DEBATE: Whole Life VS IUL | Which Life Insurance is Better? With

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Күн бұрын

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@BetterWealth 4 ай бұрын

It was a pleasure having Chris and Terry for this discussion! We plan on hosting more financial debates and discussions from differing perspectives. What other topics should we highlight?

@LIFE180 4 ай бұрын

It was a blast!

@amag15amit 4 ай бұрын

loved it.

@BetterWealth 4 ай бұрын

Who wants a part 2?

@OsirisJackson-kl4fe 4 ай бұрын

Part 2

@roylee3073 4 ай бұрын

I dooo!!

@sunset2228 4 ай бұрын

Terry said IUL will outperform the market? 😂😂 We need proof of that

@LIFE180 4 ай бұрын

@@sunset2228 SERIOUSLY The problem is, there is not a world that IUL is the best at ANYTHING. It loses to something in all areas.

@thomasflewellyn4848 4 ай бұрын

I don't think a part two is necessary I don't think we would learn that much The guy was a very brilliant guy but in the end who cares about a one-off company that will never know the name of and he does some special Jedi mind trick with the company to make it work he lost the debate for that reason alone. you can't leave here thinking oh well let me dig around for an IUL like the one he's talking about and somehow manage it a certain way and stay on top of it no I want my clients to set it and forget it utilize it as much as possible for the goals they have but know that it's performing and pay your premiums so I can continue to sell other people and continue to get everybody in a whole life contract that's working for them as we discussed in our initial sit down and not have to go back and forth otherwise I would get a series 6 license and sell securities not interested at all so no way Great guess though brilliant guy love the debate just don't think it's necessary for a part two but I honestly would still watch it anyway lol

@LIFE180 4 ай бұрын

For the record, this was a fun debate. Even though I disagree with him, he is a good guy!

@joelrobertsonmusic 4 ай бұрын

Got real fun at the end lol

@trocks4321 4 ай бұрын

@@joelrobertsonmusic It did and got better but the camera ran out of memory....we are going to try to do round 2

@UltimateWealthPros 4 ай бұрын

Loved it guys and appreciate all 3 of you guys for how you represent the industry! Feel like we need more conversations like this to happen to raise more awareness around product knowledge and increase more agents level of understanding and competence to better serve their clients at a higher level. It makes what you guys are doing that much more important and valuable for both clients and agents alike because lord knows the IMO’s seem to continue down this path of placing a higher value on (and therefore by default more incentive for agents) recruiting anyone with a pulse to just blindly push products based more on what earns them the highest commission or override instead of what’s going to best meet the needs of their clients. Most IMO’s push recruiting first shady or disingenuous sales pitch’s, scripts, and word tracks. Then if you have time or get around to it you may get a few basic talking points to regurgitate that give the illusion to an unsuspecting client that the agent knows what the hell they are talking about and with product but in reality 95% of agents selling IUL for example don’t even know what the hell an in the money call option even is! But they will argue that IUL is the best thing since sliced bread and if you can spare an extra $150/month you’ll be a millionaire in no time lol and the same shit happens with WL as well or even BTITD and it all stems from agencies and IMO’s placing lack of importance on getting agents properly trained and educated so that they know how to really serve others at the highest possible level. So thank you again because it has to start somewhere and someone has to be the example and i believe others will hopefully see start to follow suit and if not then at least it’s out there for those agents that care enough to go out and do their own research and the future clients to be better educated and able to recognize if they are working with someone who truly has their best interest at heart!!

@VegasStyleDayTrading 4 ай бұрын

@Life180 Chris, can you debate Dan Thompson next? His Flexmethod will no longer be sustainable with interest rates changing. His “whole life MPI” 😂

@LIFE180 4 ай бұрын

@@VegasStyleDayTrading Dan Thompson won't debate me. His Flex Method uses IUL and whole life. He is high on my target list

@kevinkennedy4305 2 ай бұрын

Part 2 please. Cover more on the topic of the average income person 40-80k with a IUL,, HOW DO I MANAGE THIS POLICY MYSELF YEARLY,, WHAT ADJUSTMENTS DO I NEED TO BE MAKING OR DO I NEED TO CONVERT TO WHOLELIFE POLICY TO BETTER SUIT MY NEEDS. I COULD USE A CONSULTATION . GREAT CONVERSATION HERE,,

@sonjamccart1269 8 күн бұрын

This was so interesting and fun to listen to, thanks to all of you for hosting/participating. I learned a lot.

