How to nail Policy Design for Life Insurance

[@daynevickers1079]

Society's opinion of the life insurance industry would be completely different (in other words, good versus 'evil') if every agent understood the ramifications of designing a life insurance policy incorrectly (i.e., to the maximum benefit the the agent -vs- the client). Thanks for transferring this knowledge to us all. Loved your easy to understand presentation.

[@CashValueLifeInsuranceReviews]

Thank you! That's why we are hear & getting this feedback fuels us to keep going!

[@ALEXI778]

please keep IUL videos coming, I think I want to specilaize in them

[@dondyer99]

I think I know the answer to this… this is not a challenge.. you mentioned always fund the least amount insurance in the contract.. and if you need more insurance buy term insurance outside of the contract.. the questions you raised are valid considerations. But Say they needed the 2,800,000 insurance.. increase the $83,333 contributions buy the amount term insurance they would have paid on the outside. What about illustrating $2,800,000 and reducing death benefit in the contract at age 65.. Based on contributions there will be a floor at that time. This has been a thought provoking valid discussion.

[@officialtobinshort]

Great video. This is exactly how I structure for my clients and recommend term for the benefit to add on

[@kimtrinh2395]

Thank you!! This was such a helpful video for me to make sure I'm purchasing a CORRECTLY designed policy! Feel so much more comfortable after watching your video.

[@cmike956]

Increasing death benefit allows less premium to be paid for insurance increasing cash balance.. and at death the owner can spend more cash assets and have the death benefit recover lost capital.

[@avinandannan348]

Is Securian/Minnesota Life Balanced Growth Accumulator II with the S&P PRISM index a good product to go with for setting up an IUL?

[@allyjaymesfreeman1387]

You should ask the agent you are speaking with to show you the live credit reports of the index you are interested in. This is the most important peace of information for you yourself to get a view of how the product performs. From personal experience my Securian policy has out performed this product by a long shot!!! Test the theory ask this guy for the live crediting report. Every company has a live history of what clients are receiving on a certain product. I can send you a referral if need be.

[@Sarah83291]

Great video! Can you explain on the LTC rider and whether it worth it? A big incentive for having a high death benefit is to obtain higher LTC payments if needed. Then how would be the best designed policy when also considering that need?

[@JeffreyMcIntosh]

Very well explained, been looking for a more in-depth VUL / IUL channel. IBC global does a great job with Whole Life, but nice to see some touching on IUL and VUL etc. Would love to see a video comparing WL vs VUL when and how.

[@CashValueLifeInsuranceReviews]

Welcome to the channel!

[@jasonmeyer589]

Great to see good agents out there.

[@InsureJeff]

Do you have one on ones with fairly new agents that want to look into iul leads but before they spend want to be educated and fluent in structuring proper iul’s?

[@Wavenomics]

Trynna find trustworthy individuals that actually know facts about and actually know how to properly structure an iUL…is a job in itself 😂 been doing research all day

[@CashValueLifeInsuranceReviews]

Our team would be happy to help if you are ever interested - www.leveragedwm.com/bookmeeting

[@Wavenomics]

@@CashValueLifeInsuranceReviews appreciate it, it will be considered and recommended. your videos are great by the way! I’m currently researching again and watching your policy loan series 🔥👍🏽

[@RanchLife-NEBRASKA]

Have you reviewed the New Allianz Accumulation Advantage IUL and compared it to the Allianz Life Pro+ Advantage IUL?

[@pablo08034]

Always appreciate you, Matt.

[@ejbarraza]

Please do a review on the BGAII from Minnesota Life. I have seen insane performance!

[@jgagliardo98]

They did it!

[@WilliamHungOfficial]

How do you make your calculations for IUL? Do you have a template I can use?

[@grumpus1403]

New to the channel and enjoy listening to the Indexed UL information. I haven't seen the first of these videos but will get to them soon. One question I have when you mentioned buying a separate Term policy if you need more DB is: Could a Term rider be inside the policy you're illustrating or does one have to buy a separate policy?

