Would you like to know or are you just being difficult?
@gottech5601
Ай бұрын
@@LIFE180 how so u structure it properly?
@georgeessres8158
Жыл бұрын
I am about to join life180 and extremely excited about it because you focus on educating the agent which ultimately helps the client and their financial well being for the future, is this training in the skool training?
@LIFE180
Жыл бұрын
I don't think this one is in the Skool agent training portal. We keep most of the videos in there specifically for higher level training for agents contracted with us. Welcome aboard!!!
@johnheine4099
Жыл бұрын
What is the typical range for the single premium policy? Is there a minimum? Does it still work at the minimum amount?
@LIFE180
11 ай бұрын
That is a good questions for Danny!
@juancardona6852
Жыл бұрын
IUL, finally listening the real purpose of it, it’s also a good tool depending on client needs.
@jingfenghe4234
12 күн бұрын
I'd like to learn how to structure these policies.
@LIFE180
11 күн бұрын
You also have to make sure you are using the right insurance company. Not all IUL companies offer the features. I can connect you with Danny if you want
@roberthoward5789
2 ай бұрын
I heard that with life insurance in general and IUL specifically if you are sued it can't be taken and if you divorce as long as it isn't set up to be split up then it can't be forced into a settlement. Is that true?
@LIFE180
2 ай бұрын
It is protected against creditors and lawsuits in most states. However, the protection from divorce isn't so clean.
@freddykrueger8759
Жыл бұрын
Thanks😊
@LIFE180
Жыл бұрын
Welcome 😊
@user-zj1oi8rf2e
Жыл бұрын
My financial advisor has suggested that I convert an inherited IRA into a IUL policy for retirement income, LTC rider, and wealth transfer. Are there are any pitfalls I need to be aware of or specific questions I need to ask?
@LIFE180
Жыл бұрын
Wow, there is a lot to say about this. Here is a playlist to educate yourself with: Indexed Universal Life (IUL) 2023: kzitem.info/door/PLrRnvQl4pMjiL5rhDp-eAIG9S-Fj3LLnh
@paulharvey9961
24 күн бұрын
So you’ll most likely want to convert it to a Roth over a few years so the taxes you’ll have to pay not be so much. Then fund a life policy but maybe not an IUL. Contact me for guidance if you want to do it the right way
@paulharvey9961
24 күн бұрын
So what IUL carriers have the return of premium?
@ChadXYang
3 ай бұрын
When is the training coming?
@dannyfinancial214
Жыл бұрын
What is the name of the carrier with the return of premium?
@LIFE180
Жыл бұрын
Email Chris@life180.com and I'll connect you with Danny so he can tell you
@dougjacy
6 ай бұрын
ask Danny how many companies offer return of premium waiver even during the surrender period please.
@leoneltirado
Жыл бұрын
Ok so this seems great for someone in their 60s, so in what situation what it make sense for someone in their 30s?
@LIFE180
Жыл бұрын
Then I would STAY AWAY from IUL and go with a whole life policy and use it like I coach in my book - www.CashflowHackingBook.com
@maribelgonzalez4555
4 ай бұрын
I was hoping he was going to illustrate how to do it. I'm gettinnt started selling IUL coming from Term only and would've loved for him to show how to do it.
@LIFE180
4 ай бұрын
I will ask if he can show an illustration, but I doubt he will show it being made. in the software due to compliance and public videos
@maribelgonzalez4555
4 ай бұрын
@@LIFE180 I've seen videos before where they show it. that's why I asked.
@LIFE180
4 ай бұрын
@@maribelgonzalez4555 yeah, sometimes people do it....not supposed to show the illustration software on public client facing content....
@maribelgonzalez4555
4 ай бұрын
@@LIFE180 they create a fake name but that’s ok if you guys don’t show it that’s fine
@LIFE180
4 ай бұрын
@@maribelgonzalez4555 showing an illustration is okay....showing the software is not.
@Seccheus
9 ай бұрын
So you are supportive of the IUL. This is the video I was referring to. From the one sided conversation and title.
@LIFE180
9 ай бұрын
Supportive is a HUGE stretch. There is a place it works. Single pay MEC WITHOUT using it for income...only using it for legacy planning. Pretty much the opposite of how people sell it.
@Seccheus
9 ай бұрын
@@LIFE180 there is a velocity banking strategy that lowers the cost of the 1M NLG product to 400.00 a year. That is the best legacy strategy I have seen.
@binjones
Жыл бұрын
Which books are he referencing?
@DanielRondberg
Жыл бұрын
Tom Hegna - “Don’t Worry Retire Happy.”
@juanenriquerod1968
Ай бұрын
how can i get in toch with this gentlemen for training i really love
@LIFE180
Ай бұрын
Email Operations@LIFE180.com
@TheMoneyRecipes
Жыл бұрын
This is coming from myself who chose to become an IUL specialist and can work with 50+ companies and have called carriers to learn from, spent countless hours illustrating scenarios that were outside of the box and I have thought of this as well. Example would be instead of an FIA, do exactly this and intentionally MEC a policy to “turn pennys into dollars” and I must say thank you for this. I’ve actually done deep research as well on this and have been trying to see how to add this strategy to my skill set. What I’m getting on my illustration system for a 70 year old with return of premium and surrender enhancement rider is if I did a $100,000 lump sum with a $200,000 DB, it lapses in 17 years. Wouldn’t it be wiser to find a LTC specific product to turn that $100k into a $303,000 LTC benefit if activated after 6 years?