@garyloten-beckford889 4 ай бұрын

I have both, IUL and whole life insurance, I sell both to my clients and explain in detail how each functions.

@bigtimeLL 5 күн бұрын

How long have you had them individually and how long have you sold them individually?

@kealiimanner5943 4 ай бұрын

Something most don’t talk about… one of the most important difference is that whole life must be paid throughout the policy… IUL can be designed so that at a certain age premiums no longer need to be paid but the policy remains intact until the person passes away. ( FYI - LTC has more things attached )

@TheFinancialAdvocacyPodcast 4 ай бұрын

There are both limited pay policies and the option to do a Reduced Paid Up on a whole life policy. These would be contractually either paid up or reduced paid up with no further costs of insurance on the policy.

@Henry.Nibler 4 ай бұрын

This statement is wrong. Same same, the IUL contract is more likely to need future premium payments after pay limit date or need to be bailed out.

@MonegenixTV 4 ай бұрын

Charges always come out on both types of policies. The difference is whole life fully accounts for this by requiring a guaranteed premium that's high enough to guarantee the policy stays in force forever. ULs don't do this. That's the real difference-there is no guaranteed premium with UL. You just pay what you want (more or less), and you hope the charges don't crash the policy. You're banking on low expenses and higher crediting rates to carry it. Or, in layman's terms, Whole life works on the premise of "plan for the worst, hope for the best" whereas IUL works on the premise of "plan for the ideal scenario and hope it materializes"

@Henry.Nibler 4 ай бұрын

@@MonegenixTV well said. Just to add, RPU alterations allows for the contract owner to dial back the death benefit to the amount where the contract maintains those guarantees without needing additional premiums

@UltimateWealthPros 3 ай бұрын

@@kealiimanner5943 well respectfully that is incorrect, and on the contrary to keep it simple a whole life policy if set up and designed/funded properly can be paid up at any time after year 7 as where an IUL can never be technically paid up due to the fact that it is annually renewable term insurance so while you can overfund and there is a scenario where you could potentially and theoretically stop premium payments there is no guarantee that will sustain for the remainder of your lifetime as where with whole life there is. Also worth noting that with whole life you can also design the policy to where your required premium is a fraction of you max allowable premium with no worry of potential negative consequences or lapse as where with IUL you really need to max fund at all times esp early on in order to drive net amount at risk down and while you do have the flexibility to make adjustments and/or pay a much lower required premium amount as well there is a far greater risk and potential for negative consequences involved that really hinge on things you have zero control over. That’s the fundamental difference between the two IUL takes the risk off of the insurance carrier and places it squarely on you the policy holder. With a bunch of levers that can change at any time and that you have little to no control over. Life insurance when set up and used properly is a foundational asset that enhances everything else we do in addition to the plethora of amazing benefits it provides us as well in addition to be a safe place to storehouse our money where it can grow and compound throughout our lifetime while at the same time remaining liquid and accessible to use for opportunities or as a buffer against market volatility. It’s absolutely amazing doing what it was designed to do and does best the issues typically come when we go and try to make it into something that it’s not and was never intended to be. So at the end of the day when you look at IUL and whole life side by side in my opinion whole life blows IUL away and for reasons that have absolutely nothing to do with rate of return or arbitrage. When you get real clarity on your values and beliefs and start to align your finances accordingly it quickly becomes very clear that while either one can work and do what they were designed to do only one can truly provide you with that strong and lasting foundation on which everything else can be built with the ability to serve you throughout every phase of life even though to the next generation without any worry of factors we can’t control.

@frankrothiz4u 3 ай бұрын

This is a very valuable discussion with 3 men that know what they are talking about, reasonable ppl can disagree but your listeners put it all together to come to an informed decision, thank you for creating this interesting and informative pod cast.

