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@ivanpetrushin8427
2 ай бұрын
No free IUL review? Only chance to win 1000 for a worst performance?
@frankrothiz4u
Ай бұрын
It would be very helpful to all of your subscribers & viewers to have Doug Andrew on your show for a discussion, not a debate nor argument but a simple discussion so we can see 2 experts with differing opinions on the IUL, please consider this request, thank you.
@LIFE180
Ай бұрын
I am all about it. I have been on the record a multitude of times that I would debate, do a discussion panel, or any other live conversation with him. He won't do it....
@frankrothiz4u
Ай бұрын
@@LIFE180 Well then that's on him, I am disappointed that he won't sit and discuss the Max Funded IUL but it is what it is. I appreciate your reply, thank you .
@LIFE180
Ай бұрын
@@frankrothiz4u if he is ever willing to talk, I am here....as long as he is willing to do it on camera. I would even fly to him....or invite him to the DR. Either way, I'm in.
@browardnation9368
2 күн бұрын
Great freaking point imma have my mortgage who. Good with these numbers i like that he is telling me where to inspect my question is why he moved his fam to DR?
@browardnation9368
2 күн бұрын
@@LIFE180 ill be happy to the video with my production company to provide a neutral side in this argument
@danbarrett949
2 ай бұрын
What about what the gains need to be vs. loss to get back to even? A 50% loss takse a 100% gain to get back to even. Post 2008 crash it took most Americans 5-8yrs to get back to even in a typical 401k plan. A friend lost $750,000 of a $1.5Million NYS Pension and never got it back to even by 2020.
@LIFE180
2 ай бұрын
That's all true. What about the fact that a 0% S&P return can lose your IUL over 20% cash value while you are in retirement. Did you know that?
@josehernandez-gu7yt
Ай бұрын
What about the dead benefit amount. People that have IUL insurance cannot borrow against the dead benefit amount. They are only borrowing against the cash value. If you are able to gain compound interest and borrow it so you don’t have to pay taxes. This is great money to buy property investing or start a small business. It essentially gives you some capital to even earn more wealth. Let’s just say that people utilize it in this manner. Then when they die they might not have much cash value, yet they acquire other assets that off set the cost of the fees and administration cost. At the end of the day they still left behind the dead benefit amount and their beneficiaries received money. Dead benefit amount is not taxable. The cash amount that earns compound interest gains is taxable.
@tyronbooker605
11 күн бұрын
Great video because I’m new at learning about a iul
@LIFE180
8 күн бұрын
Check this one out then kzitem.info/news/bejne/z6-vxamng2iJgoI
@STOPPROCASTINATING
2 ай бұрын
Hey man! Thanks for the video. I’ve been an agent for about 6 months and just started getting into whole life/iul policies. I’m still on the fence about iul and whole life. I know people who have both. It’s hard to figure out the best route to go just because there’s so many people on each side saying they’re right.
@LIFE180
2 ай бұрын
Fair enough. Do your own research and go deep into the actual risks of each. Don't just focus on the "potential" and hype....
@STOPPROCASTINATING
2 ай бұрын
@@LIFE180 for sure. I haven’t written any of these policies and with so much on the line for the person purchasing the policy, and I wont until I feel like I am an expert. Which I am not haha. Thanks for the videos they help a lot!
@rukiddingmeNJ
4 ай бұрын
I also must say I do like how you get into the weeds and explain a lot for the layman.
@danbarrett949
2 ай бұрын
With the current market crash conditions & will be 50-65% for the NASDAQ what would "preserve" wealth the best? 401k? IRA? Banks Savings Acct? Bitcoin? If IUL is a portion of total money what would be a healthy proportion?
@LIFE180
2 ай бұрын
I wouldn't have IUL as any portion. If you are looking to diversify, use properly structured whole life as the safe money portion of what I call and "opportunity fund" to prepare and take advantage of opportunities that will be created during the correction.