@LIFE180
Жыл бұрын
Different companies allow this MEC strategy better than others. Most don't perform great. You have to find low COI products that are more designed for legacy and not cash growth. We also have access to over 50 IUL carriers....we just choose not to sell them 99.9% of the time because typically, whole life is the better fit. This, however, can be an area where IUL works. That said, this is a strict legacy play. This only works perfectly if they are fairly certain they will never need access to the cash. Granted it's there if they do need it, but it's not the most efficient play if they think they will need to. FIA's are great for income. An IUL will never compete with an annuity from a distribution perspective. They may illustrate like they will due to Regulation AG 49-A, because it allows positive Arbitrage to be illustrated, which bumps up income projections. In reality, that's not how it works....that's why they are amending that regulation this year and illustrated income will be dropping a lot on these illustrations.
@LIFE180
Жыл бұрын
You can also get a whole life policy with a LTC feature attached. We work with a company that does that the best and most affordable way. It is great leverage, for sure. Ultimately, it seems like you are a critical thinker, which is awesome. Happy to connect and help if I can.
@JoseHernandez-rv3wk
Жыл бұрын
I am 66 years old and never had a life insurance plan. Have been thinking about a whole life plan that I could set up as an infinite bank. I am currently working as a truck driver because I just can't afford to retire and make about 40K a year(plus or minus). I am collecting S.S.I. which helps a great deal .I receive the maximum amount because of my oil field background and have a decent pension that l will receiving very soon. Could you please recommend a type of policy that would get me started in the right direction. I saw one of your videos where you talked briefly about a premium dump to get to a point that would allow me to borrow against the policy in a shorter period of time, if need be. Because of my age, would that be a feasible route to take? the max,
@LIFE180
Жыл бұрын
I would say to email Chris@LIFE180.com and I will connect you with someone who can guide you in the right direction. There is a lot more info needed before any real guidance could or should be given....happy to help point you in the right direction if you email me.
@acjenings5232
2 жыл бұрын
I just want to know what carriers you recommend for the spiul and other products here
@LIFE180
Жыл бұрын
Carriers vary by case. I don't ever recommend specific carriers in comments without knowing scenarios and then connecting you with my team. Sorry
@kbunky69
2 жыл бұрын
Wow awesome video great to have Danny on your Life180 team . Great information and service to viewers . Have a blessed day you guys
@DanielRondberg
Жыл бұрын
Thank you so much!!
@dannyrondberg1890
2 жыл бұрын
Chris! Thank you for having me on the channel! What you’re doing is so important for the industry! I really appreciate you being objective on this topic. I think you’re really bringing true value to this space.
@Mr.RobinsonLBC
Жыл бұрын
Do you set up your IULs for California residents? If so, what is the best way to contact you? I like the IUL concept of annual money once retired. WL is cool, but a guaranteed annual supplemental income is my goal
@ianvogelmedia
9 ай бұрын
“If you don’t have a plan for long term care you don’t have a retirement plan” that blew my mind. So true… If the likelihood of needing LTC is 73% for an individual then the likelihood that at least one of a married couple will need LTC is 92%. Thanks for driving that point home 🙏
@alexandrehenriquepinto7731
4 ай бұрын
Hi Danny, thanks for all your input. Could you tell me what are the carriers that offered the return of premium and waiver of surrender charge riders on their IUL plans?
@prezedentx
2 жыл бұрын
Eye-opening! Great stuff.
@LIFE180
2 жыл бұрын
Thanks Patrick
@dannyrondberg1890
2 жыл бұрын
Thank you so much!
@sheriralli
Жыл бұрын
I’ve never even considered this! Great 😮
@DanielRondberg
Жыл бұрын
Thank you!
@jonathanmgoodman
2 жыл бұрын
Could the loans be tax free for a MEC if the loaning agent is a bank or their party that uses one’s policy as collateral?Essentially a cash value line of credit from a their party and not the insurance company.
@LIFE180
Жыл бұрын
Yes 👍🏻 using a CVLOC you can get tax free access. They may reduce the percentage of the LOC a bit to manage the tax risk, but it’s possible.
@DanielRondberg
Жыл бұрын
That’s a great question! Also, a very interesting point! I don’t use it but I really think that’s an innovative idea! Great input!
@quenteznelson
Жыл бұрын
@danny I would love to fly to AZ and meet,I live in Florida! I'm a struggling agent and would love to get a deeper knowledge and understanding about IUL'S. How can I get in contact with you sir?
@LIFE180
Жыл бұрын
Email me - chris@life180.com and I will connect you to Danny.
@quenteznelson
Жыл бұрын
@Chris I sent a reply to the email provided. I got a failure to send... I did resend again though.