@Unicorn-Black 3 ай бұрын

Excellent debate, ine thing u did not explore is risk if failure to manage the corridor. If u failed to shrink it due to market conditions ur policy is dead in iul

@AndAsset 4 ай бұрын

I'm definitely gonna have to do a response video to some of this debate 😉

@LIFE180 4 ай бұрын

Can't wait to see it

@oldporkchops 4 ай бұрын

@AndAsset @BetterWealth Hi Caleb and Dom, in round two or Dom's response can you please consider drilling down into the numbers from both Terry's and Chris' POV with regards to the argument at the end? Specifically, premium costs in a WL and an IUL with inflation adjusted dollars factored in. I get what Chris is saying about the insurance company charging a higher premium in a WL early on vs charging the same mortality costs later in life in an IUL. I also get what Chris is saying about level costs in a WL and the lack of control in an IUL. However, my point is that we need to factor in inflation adjusted dollars when pricing premium costs. The CPI Calculator at BLS.gov can give us inflation adjusted values for way back. My reason for highlighting this is that $1 today is not worth $1 in the year 2000 when we paid the "cheap" WL premium, and $1 in the year 2040 when we pay the "expensive" IUL premium is not going to be the same value as $1 today. Saying that IUL's premiums are going to be more expensive later in the insured's life is one part of the story, but with inflation factored in, did the WL (which front loads risk, hence higher mortality costs upfront) actually pay more in today's dollar value terms? My point is this. If "mortality is mortality", I'm interested to know whether paying for it upfront in a WL is more costly than paying for it later in an IUL, with inflation factored in? We "lose" opportunity cost (yes, we can use loans to mitigate this) by paying higher premiums in a WL upfront, but in inflation adjusted terms, are the rising IUL premiums really "more expensive"? For example, for same person, same risk category, same DB, in year one, WL premium costs are $10,000 and IUL is $2,000. In year twenty, WL premium costs are $2,000 and IUL is $10,000 (and will rise exponentially next year). Since we are able to calculate inflation adjusted dollars for previous years, I'm interested to know the inflation adjusted premium totals for a max funded WL and a max funded IUL for the previous X years. It'd be great if Terry and Chris can bring their best historical illustrations to round two, and use the CPI Calculator to determine today's value of inflation adjusted total premium costs for the past X years. If you need additional clarification, you can email me. Thanks for considering my request.

@wisworthinvestinfreedom 4 ай бұрын

This was a Great debate Caleb, great job Chris. Any thoughts on when will you guys do part 2? Blessings to all of you!

@BetterWealth 4 ай бұрын

Thank you for watching! We're in talks now of getting it set up! Hopefully soon if everyone's schedule allows.

@pauldunbar6900 21 күн бұрын

I really appreciate this video. It breaks down what I needed to know. I’m leaning toward whole life for security and guarantees. Thank you.

@BetterWealth 20 күн бұрын

Very glad to hear that! Thank you!

@mickaelsimonet675 4 ай бұрын

Terry who's your carrier lol? Great video

@Jgiardino 3 ай бұрын

Great discussion. I will definitely be present for part 2. If you guys even did some sort of paid zoom or something I’d certainly join. Would be great to also talk specific carriers, though I assume you probably aren’t going to do that on KZbin? Seems like we all want to do what’s best for our clients and for our own families. Trying to find truth. Thanks you guys! -Jake Giardino

@ashleytaylor994 4 ай бұрын

Which IUL company is he talking about ?

@trocks4321 3 ай бұрын

Here is how to find out who I use. Any agent using advanced strategies for cash value should know what capital asset ratio and statutory surplus means and how to look it up on Vital Signs (paid service) or the NAIC website (free). If you are using IBC or other advanced life insurance planning and do not know what this means, please get educated as these are fundamental metrics that should be considered before ever using life insurance beyond protection. The company I use is the under the parent who's SS is 30%. This should make it easy as I know of NO CARRIER in the country with SS above 10% let alone 30%. This is not one of the big 4 FYI as they do not have this much surplus. Another hint is they only do IUL but have a sister company that only does WL and share the same CEO and UW teams. Should not be hard to find but please do not post here if you discover as I do not want to "promote" anyone. This should be an academic setting based on numbers. PS: If you really wan to know, feel free to reach out... you can find me online :-)

@bigtimeLL 5 күн бұрын

@@trocks4321why don’t you have any videos on KZbin like these other 2 guys?

@trocks4321 3 күн бұрын

@@bigtimeLL Not our business model. We run a niche firm and do not market to the masses. We actually try to stay out of the limelight as we are not really taking on clients. This debate was not planned and literally happened on the fly while I was at a conference in Colorado. I was asked to debate Chris just a few minutes before the video was shot. I look forward to sharing more online if it can help agents / consumer to make better decisions. Chris and I are going to have a round 2 and Caleb is going to have me on a few more times. have just been too busy to get back on.

