I don't sell iuls nor do I sell fixed indexed annuities. I'm a simple bread and butter whole life/term life insurance agent. I was also registered as a series 7 rep for 25 years. I have a total of 35 years in the financial service business. Very interested in your approach. Too manyIMP'S push their agents to sell the aforementioned garbage.
@LIFE180
Жыл бұрын
Hey William, happy to help and connect. Always feel free to email Chris@life180.com
@thechadbullock
4 ай бұрын
Thank you for educating on this. You saved me from getting into one of these.
@LIFE180
4 ай бұрын
Glad it helped!
@kh4853
Жыл бұрын
where can I read about the new regulations? and wont they just come up with a new twist on the IUL or a new product to circumvent the new regs?
@LIFE180
Жыл бұрын
They will come up with new twists, for sure....but it'll be harder... lifeproductreview.com is a great resource for regulation update. Plus you can watch my video with Bobby Samuelson that I interviewed him.
@bradjohnson2273
8 ай бұрын
5% loan interest right away? aren't most loans only charged an interest rate after you loan more than premiums paid into policy?
@LIFE180
6 ай бұрын
No, the 5% in annual. If you hold the loan for an entire year, you'll pay 5%
@bradjohnson2273
6 ай бұрын
@@LIFE180 sure about that?
@LIFE180
6 ай бұрын
@@bradjohnson2273 am I sure they don't just hit you with a 5% loan fee day 1? Yes, I am sure.
@christianlopezyourhelpfuld7079
6 ай бұрын
You have good points in this videos. I’m curious, you talk bad about IUL’s do you have videos about whole life pros/cons? I can sell both and I would like to learn more about whole life. You didn’t mention in your video about the compounding interest on the 600k in your example. You broke everything else down. What was your reason for withholding that information? WL policy Questions? 1. How do loans affect a whole life policy? It’s my understanding WL policy loans are at about 5% too. 2. What happens to whole life guarantees if I stop paying premiums? It’s my understanding you forfeit guarantees if you deviate from the original signed contract. 3. Do you have an example of what withdrawals look like with ALL fees illustrated in the WL policy? Thanks for your help. Trying to better understand whole life.
@LIFE180
6 ай бұрын
I have an entire playlist...
@LIFE180
6 ай бұрын
The Power of Whole Life Insurance: kzitem.info/door/PLrRnvQl4pMjhz0I2DjIvIhdC5dpYDJn6s
@zurismommy
Жыл бұрын
Do you have a video on the positive side? Because I have not experienced any of this and have see alot of positive outcomes.
@LIFE180
Жыл бұрын
You have seen a lot of positive outcomes on IUL? Please share them with me. You should be able to win the #IULchallenge then.
@onlywatch99
Жыл бұрын
@@LIFE180 See if this person will have a 1-1 conversation with you. THAT I'd pay to watch LOL!
@christianlopezyourhelpfuld7079
6 ай бұрын
Check out Doug Andrew
@kellywhyte4806
Жыл бұрын
I am being told to roll my 25 year old whole life policy into a IUL because it’s better and to get $$ out tax free and still have protection with a floor. Asking me to start with a lump sum, pay premiums till 65, then will be fully funded. Is that correct? I am 53
@LIFE180
Жыл бұрын
Whoa whoa whoa!!! Don't do it. Send me anything you want for review... that could be catastrophic. Chris@life180.com if you need help
@Seccheus
7 ай бұрын
Actually and IUL might not be a bad option combined with your 401K, ROTHs....etc by age 59 1/2 you could take out small loans. Just stay away from greedy agents looking for a huge commission. I know a couple agents that will greatly reduce their commission which helps!
@jeffreykamke
3 ай бұрын
@@Seccheuswhy in the world would you take an efficient WL policy and start the clock over and inject tons of risk in a situation like this?
@keithmachado-pp6fv
5 ай бұрын
I have a universal life policy but it is not an indexed policy. It pays a flat 4% on the cash value, which until the past two years was way better than I could get risk free in another investment. I have it funded to the maximum allowed, in fact I received a letter from the insurance company indicating I needed to stop adding cash value or it would become a MEC. Therefore I am letting the interest from the cash value cover the cost of insurance (for this year the interest is double the insurance cost). In 2024 the interest rate has increased to 5% but only on “new money”. Since insurance is FIFO, can I withdraw up to my basis and reinvest it a month later to get the extra 1% new money rate?
@LIFE180
5 ай бұрын
I would need to see the policy design. But if you like UL, whole life is even better - especially in a lower interest rate environment
@angelbinakingcheung-qy8wr
Жыл бұрын
If i don't loan out $$ after retirement, my purpose is to keep the life insurance face amount plus the accumulated cash all for kids for death benefit, is it possible? Or the insurance cost after 20 years will eat up the policy?
@LIFE180
Жыл бұрын
Not really. Once you stopped funding the policy, you would change the death benefit from increasing to level. As the cash grew, that would keep the death benefit flat, closing the distance between the two. Plus, there would still be some risks with COI increases. Granted, if you are using for insurance only and the policy had been properly funded, those risks are low. I would still choose whole life over IUL every time in this scenario.
@Seccheus
7 ай бұрын
The guaranteed column dose matter. If designed correctly your policy will not lapes as long as you make your premium payments. In fact if I treat my IUL policy like you treat WL policies and only take out occasionally loans and paid them back as well as paid a based premium the policy still would not lapse.
@hanselbermudez7604
Жыл бұрын
Loans are 0%, loans reduce db therefore net amount at risk stays the same
@LIFE180
Жыл бұрын
Not how it works. Loans have a cost. Loans owed will be handled by the death benefit upon death, but there is a cost, and it gets ugly in IUL very quickly in the retirement years.
@elaineresendez4419
Жыл бұрын
So you misrepresented your information to your listeners
@LIFE180
Жыл бұрын
How so?
@onlywatch99
Жыл бұрын
Please do share the misinformation as I believe those of us watching are here to learn from others. Thank you!
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