@mrgreen859
2 ай бұрын
Really informative video and thanks. I was under the impression of IUL being the coolest thing since Kool aid. Question can you rank in order of best value: Whole, Universal and Index universal. Lastly, would it be wise to assume IUL is trash overall or IUL can be good base on how you structure it? Thanks
@LIFE180
Ай бұрын
I would say that you can do all of them wrong, potentially. But, when done right, the only one I would use (if you care about access to CV) is whole life insurance. IUL or GUL can be used for a legacy play...but touching the CV will ruin that potential most of the time.
@hanswhite
3 ай бұрын
Chris what are your thoughts on Bitcoin denominated Whole Life Insurance? I'm not sure if you have researched into this at all? Do you think the major mutual life insurance companies would ever adopt such a concept? Thanks!
@LIFE180
3 ай бұрын
I think one of the powers of whole life insurance is that the money is in the General Fund of the life insurance company. So if BTC becomes more of a relevant play, they will integrate more of it in the performance and underlying value of the GF
@daviddavis4048
2 ай бұрын
Do IULs ever invest in Put options instead of Call options?
@LIFE180
2 ай бұрын
No
@jolliepersona3260
Ай бұрын
So you sell whole life only I can say that right?
@LIFE180
Ай бұрын
No, we sell IUL when applicable. The problem is, IUL is misrepresented by most online influencers and agents. Give me your best illustration showing income and email to Chris@LIFE180.com and I will show you why if you actually want to learn.
@eaalliancegroup
3 ай бұрын
Why do insurance companies sell it then ?
@LIFE180
3 ай бұрын
It can work as a permanent term product. Not for income...that's where it is misrepresented and is dangerous
@DEOSR559
3 ай бұрын
I'll be honest with you I watched your video to see if what I'm doing is hurting people but everytime I've designed an IUL I really spend hours on them because there are so many factors. At the end of the day an agent can just make a sale but thats not right companies need to do a better job hiring to make sure the people that are representing them arent scumbags.
@LIFE180
3 ай бұрын
Sounds like you're trying to do the right thing. I applaud that. The problem is that the carriers sweep the risks under the rug and don't really train agents.... Check out this video. It might not be the company you sell, but principles of how they work are the same. kzitem.info/news/bejne/k6yq0H9-sZaGnm0
@Seccheus
4 ай бұрын
All depends on the index and the carrier.
@LIFE180
3 ай бұрын
Your beloved NLG is one of the worst...lol
@Seccheus
3 ай бұрын
@@LIFE180 so you say. However that is just an opinion.
@Seccheus
3 ай бұрын
@@LIFE180 Lowest FV/APB (cost of insurance, expenses and fees) with a 7% LIBR at age 65. That is not the best!
@multimeter2859
3 ай бұрын
Has anyone won the IUL challenge yet?
@LIFE180
3 ай бұрын
Nope...
@Seccheus
3 ай бұрын
Still too early for people to start taking loans out. You should wait until age 65 or older after funding the policy for 30 plus years. That means you would have had to start your IUl 35 years ago at 30. IULs have not been out for 35 years. CK knows this. Plus he is not offering enough for the challenge. 1000.00 or 2000.00 is less than his WL commission so why would it be attractive to an IUL agent.
@sailingonasummerbreeze7892
4 ай бұрын
If we bought an IUL - and stopped paying the premium - what happens? Do you lose your principle along with the life insurance portion? Just trying to understand if you have to pay into an IUL until you Die, or lose it all?
@Seccheus
4 ай бұрын
Depends on a few things. The right client can get an IUL designed with the lowest cost, expenses and fees possible, Max Fund it (80% or more over that cost...etc) to the GLP. Then after 25 years (for example) stop paying the premium and the Cash Value will pay the premium. It requires the best design with the right carrier and you can't take out loans. You can use the LIBR if you meet all the requirements.
