Hi Chris thanks for trying to make this stuff more clear for both clients and agents.
@organictribe83635 ай бұрын
This was so informative!!!
@LIFE1804 ай бұрын
Glad it helped!
@Htownrebb Жыл бұрын
I’m in the whole life bandwagon right now, but getting to that point I had to constantly fight against people trying to compare the worst designed whole life policy compared to an investment in the S&P… I kept having to tell them to compare apples to apples - compare the best designed, high early cash value whole life policy compared to a savings account (not an investment account). You can’t compare a savings account vehicle to an investment vehicle - they are not the same and it’s a dishonest comparison. With that said, I feel you’re falling into this trap by comparing the “typical” IUL policy (like the typical whole life policy - which is garbage for cash value) to the gold standard, perfectly designed whole life policy. Compare apples to apples. Show me the best way you could possible design an IUL (not assuming the best rates of return - but design) vs the best designed whole life product and let the chips fall where they may. You can (and should) point out the risks (poor market returns - low dividends). If the risks are higher with IULs, then people can make a truly educated decision. But don’t stoop to their level by comparing poorly designed products to an optimized product. Keep up the good work! Love the content! Also, get some rest and recover!
@LIFE180 Жыл бұрын
Great feedback. Received! Thx!
@hanselbermudez7604 Жыл бұрын
A well structured IUL running Whole life assumptions (4.5% dividend) outperforms whole life, but the IUL still still has more upside potential, and more flexibility.
@Seccheus Жыл бұрын
Show IUL policy examples of your claims!
@LIFE180 Жыл бұрын
Show examples of my claims? Go look at my videos... You must be a WFG or PHP agent
@Seccheus Жыл бұрын
What about the IULs that have performed as illustrated or better?
@LIFE180 Жыл бұрын
Show me an illustration with the original illustration that is 10 years old and that has performed better than illustrated. Look up the #IULChallenge Just submit with original illustration (which any good agent should have) and an inforce illustration matching the old illustration at a minimum. That shouldn't be hard to do seeing how illustrations are "conservative" according to IUL agents and we just came through the greatest bull run of all time. For a product that promises "upside potential" EVERY IUL should have outperformed the conservative illustrations during the greatest bull market of all time. Yet, I have been offering $2000 to anyone who can win this challenge....and nobody has. Maybe you're the one? You certainly seem confident.
@abeard965 Жыл бұрын
I know David, and Patrick Kelly and Doug Andrews Becoming your own banker by Nelson Nash. You Keep talking I will keep learning.
@LIFE180 Жыл бұрын
thanks!
@staceyparnum71358 ай бұрын
what about chronic illness or LTC? IS it good to count on for that kind of coverage, if you don't use it for income, but just keep any cash value so you can use it for chronic illness?
@LIFE1808 ай бұрын
Yes and no. You need to make sure it is funded to be sure the policy won't have any potential lapse issues.... If the policy isn't funded properly, those riders will be worthless when the policy lapses. Funded properly means funded far above target premium, which is what carriers tell you is acceptable. I would look at the guaranteed assumptions and the midline assumptions. Split the difference between the two assumptions and you should be safe if you don't use for income and loans
@georgeessres8158 Жыл бұрын
So who do you recommend a new agent works for?
@LIFE180 Жыл бұрын
Find an independent organization? We have an IMO that offers what I feel is the best opportunity. But I'm not sure what you're looking for. Go to LIFE180.com and check it out?
@abrahamruiz2295 Жыл бұрын
What policy would be best for someone who is young and wants to accumulate and fund a policy so it can grow as much as possible to make loans out against it tax free and put that money into real estate but at the same time keeping the cost of insurance and all fees level throughout the policy
@LIFE180 Жыл бұрын
That would be whole life. I wrote a book on this exact topic. Check out CashflowHackingBook.com and lmk if you have questions. Or you can look up Cashflow Hacking on Amazon
@hugh358 Жыл бұрын
Sounds like the business to be involved in is selling S&P 500 Call option spreads. Put your cash into a high quality mutual whole life policy (Penn Mutual, Northwestern, etc.) then take loans against your policy to fund selling highly over priced S&P 500 using Call option spreads.
@tadrod2323 Жыл бұрын
the WFG is actively selling that product aggressively in our area, are you familiar with that company?
@LIFE180 Жыл бұрын
Yes, I’ve done reviews about them. Check them out on my channel page
@Seccheus Жыл бұрын
Yes I optimized my IUL.
@LIFE180 Жыл бұрын
How long have you had your IUL?
@Seccheus Жыл бұрын
@@LIFE180 I will email you a copy. You can do a video on the policy and how we are managing it.