@allianceinsuregroupwithdana 4 ай бұрын

Terry @49:00 mentioned an author... Bobby ... but could not make out the last name. Could anybody help my curiosity?

@BetterWealth 3 ай бұрын

Bobby Samuelson 😁

@BetterWealth 3 ай бұрын

We have an interview with him worth watching also!

@DenzelNapoleonRodriguez 4 ай бұрын

It’s such an uphill battle even if you max fund a properly structured IUL with the one right company.

@LIFE180 4 ай бұрын

EXACTLY.

@LuxeprivaeMedia 4 ай бұрын

What does that mean factually speaking?

@ashleytaylor994 4 ай бұрын

@@LuxeprivaeMediait means IUL is does not work for tax free retirement for 98% of clients that life agents deal with. It is not for the working class

@vangustia 3 ай бұрын

@@ashleytaylor994 How do you know that it does not work?

@jose_f.n.p 3 ай бұрын

Awesome video! So much value and info for those who are still learning like myself. Looking forward for part 2! Lol.

@BetterWealth 3 ай бұрын

Great to hear! If you aren't already, you should definitely check out the Vault. It has tons of very valuable educational resources on these topics, including a calculator and books. All of it free! Click here: bttr.ly/vault

@mda0214 4 ай бұрын

You can't say you actively manage the accounts and same breath says it'll out perform the market. An actively managed stock portfolio will dwarf ant return that can ever be thought of with life insurance. Overall good conversation but there were some misleading statements

@Henry.Nibler 4 ай бұрын

Yeah that statement is delusional. Having a well diversified stock portfolio will smash IUL with slightly more risky exposure. IUL like making a smoothie with bananas and mayonnaise. Two things that work in their specific cases being brought together to make a pointless mess.

@artventurespro 28 күн бұрын

Which company are you using ?just curious..

@galentanner5555 2 ай бұрын

Ok, I'm stupid. How do I find Capital Asset Ratios on companies?

@DanielRodriguez-ln8ec 3 ай бұрын

I appreciate this! I refuse to sell either whole life or IUL because I’ve seen so many victims of these poorly structured policies. For that reason, I’ve obtained my securities license and now strongly believe in buying term and investing the difference. That being said, I love the fact that we can sit down and have these conversations! Love this content! Thank you!

@BetterWealth 3 ай бұрын

@@DanielRodriguez-ln8ec I appreciate your perspective. Our aim is to highlight life insurance that’s done well so it can become the norm. I agree there’s a lot of bad agents writing terrible policies. It’s time to change the industry!

@trocks4321 3 ай бұрын

Why not associate with those who do it right? Not to be self serving ( I have my own firm and group) ...become a student / join with the Betterwealth group. They do it right and are teaching others

@ericsantiago9187 2 ай бұрын

Ultimately it is the agents responsibility to ensure that they know the product and properly articulate each one to their client. Both are great vessels to reach a goal. It all comes down to what does the client want, how much is their monthly budget and what are realistic expectations for both products when they are presented.

@jewman40 4 ай бұрын

Great conversation Caleb I love your podcast really respect your honest approach. Definitely love to hear apart 2, with less talking over each other during the heated debate

@BetterWealth 4 ай бұрын

Thank you! The aim will be to do a more structured conversation next time!

@fs6668 4 ай бұрын

Loved the video and looking forward to a series. Thanks for the great conversations.

@InRealLifeBeautyForAshes 4 ай бұрын

I THANK YALL FOR BRINGING THESE TOPICS // SPEAKING ON THESE TOPICS ‼️🙌🏾🙌🏾🙌🏾🙌🏾

@christiandancy 4 ай бұрын

Hey Caleb, My question would be for Chris but yourself as well. I’m a huge fan of WL and currently have 4 IBC policies. One of the things I often hear is that WL companies have guarantees because they are invested in the best assets. Aren’t a lot of companies exposed to Commercial real estate and commercial real estate loans? If that industry continues like it is now could that possibly have and impact on some WL companies making them somewhat less safe? I have no clue just been curious about that for some time.

@oldporkchops 4 ай бұрын

What is the name of the company that Terry mentioned? And how exactly does it do things differently for its IULs?

@trocks4321 3 ай бұрын

@Optimalcoverage 3 ай бұрын

Can we see some live illustrations and breakdowns?

