Відео

This was very excellent. I appreciate you for sharing the good, the bad and the ugly.

What exactly did this man say??

I just can't wrap my head around that. Not knowing what to do when I retire. I would definitely be able to keep myself busy and enjoy life to the fullest

I’m 40 and I have no Purpose

Is it best to change your ULI from increasing death benefit to level benefit at a certain point?

Even as a savings account the return doesn’t make sense

I assume the income is taxable.

simply. YES. plus fees. good luck

lol your not wrong this is a terrible training and very off base, not all FFL trainers are like this, I believe a majority of trainers are good it’s definitely a group to group thing. I feel as is you generalized the whole organization. It was a great breakdown and informative and I understand why you picked this person in particular to break down. Great content enjoyed the video definitely grabbed my attention.

If you are paying taxes up front then it’s not the same as a 401 K. Just as much as you aren’t over funding a whole life you want the death benefit verses the cash value while you live. If you are selling an IUL you are using it as a borrowing source that has nothing to do with your retirement or other investments. That is more so why I asked the question on the video with you and Cody Adkins.

“I’d rather have more than less” *puts hundreds of thousands of dollars into WL which will compound to exponentially less money at retirement age*

You are dangerous....you are stating assumptions about a product you have no clue on how it works. The annual income required is not 100K-150K....it's more....you are a compliance nightmare.

How is it an emergency fund? You have to take a loan out to access it.

I think I almost had a heart attack with Chris saying he writes IUL 🤣🤣. Very good video guys

👍

Is it true that you don't get the cash value ?

Legends

great series! def masterclass information

Keep on buying IUL from them tik-tokers and IG people smhhh

😁 Thanks for the thorough explanation. Unfortunately, I bought a relatively small (50k) Whole Life policy in the mid-eighties, when I was much younger and a bit more foolish. I took out a loan early in the life of the policy and after making some payments early on have not repaid the loan or any subsequent interest charges. I have continued to pay the premiums. Now, the policy benefit is just over 70k, but the loan debt is at 23k. I am now 65; are there any advantages to paying off the loan debt at this time? Are there any tips for using the policy gains to offset the loan debt, other than just accepting the reduction in overall policy death benefit? Thanks again for your informative video, and any further advice. Blessings.

Taxes is a one shot deal not compounded like it was when i made the money. Nobody talks about that!

Here is why IUL IULISRIPOFF.. 1. PREMIUM CAN CHANGE ANYTIME BUT NOT COMMUNICATED WHILE. SELLING 2. WITH AYE PREMIUM WILL KEEP GOING 3. FEE WILL BE IN THOUSANDS PLUS DOLLAR AND DEDUCTED FROM YOUR PREMIUM AND Interest YOU EARN 4. FEE CAN CHANGE BUT NOT COMMUNICATED 5. ILLUSTRATION DONE FOR 7% AND IF ONE SEES YOU GET HARDLY 30K EXTRA OVER 20YRS IN CASH VALUE WHICH IS WAY LESS THEN OTHER INVESTMENTS 6. IF YOU BORROW AGAINST THIS CASH VALE YOU WILL HAVE TO PAYBACK WLSE YOUR POLICY DEATH BENWFIT REDUCES BY SAME 7. ANY MONEY REMOVED WILL BE FINALLY CONSIDERED CAPITAL GAIN AND TAXES WILL HAVE TO BE PAID? WHY SOMEONE WILL START WITHDRAWING IF YOU ARE FINANCIALLY WELL? 8. WHATEVER YOU WITHTDRAW WILL BE REDUCED FROM DEATH BENEFIT 9. INSURANCE COMPANY EARNS UPTO 22% OUT OF YOUR MONEY AND YOUR CAP.WILL BE MAX 13% NO GURANATEE OF EVERY YEAR THIS MUCH. 10. FINALLY AFTER 20 YR IF YOU ARE NOT ABLE TO FIND THEN PREMIUMS WILL KEEP COMING OUT FROM CASH VALUE PLUS ALL INSURANCE COST AND EXPENSES ALSO FROM SAME AND IF YOU ARE DRAWING 5K PER MONTH THEN YOU WILL RUN OUT IN MAX 1.5 YRS RESULTING INTO POLICY LAPSE. 9. FINALLY A BIG RIP OFF PLANNED AFTER 20 YRS WHERE 90% CHANCES ARE OF POLICY LAPSE....EVEN IF YOU OVERFUND THIS BY MAX 7 TIMES YOU CAN CONTINUE THIS FOR EXTRA 5 YRS BUT AGAIN THIS WILL LAPSE UNTIL YOU HAVE HUGHE AMOUNT OF MONEY TO KEEP PAYING OVERKILLING PREMIUMS TILL YOU DIE😂