@lienbaetge7313 Жыл бұрын
Hi Chris, I am wondering if I could contact you regarding my policy?
@LIFE180 Жыл бұрын
Sure thing. Email Chris@life180.com and we can connect
@heyandrewmueller Жыл бұрын
Great content. Thanks, Chris!
@danbarrett9496 ай бұрын
What about the loses incurred during the GFC & what it takes to get back to even? A 50% loss takes 100% to get back to even. NO ONE in a retirement acct is Indexed to S&P 500 or Nasdaq only. Most Americans took 5-8 yrs to get back to even after 2008 crash. Even is not a performance number to gain returns. Also now inflation has been 40 yr highs so how does a normal retirement account offset inflation? IT can't unless someone has a managed account that is actively selling & buying instead of static 60/40 portfolio?
@LIFE1806 ай бұрын
What about in an IUL when you are 10 years in retirement and have policy loan obligations because of the "tax free retirement" you used? What happens when the market does 0% but you lose 20% of your cash value???? Please explain that?
@Sullenhearts Жыл бұрын
Who are IUL'S ideal for and what ages?
@LIFE180 Жыл бұрын
IUL'S are not ideal for anyone. When you dig deep into WHY you are looking at IUL and WHAT you want, I think you'll find that a properly designed whole life policy is what you're looking for. That's why I shifted from IUL to whole life personally and professionally.
@ismaelvera160 Жыл бұрын
I always talk about whole life to me is one of the best life insurance that exist !!
@LIFE180 Жыл бұрын
👍🏼
@gildalopezaliaga8579 Жыл бұрын
Whole life policy is a fixed rate policy which is of low risk and then low performance and poor accumulation. IUL is flexible, in average have high rates then better performance and potentially a high accumulation. Generally is less expensive than Whole Life Policies and in long term have much better accumulation making it excellent for retirement free of taxes. IULs flexibility helps inflationary times. A good guidance to buy an IUL is check its historical performance in percentages
@devella7707 Жыл бұрын
What happened with MassMutual?
@LIFE180 Жыл бұрын
kzbin.info/www/bejne/m4TFfa17mMp_rac
@Seccheus Жыл бұрын
NLG has improved over the last few years with lower cost of insurance and higer par rates....etc.
@LIFE180 Жыл бұрын
Smh....NLG has consistently underperformed for 15 years with IUL. So...which IMO do you work with?
@Seccheus Жыл бұрын
BTW I am an advocate for the people. I will never join forces with the dark sIde and become an agent. I just want the truth.
@JashanpreetSingh-ox4cd Жыл бұрын
Ok thank you so much for this great information. 👏 Can you please tell me if I want to buy life insurance for lifetime and i have no plan of investing my money and getting growth on it from insurance, is there any oyher option which will be cheaper than whole life or uls?
@LIFE180 Жыл бұрын
There are many options. It really depends on goals. If you want, set up a call and my team can walk you through all the options. Calendly.com/_life180/claritycall
@w.h.3065 Жыл бұрын
Hi!, Is there such things is a fixed I.U.L.? Love the education and content thank you for spreading this information.
@LIFE180 Жыл бұрын
Fixed IUL is just traditional UL. All IUL'S have a fixed account option. If you utilize that option, your policy behaves like a traditional UL. Or you could just buy a traditional UL policy. I wouldn't recommend it, but it's an option.
@deconstructingpatriarchy Жыл бұрын
Take care of you young sir!!
@LIFE180 Жыл бұрын
Yes, mom
@jameswilliams2517 Жыл бұрын
Great information. What is the difference between IUL and a IVUL index-linked variable universal life (FlexGuard Life) policy?
@tiffanyyin8762 Жыл бұрын
I vul still a vul product , has iul function as rider
@chrisdavies3082 Жыл бұрын
Chris K: "You'll have to excuse me... I have low energy levels and have been sick..." Proceeds to talk for an hour and a half with more energy than I have on my best days. Baller.
@LIFE180 Жыл бұрын
🤣🤣🤣🤣🤣 idk...once I get on a roll, I can't stop...
@OgunleyeVictor Жыл бұрын
Hello do you need leads
@maflores9080 Жыл бұрын
I am sograteful that i came across your video. somebody is agressively selling IUL to us. Somebody once told me that if somebody aggresively sells something.... run, walk away.... because something fishy is about to comeout from that.
@dailstancill720 Жыл бұрын
Option returns are not single digit; the difference between cap & option return, insurance company keeps.