@BetterWealth 3 ай бұрын

We’re putting together a video with Terry now for IUL and will have a part two with Chris and Terry. Because we do so many videos on whole life insurance breakdowns we’ll just focus on the IUL illustrations before the second debate!

@Optimalcoverage 3 ай бұрын

Awesome. What is the good IUL carriers he uses? Lol

@theapprovedguy 4 ай бұрын

This was great! Learned a lot from both!

@TheMrg59 4 ай бұрын

God that ending killed me. I was listening so hard once it got heated, kept rewinding to make sure I heard it all. Then it just stops mid sentence 😢

@BetterWealth 4 ай бұрын

I know it was such a bummer! We’ll pick it up where we dropped off for part 2

@robmartin217 Ай бұрын

Yes, Part 2!

@ashleytaylor994 4 ай бұрын

The debate needs to be a typical IUL agent for FFL or symmetry be whole life. This guy said he works with millionaires only for IUL not small business owners or moms and pops

@ajoflow 4 ай бұрын

I’d love to see a video discussing the pros and cons of beginning to utilize a modest whole life strategy for the 20-30 year old crowd.

@joelrobertsonmusic 4 ай бұрын

I already want a part 2

@LIFE180 4 ай бұрын

Me too! hahaha

@TheOpinionSports 2 ай бұрын

The company he did not want to mention is he talking about Nationwide?

@raym1921 Ай бұрын

Said it starts with an A… I’m wondering the same thing

@raym1921 Ай бұрын

@Life180 Blink Twice if it’s Allianz

@patrickruskowski204 2 ай бұрын

Why not get term then max out Roth IRA and Roth 401K accounts?

@InRealLifeBeautyForAshes 4 ай бұрын

Ok, this man here is the first I EVER HEARD ON KZbin to openly speak on that “ SURRENDER CHARGE .“ THATS ONE OF AGENTS FAVORITE THING TO HIDE / NOT TALK ABOUT !! However now listening to this video over halfway through it . I understand fully why he don’t mind disclosing that ! However I was tricked that wasn’t mentioned not one time ! This was before I became license through the guy that was supposed to been mentoring me 🥴🙄😬🤔I HAD TO FIND THIS NEWS OUT ON MY OWN ‼️‼️‼️😒😏

@vangustia 3 ай бұрын

Whole life does not show any charges. it is not transparent.

@GreenPayStackers 3 ай бұрын

That was an amazing debate! Also, blurry Caleb was hilarious 😎 Part 2 on the way?!

@BetterWealth 3 ай бұрын

Thank you! And yes haha, it was a shame with the camera but it made for a fun ending lol

@BetterWealth 3 ай бұрын

We’re working on getting it scheduled!

@OsirisJackson-kl4fe 4 ай бұрын

We Need a part two

@Optimalcoverage 3 ай бұрын

What are Terrys top 2 IUL carriers?

@BetterWealth 3 ай бұрын

I’m doing a follow up with Terry so we’ll see if he presents on this in more detail!

@InRealLifeBeautyForAshes 4 ай бұрын

Answer 35:32 the question !! We got time today 💅🏽

@InRealLifeBeautyForAshes 4 ай бұрын

This perticular guy do comes off more upstanding on here . That’s speaking on the IUL’s .More than the ppl I hv dealt with in real life when it comes to the IUL’s . First off because he’s not an agent . ( The guy on this footage ) . He’s more of an investor guy .

@bryonkibildis 3 ай бұрын

Awesome discussion

@TheFinancialAdvocacyPodcast 4 ай бұрын

Good show and decent debate!

@dvjjh 4 ай бұрын

I really enjoyed this

@BetterWealth 4 ай бұрын

Glad to hear!

@diversityhobbit 4 ай бұрын

seems like a lot of levers being pulled in the background

@InRealLifeBeautyForAshes 4 ай бұрын

AND THEY ALWAYS SAY THAT THE IUL’S HAVE TO BE STRUCTURE RIGHT !!! WELL 🤔🤔🤔 HOW DO U KNOW IF ITS EVEN STRUCTURED IN THE PROSPECT/ CLIENT BEST INTEREST!!! AND I SAY ALLLLL OF THIS BEING A LICENSE LIFE INS. AGENT !!! (NEWLY SINCE 2021 )

@vangustia 3 ай бұрын

Whole life has to be structured correctly too. 100% base does not work well.

@trocks4321 3 ай бұрын

If you are an agent, feel free to reach out and we can teach you. You can find me online.

