy, the more you grow your money, the more you end up paying in fees, based on the same percentage, because you are charged a percentage of the higher amount. Over the years, this back loaded option turns out to be way more costly than the front loaded plan. Any savvy analyst will tell you front loaded costs are the way to go.
I would stick with insurance for this one reason. There are many other reasons, though. Exploring all of them would require a lengthier explanation than this. I would refer you to your local or trusted insurance agent for additional explanations, or you can reply to this, asking for further clarification.
You can only contribute $5500 to an Ira per year . You’re nuts 😭
@@terrenceholt44 Ed Slot the Financial Guru says Only the Roth IRA and the IUL gives you TAX FREE money in retirement. SO as a former Financial Analyst dealing strictly with Mutual Funds i can tell you the fees on an IUL are way less in the many thousands than an IUL once you start to take withdrawals. An IUL is an awesome product protected from lawsuits, judgements and probate. ALL other investments -- IRA's, Mutual Funds 401K are NOT protected from any of that.
If you need help with IUL? We're building a website to help you: www.iulhub.com/what-is-iul-1
Can you borrow from the IUL without being sick or injured without being penalized? If so, having paid hypothetically, 400 per month into it after 1 year what would this total look like or could you not tell what that number would be based on the stock market?