@LIFE180 Жыл бұрын
Elaborate your line of thinking here for me
@lienbaetge7313 Жыл бұрын
Hi Chris, I am wondering if I could contact you to go over my policy? Much appreciated
@LIFE180 Жыл бұрын
Absolutely, email Chris@life180.com and I'm happy to help
@dailstancill720 Жыл бұрын
No difference in policy loan for a speculative passive investment vs policy loan for retirement income. Insurance carrier doesn't care what you do as long as thr policy stays in force until the DB pays out.
@LIFE180 Жыл бұрын
True. What's the point to that comment in this context? Elaborate for me?
@dailstancill720 Жыл бұрын
@@LIFE180 point is whether whole life or IUL, the contract owner can use policy loans however they wish.
@LIFE180 Жыл бұрын
@@dailstancill720 sure. They can. The risk of increasing the chances of policy lapse during retirement is greatly higher with IUL. Plus taking loans early is challenging due to surrender charges.
@thomasmorris22457 ай бұрын
I watched som David McKnoght 2
@LIFE1807 ай бұрын
He is too scared to debate me
@jids78 Жыл бұрын
There are IULs with volatily-control which have no cap...
@LIFE180 Жыл бұрын
Define what you mean by volatility control
@angelbinakingcheung-qy8wr Жыл бұрын
Thank you so much for being ethical and moral, I 200% believe in what you educated me. When you step on someone else's interest, he, of course, has to come up with his argument. Otherwise, how is he going to face his belivers.
@tonyandashleywattanaparuda7256 Жыл бұрын
Hey Chris I appreciate you giving your knowledge and info on this subject. I am a life insurance agent who sells mostly final expense. What are your thoughts on using IUL for Whole life alternative for ages above age 65, Mutual of Omaha Express IUL to be exact. This would be for lower income individuals looking for guarantee on death benefit mainly. Please let me know your thoughts?
@LIFE180 Жыл бұрын
IUL for older people is extremely dangerous. I would use some sort of simplified issue whole life policy before doing anything with IUL....especially starting at an older age. The costs of the ART in the IUL will be horrible and unpredictable. Policy lapse rates will be through the roof
@hanselbermudez7604 Жыл бұрын
Theres IUL with extended no lapse provisions. Look into that and compare to whole life. Dont cheat your clients out of death benefit!
@freddykrueger8759 Жыл бұрын
2.....but you're great 😊
@LIFE180 Жыл бұрын
thanks! But I don't see the other question/comment?
@Seccheus Жыл бұрын
Have you seen every IUL product from ALL 70 companies?
@LIFE180 Жыл бұрын
All of them? No, but all the major companies, yes. There are a lot of smaller lower quality companies that I don't waste my time looking into. But all the big companies, yes
@josedejesus5461 Жыл бұрын
Zinc, D3, Magnesium, 1gr Vit C with all its components, K2, fermented foods. Be safe!
@LIFE180 Жыл бұрын
Yes! Thank you!
@Seccheus7 ай бұрын
500.00 a month for you age, gender, health (you look old) is not enough premium over the cost of insurance, expenses and fees.
@LIFE1807 ай бұрын
are you saying I look old? Lol. You are such an awkward dude.
@Seccheus7 ай бұрын
Probably Rated Standard....at best.....lol
@Seccheus7 ай бұрын
You would have to pay a planned premium of 1500.00 a month or more with the best design possible.
@Seccheus7 ай бұрын
I, with the help of my agent accept the challenge. I have the best design with the lowest cost if you can find a younger, healthy female client that would help cut cost.
@Seccheus7 ай бұрын
@@LIFE180 all geniuses are award.
@JashanpreetSingh-ox4cd Жыл бұрын
why Wl is best but IUL don’t for 21 years old who want to build wealth and need to have low premiums
@LIFE180 Жыл бұрын
I've done a lot of videos on this lately. Look at live replay kzbin.info4Dx4wWkl6cY?feature=share
@JashanpreetSingh-ox4cd Жыл бұрын
Okay, thanks
@sunset2228 Жыл бұрын
David McKnight? "Who the fook is that guy" -Conor McGregor 🤣🤣🤣🤣
@LIFE180 Жыл бұрын
HAHAHAHAHA
@clarkminer8650 Жыл бұрын
Word
@clemedicaredotcom261611 ай бұрын
Damn dude... hope you're doing better were you vaccinated.. don't hate... your thoughts
@cyang1969 Жыл бұрын
The Power Of Zero.
@LIFE180 Жыл бұрын
What about the Power of Zero?
@sunnysunnysideoflife2509 Жыл бұрын
1
@juanenriquerod1968 Жыл бұрын
hole life at the death of the owner those the foamily get the cash and death benefit
@LIFE180 Жыл бұрын
I already responded to you about this in another comment. Watch this video... it will help you understand how it actually works.... kzbin.info/www/bejne/n6Owh5SbbNaemNk