@InRealLifeBeautyForAshes 4 ай бұрын

I ALREADY TRYED IUL 3x’s I WILL PASS ‼️🥴

@TheOpinionSports 2 ай бұрын

Why 3 times?? What happened each time??

@bigtimeLL 5 күн бұрын

Tell us about it

@sunghong2676 Ай бұрын

Caleb great debate but next episode you should wear the Darth Sidious costume from Star wars and be like Guuuud let the hate flow through you. I'd guarantee people would get it more!

@BetterWealth Ай бұрын

😂

@mikeygeee 4 ай бұрын

While I was listening to this I thought, I wish the Republicans and Democrats would have a debate like this.

@ptc3619 4 ай бұрын

$10,000 challenge is so tacky and poor in taste. I’m sure Brandon Roberts is out there somewhere shaking his head at all this. He could throw down an absolute tomahawk slam on this bloke. He isn’t partial to either product.

@ptc3619 4 ай бұрын

@CamOnTheCoast1776 it reminds me almost how Dave Ramsey is with credit cards because a long time ago someone at the credit card company gave him a jab about not being able to pay his shit off and it hurt his ego ever since. Like how 180 guy is when National Life Group and him went through legal issues

@isaiahmartinez8079 4 ай бұрын

🎉Gold!!!

@richardalvarez6537 4 ай бұрын

Caleb cracking up when Chris said he sold IUL 🤣

@InRealLifeBeautyForAshes 4 ай бұрын

He got them highend clients he don’t want to say !!💅🏽

@InRealLifeBeautyForAshes 4 ай бұрын

Oh 38:05

@ashleytaylor994 4 ай бұрын

I don’t like how he says blows away

@isaiahmartinez8079 4 ай бұрын

I DONT EVER WANT TO TELL SOMEONE IM SORRY.

@vangustia 4 ай бұрын

Chris exposed that he does not know net amount at risk.

@ashleytaylor994 4 ай бұрын

He proved that you can’t use IUL with small business owners and everyday people, only the ultra wealthy

@vangustia 3 ай бұрын

@@ashleytaylor994 How? he did not prove anything with small biz owners not using an iul.

@ashleytaylor994 3 ай бұрын

@@vangustia he’s been doing it for 20 years. Said IUL is not for mom and pop or small biz owners. He only uses one carrier and only uses IUL for ultra wealthy and a 10 year play

@trocks4321 3 ай бұрын

@@ashleytaylor994 Please take in context. I was being general and never meant to imply an absolute. We do not just arbitrarily use IUL vs WL based on that general of a profile / demographic. It is case specific and varies on individual needs and circumstance. For some biz owners WL works far better and others IUL. We also have uber wealthy that we only use WL for based on the individual needs and objectives where IUL is not preferred. The truth is we do not use IUL / WL with a black and white brush and no one in our profession should beleive in or use absolutes based on limited facts.

@TheOpinionSports 2 ай бұрын

@@ashleytaylor994I am the everyday person and I have an IUL.

@exmennonitebanker 4 ай бұрын

Linus was here

@Henry.Nibler 4 ай бұрын

If you want to take risk. Don't do it in the foundation of your financial practice. Whole life is the source, adding any unpredictable cofactors to a base source is idiotic. This is unfortunately a far too subjective discussion, and when being truly objective, there is no alternative other than a hedged bond portfolio which is expensive and time consuming to manage.

@trocks4321 3 ай бұрын

It is actually far less cost to the client (we significantly reduce our potential revenue vs the conventional way) and is LESS TIME consuming to manage vs bond laddering and other strategies. I do / have done both. It does take a little "time" to become educated, however, once you seek to understand, using WL or IUL as a bond alternative is far less expensive, safer as there is no interest rate risk (which destroyed portfolios in 2022 -23 as rates spiked), and is less complex than trying to beat the fixed income market.

@Henry.Nibler 3 ай бұрын

@@trocks4321 not entirely sure if you read my comment in the way of which I intended. We use whole life. Everyone should use whole life. If you're not using whole life, you have not transferred risk, and are likely going to lose net efficiency.