So I'm looking to get in the industry. What product are you promoting

WFG almost got me in... How do I get in your agency or Matt's?

I want to see the GUL and SGUL videos.

This series of content with Dan has been such solid information. I hope you guys get together more in the future and keep the knowledge flowing!

Great content

I want to see the sgul model video please

I was fortunate in that a Universal Life policy (fixed rate not IUL) was offered to me through my employer. As a 40 year old single bread winner with two young children I clearly needed more life insurance to supplement a $500k term policy. I knew nothing about cash value life at the time so did not appreciate how beneficial getting this through my employer was at the time. I did know that bank CDs paid less than the 4% guarantee so I maxed out the cash value via auto deduction from my paycheck. I got 4% tax deferred for many years including several when you could not get even 1% in the bank. The cost of insurance was very low. I had $1.5m of coverage and cost of insurance was about $200 per month although it did increase as I got older. Now retired it is no longer subsidized so I have reduced the insurance to $1.25m at a cost of $1000 per month. I don’t make payments as I now get 5% on the $600k of cash value ($2500 per month). Thus after cost of insurance I am netting 3% tax deferred and have a death benefit of $1.85m. I am happy with the policy and plan on continuing to reduce the insurance each year to keep the cost flat and make sure the interest continues to more than cover the cost. I never could contribute to a Roth so I am happy to have this cash value most of which I can withdraw from tax free or will go to my heirs tax free.

My cousin is selling this and tells everyone they’ll be multimillionaires if they get this

The worst 30 year return in the history of the S&P 500 is 8.6% apy. Why would I buy WL? **Im NOT trying to be snotty I’m really trying to understand and learn

Borrowing "FROM" your policy = bad Borrowing "AGAINST" your policy = good I agree. And, TBH, if we want to improve our language, we also need to make things easy to understand. I think people get it wrong because borrowing against your policy is confusing to new people. Borrowing "FROM" the insurance company feels easier to understand and, in my opinion, is even more definitive and accurate.

I have a max funded universal life policy. It will be some of the last money I plan on touching. In order to maximize the tax free income for my heirs I plan on living off SS and my deferred IRAs and leave my life insurance and brokerage account to grow so they go to my heirs tax free or with a step up in basis along with the house.

What do you think of Ramsey solutions analysis of whole life insurance?

Great info guys

Chris, when you say do a poll of the people in their 80's or 90's who are on their death bed and ask them if they had whole life how much money would they want? Do you mean to use the insurance policy to get medical treatment that may prolong their life or to leave the money for their legacy to their heirs?

Great video! Super informative 👏

Read the book yourself because this guy obviously stated he hasn’t read the whole book yet is critical of almost every other page. Draw your own conclusion by reading the book yourself , at least get the jest of the language of finance therefore when you choose your agent ask the questions you need to know and that alone will tell you about the agent and the product their presenting. If an IUL is structured properly it’s a Phenomenal vehicle for financial independence.

I get the high safe withdrawal rates in retirement on cash value due to the annual dividends being relatively attractive at that stage. However my question is this… Isn’t it canceled out by the fact that the cash value is much lower than it would’ve been had you invested in stocks?

“The downturn we are inevitably going to see soon” you lose me w this stuff bro. Straight commission breath

These were so fun to create and this video is my favorite!

Whole, you buy a policy for the guarantee, not what it might do.

Why does he prefer whole over universal

@5:00 min i'm surprised you guys didnt catch yourselves.... $500/mo for 10yrs is $60k, not $10k.

🏆🏆

This saved me today!!!

That's deep!

So buy term and invest the difference is that best solution when it comes to term insurance especially if there struggling financially