@sailingonasummerbreeze7892
4 ай бұрын
@@Seccheus Seems like too much work...I had a 'financial advisor' try to sell me one, I backed off after researching (how I found this channel). Turns out he was just an insurance salesman with his commission in sight, not my best interests. I want to be able to pull my money out of an 'investment' at will. I leverage tax protection (or deferral) via Roth and traditional IRAs. I cover my insurance needs via low cost term policies. If I was younger, I might consider a whole life policy, but I don't think I have the need for one of those right now (unless as a tax avoidance strategy for my heirs).
@Seccheus
4 ай бұрын
@@sailingonasummerbreeze7892 IULs are not for Lazy people you have to do the research/work.
@Seccheus
4 ай бұрын
Depends on how much you want to pull out and when you pay it back plus interest.
@mattseibert
4 ай бұрын
@@sailingonasummerbreeze7892 Sounds like a WFG agent
@rukiddingmeNJ
4 ай бұрын
I didn’t even get through “lie” 1 and found that your content doesn’t hold water. Dude, your videos are popping up on my feed now and I just had to watch. You must deal with almost ALL life agents only and you don’t know what you don’t know. You don’t HAVE to bash IUL to sell WL. Why?
@ianvogelmedia
4 ай бұрын
The person who sold me my IUL told me the 7% illustrated rate was conservative and that it would probably do 8% because of the historical returns of the S&P over the last 20 years was 8.15%. I was recruited into WFG by that guy and everyone on the team learned to sell IULs like that. In my direct and personal experience, lie #1 definitely holds water. I was told that my target funded IUL would likely get an 8% ROR. That should be illegal.
@rukiddingmeNJ
4 ай бұрын
@@ianvogelmedia What he’s saying here is not, not true. In a way. Being an insurance specialist myself, I know that’s bullshit and not the right way to place business. I agree. I’m an advocate for most permanent, cash value life insurance however, they’re all not perfect. The big picture here and the point I’m trying to drive home is that, and I tell EVERYONE this, go to an independent advisor and not one who is beholden to one product and/or carrier. As far as the case design he is pointing out, the illustrative rate can be changed by the case designer AND, the IUL illustration SHOULD show the alternate and guaranteed rates. These should always be reviewed with the prospect. The presenter in this video does an excellent job explaining things IMO however, it doesn’t tell the whole story and not every advisor out there doesn’t do that kind of smoke and mirrors. Me being one of them.
@rukiddingmeNJ
4 ай бұрын
@@ianvogelmedia I just replied with a lengthy of explanation, and the owner of the video deleted my comment. He just proved my point.
@jeffreykamke
4 ай бұрын
@rukiddingmeNJ When are you scheduling your live debate to put Chris in his place on IUL? *Popcorn ready*
@rukiddingmeNJ
4 ай бұрын
@@jeffreykamke 🤣I didn’t think of that! I would imagine that would get quite a lot of clicks. Is it possible a collaboration is brewing?
@Seccheus
4 ай бұрын
You found a way to make even IULs boring. Congratulations now all your content is boring.
@themillennialwealthcreator
4 ай бұрын
Got anything productive to say or just useless personal attacks?
@Seccheus
4 ай бұрын
@@themillennialwealthcreator yes read ALL of my other comments buddy BTW how was my comment a personal attack?
@themillennialwealthcreator
4 ай бұрын
@@Seccheus I did buddy. Lol real productive stuff. Didn't realize people are "lazy" if they don't want to deal with all the things that can go wrong with an IUL. Guess I have to build up my work ethic over here!
@Seccheus
4 ай бұрын
@@themillennialwealthcreator lazy people get lazy results. Same with WL. Design it wrong and it will eat up the CV growth and take years or a lifetime to build back up.
@themillennialwealthcreator
4 ай бұрын
@@Seccheus You have fun "not being lazy" managing NAR, navigating cap and par rates, worrying about stock market performance, options costs and budget, horrible proprietary indexes etc. etc. etc. I'm going to be "lazy" over here and just watch my whole life policy grow for the rest of my life without issue. And time will always bail out a bad WL design. Nothing will bail out a bad IUL design. It will always lapse. Cute analogy though.
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