[@CashValueLifeInsuranceReviews]

Depends on the product, there are companies/products that allow term riders inside the policy. Make sure you are working with someone who can explain the pros/cons on including term riders in the contract.

[@tommyspencer60]

That annual premium at 83k. Is that meaning that some one took a lump sum of 83k to fund the iul or are they paying around 6k/month to fund it?

[@LeftLaneFinds]

Thank you for this information.

[@untalanstkd]

How would you design a policy for a client who is interested in college planning and retirement? Thanks Matt!

[@CashValueLifeInsuranceReviews]

Need details to answer this. Reach out if you want to consider: leveragedwm.com/bookmeeting/

[@Arley-v5h]

You can just add a temp rider. This way you can remove it when you want to or keep it. You don’t need to get another separate temp. That’s another commission for the agent.

[@CashValueLifeInsuranceReviews]

Like many aspects of the IUL its not quite as black and white as you'd like to make it. There are times to do it, and there times you shouldn't. Term riders can add fees throughout the life of the product where it would very much be in the benefit of the client to get term outside of the product and there are times, specifically if the person is older and the the policy length is shorter where it could make the most sense to include it. Bottom line - don't write rules like this in stone.

[@jacobguzman4011]

Is there a way for me to know what my minimum initial DB should look like? I wanna have an idea in mind when I receive an illustration from my agent.

[@briannoebel1878]

You would want to know the guideline annual premium amount which is directly tied to the DB. Is that number to high for what you plan on contributing.

[@scnager1]

So essentially, if you are close to the MEC value, your death benefit is at an appropriate rate?

[@ernestobanzon8054]

Do you accept questions from Canadians? Thnx

[@CashValueLifeInsuranceReviews]

Yes we do

[@johnathanodefey2794]

I live in iowa and I’m looking for the best company to start with

[@CashValueLifeInsuranceReviews]

Reach out to us here: leveragedwm.com/bookmeeting/

[@g.ajemian4968]

Do you think it is too late for a 62 year old to fund and Iul to help the path to a tax-free retirement. Thank you.

[@prabhsingh3092]

At that point, an annuity would be better. Unless you fund it heavily or an ira rollover.

[@johnathanodefey2794]

What company even supply these options

[@CashValueLifeInsuranceReviews]

Reach out to us here: leveragedwm.com/bookmeeting/

[@creandoyganando4105]

Chingon 👍🏼👍🏼👍🏼

[@Back4WhatsMines]

👍

[@jasmwong262]

Thanks

[@yodhangzien]

Cash value must be cash out !!! Cash out or lose it!!!!

[@DavidHermann-tg9ox]

This guys is nuts. Permanent life insurance may be the best way to pay estate taxes or the taxes on inherited accounts. Let alone being able to pass on the death benefit and not having to worry about spending the money in other accounts in retirement. Whole life is much better as well as I've never ran into a guaranteed IUL product.

[@CashValueLifeInsuranceReviews]

It sounds like you haven't really watched our videos.

[@biostatsguy]

I'm failing to see the hype/excitement with the IULs, the "Guaranteed" presentation suggests these to be a waste of money come retirement age.

[@bradjohnson2273]

those guaranteed columns in the illustration are assuming the index is either negative or 0% every single year... so yeah it's not going to look so good.

[@Seccheus]

Show me proof that the IUL works on the back end years when you are taking out loans for retirement income??!!!!

[@darshangill2261]

Why client did choose Premium Finance by contributing only Policy funding ($83,333 x 5 years = $416,665) Initial death benefit protection (net of loan) Access to living benefit riders $2,263,804 Tax Free Distributions Between Age 65 and 90 Begin potential tax-free distributions when using policy loans $117,000/ yr Age 90 (based off ages set above) Cumulative distributions taken from age 65-90 $3,042,000 Remaining death benefit for beneficiaries net of all loan repayments. $1,101,355