@ptc3619 4 ай бұрын

Chris touts how amazing whole life is (and it is) but writes policies through who?? Lafayette Life? Cmon dude lol

@ashleytaylor994 4 ай бұрын

Which company is better than Layfayette? I heard they are top 2

@ptc3619 4 ай бұрын

@@ashleytaylor994 The 4 major mutuals are the absolute best of the best. Lafayette is still “good” but, they’re just below the ones I mentioned above

@ashleytaylor994 3 ай бұрын

@@ptc3619 New York, northwestern, metropolitan, prudential according to google . Is that correct?

@ptc3619 3 ай бұрын

@@ashleytaylor994 New York Life, Northwestern Mutual, Guardian & Mass Mutual

@trocks4321 3 ай бұрын

@@ptc3619 Just because they are big, does not mean they are healthy. Remember when they killed Snoopy (Met Life) back in the day. Some of the big 4 are very scary from a capital asset ratio and guaranteed commercial annuity obligations against the GA. In addition, this same one is taking UW cases as standard or better that should be rated. This is a clear sign they are trying to "sell there way out" of future obligations they can no longer meet. There are other ways to determine who is best that are hard to list here. One is to pull the financial reports on Vital Signs. If you do not have a subscription, you can get a pretty good free financial report on all carries at NAIC website. One big indicator is the amount of surplus in the GA. If it is less than 5% we do not use the carrier unless it is a medical rated case. There is one "parent" company with almost 30% in surplus and has no garbage in the GA like many others. This is who we use most and happens to have the IUL carrier (as a division in the enterprise) of who we use. There is only ONE CARRIER in the nation with 30% surplus and TOUGH underwriting. A little research at Vital Signs or NAIC will expose who I use :-)

@Bryan-om3wq 4 ай бұрын

The 95% of all planes crashing analogy is HORRIBLE. All those planes are fully capable of being in the air, however if you take officer doofy and stick em in a plane after taking a 40 hour course, and passing his test with 60% and has no actual training on flying the plane is going to have a HARD time standing a landing…. However take a seasoned pilot in the same plane, and it’s staying in the air 99.9% of the time, only way it’s going down is if the passenger tries to exist mid flight…

@LIFE180 4 ай бұрын

Planes crash every month somewhere - and people die. Sometimes when the plane is that defective, it is impossible for even the best pilot to keep it in the air. I still think it is WILDY arrogant to think you as the agent are going to be savvy and sophisticated and intuitive that you are going to beat the insurance company at their own game and what they do best....

@Bryan-om3wq 4 ай бұрын

@@LIFE180 we’ve already beat em. Ask pac life how that multiplier worked for them back in 2021. We got clients 153% returns. They got caught with their pants down. 5% spread at the time. 61% gain x 2.7 multiple minus 7.5% fee. Literally that illustration got 153%… it is only 4 years in and already has MORE cash than the illustration in year 10. Client could afford 6 more years of 0 and be ahead of any policy you could write with a whole life. BNP is at 8.61% with 240% par rate last year. That’s a 20.66% return… I could afford 3 negative years in a row and STILL pace with you whole life. Funniest part is you said caps and par rates would go down, yet they’ve all went up 20% on caps and 100% on par rates. S&P is 27.5% with a current 6.5% spread that another 21% return… according to you the big returns were a fluke yet here we are riding them 3 years in a row… pac life S&P uncapped 5 year is damn near 100% over last 5 years… When is this luck gonna end? Hrmmm

@mda0214 4 ай бұрын

The entire concept is dumb. The genius trying compare an actively managed account to the stock market. Try comparing gis actively managed accounts to a hedge fund that's more comparable

@Bryan-om3wq 4 ай бұрын

@@LIFE180 if the plane has so many flaws, why have you not shown me a SINGLE plane that crashed that was flown by a capable pilot,.. just show me a SINGLE properly funded and structured policy that was maintained through the corridors lowering their coi and expenses that had lapsed.. then I’ll concede, until then you stating the plane has issues when it does not, it’s the pilot with issues…

@InRealLifeBeautyForAshes 4 ай бұрын

38:40 yikes

@kniperacing1 Ай бұрын

Has this clown refunded all the commissions he made to the client's he sold IUL to? Just like Ramsey's ONLY solution, it's NOT FOR EVERYONE!! fyi, CLOWN, IUL is a great solution for the right person! fyi.... in my market, MOST do NOT want to think about every penny! Could they potentially make more with a different approach? YES, it's possible to pick apart ANY financial solution.... but I feel ZERO guilt providing my hard earned clients with IUL when it's the solution for THEM!

@ashleytaylor994 4 ай бұрын

Please stop using the word delta