@LIFE180
Жыл бұрын
@@quenteznelson chris@life180.com gave an error?
@quenteznelson
Жыл бұрын
Yes sir. It happened on my 2nd attempt as well
@LIFE180
Жыл бұрын
@Quentez Nelson ummmmm.... that makes no sense....everything seems to be working fine on my end. Try operations@life180.com
@patrickdavenport9166
2 жыл бұрын
Why not use whole life in this instance?
@LIFE180
2 жыл бұрын
My answer to that is, I would use Single Pay MEC with whole life. But not every company has a good single pay MEC contract... The point of me making this video is to show that it is an area that I can see IUL having some merit... Although my personal leaning would be with one of our preferred WL companies still.
@DanielRondberg
Жыл бұрын
I use both depending on the needs and goals of the client. WL can work really well in a lot of these situations.
@predatorhunteroutdoors
Жыл бұрын
This was focused around folks in their 60s 70s and 80s…? Why? Most folks at that age already have things figured out. Why don’t we do another video for those in their 30s and 40s in reference to weather an IUL has any benefits at all?
@LIFE180
Жыл бұрын
I focused on those ages because that is where it works best. People who have figured it out for retirement, to now figure out how to pass wealth in the best way to the next generation. I have lots of other videos talking about the 30's - 50's. IUL doesn't work for them as well, because it is sold as a tax free accumulation and income vehicle. In that respect, it is the most misrepresented and misunderstood product in the financial industry.
@LIFE180
Жыл бұрын
I would encourage you to check out my IUL playlist. You can find on my channel home page.
@PinoyMnemonic
Жыл бұрын
Why this strategy can only be useful at 60+ and not during accumulation stage?
@LIFE180
Жыл бұрын
Not that it can't be used during accumulation at all, but if you use it during accumulation stage, you lose the tax benefits of the policy because it is a MEC policy. So for accumulation, that rules it out.
@3vzjiw4
2 жыл бұрын
Im asking this early in the video but what are the differences between a single premium IUL and a fixed indexed annuity?
@dannyrondberg1890
2 жыл бұрын
Great Question. Both have indexing components, however one is life insurance and one is an annuity. The single premium IUL is a life insurance policy. They are just different products. It would be a great topic for another video!
@LIFE180
Жыл бұрын
The major differences are in the guarantees, variable costs, and insurance benefit
@cgingermany
Жыл бұрын
So wait, what do you recommend for a 43 y/o?
@LIFE180
Жыл бұрын
Depends on your goals and objectives for the policy. How do you plan to use it?
@AboveAvgMan
10 ай бұрын
For a 43 year old I recommend a 29 year old
@xLopez210x
2 жыл бұрын
Broke college kid here… taking care of a sick grandmother living off of a fixed income and SS. I was forced to quit my jobs to take care of her with no help in any aspect. I need some clarification, advice, and basically a dumbed down explanation of how can i use Whole Life or an IUL to my advantage given my age and low income to maximize my future. Everyone is leveraging an IUL and then others say an IUL isn’t good on Tik Tok and KZitem so what am i suppose to do if nobody is actually explaining it in detail?
@LIFE180
2 жыл бұрын
Check out the IUL training Playlist on my youtube page. I have a lot of videos that hreak it down in detail
@dannyrondberg1890
2 жыл бұрын
First off, way to go taking care of your grandmother! Second, there is a lot of noise out there about life insurance and finances. I was just scrolling around and it’s overwhelming. It’s a great question but the answer really is, it depends. It may not be the right time to try and leverage life insurance. Once you get clarity on your mission and goals then it’s easy to reverse engineer solutions that will help you move towards them. Have you sat with a agent to really discuss what you’re trying to accomplish?
@xLopez210x
2 жыл бұрын
@@dannyrondberg1890 I’ve actually tried several contacting the highest rated companies but haven’t had any luck with a response and it’s been 3 weeks now. Then i stumbled across several information videos including Life180. Now I’m waiting on Policy Genius and Life180 phone calls tomorrow. I’m just frustrated that it’s so difficult to find information or help from anybody without jumping through “unknown” hoops
@freddykrueger8759
Жыл бұрын
Biden has money to help illegals coming across the boarders...not you.. wake up America vote trump😅
@KayKay-jc7om
4 ай бұрын
Hi@@xLopez210x
@Sideler74
Жыл бұрын
@ 9:50 he says massive fee’s in an IUL… he tells you point blank. Do not ever get involved in any type of cash value life insurance
@LIFE180
Жыл бұрын
The better and more educated question is, "compared to what?". If you're using it for guaranteed life insurance forever as a tax free pass on to the next generation, cash value life insurance is the only way. Anytime someone like you says never do something as a blanket statement, that's the real problem. Statements like that are based in emotion and not fact. You have your own life experience that has you feeling that way. Have you ever paused to consider the other side?
@joesmith9483
2 жыл бұрын
i think an IUL is great if income tax is 80%.
@LIFE180
2 жыл бұрын
This use case really doesn't have much to do with income tax rates. IUL for long term income planning is never a solid plan
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