Indexed Universal Life Insurance (IUL), Explained

Read more about IULs: ter.li/wlbr8q
Use our life insurance coverage calculator: ter.li/q6t6l1
Estimate how much life insurance costs: ter.li/btuqut
Get term life insurance: ter.li/nx9v44
Get Connected to local insurance pros: ter.li/57sqao
Find out how indexed universal life insurance (IUL) works and if it’s a good idea or a horrible idea.

[@sheenaforde9464]

I heard a lot of wrong statements in this video. He's not talking about an IUL. It sounds like a (non-index) universal life policy, which I still think he is wrong about. And he didn't talk about living benefits.

[@vinagonzales5249]

I agree with you

[@suzannhenry8093]

This info is extremely incorrect

[@astroman30]

Such as....?

[@shahera21]

So incorrect and not only that! It sounds like the purpose of this video was only to advertise term insurance 😂

[@astroman30]

Why IULs are garbage: 1. Money never enters the market - With an IUL, the money funding the cash value portion of the policy is never actually invested into the market. Instead, the insurer holds your “cash” and pays a return on the annual growth of a specific index. Anyone selling IUL are not required to have a securities lIC. 2. Growth potential is capped - While most policies have a “floor” of 0% which prevents your cash value from dipping below what you put into it, your growth potential is capped, too. For example, if your policy limits growth to 10% on the index and that index out-performs that percentage, you’ll still only receive the value of 10% in your account. The insurer keeps the difference. 3. No dividends - Dividends are completely eliminated in an IUL policy. Not having the chance to reinvest any earned dividends, as you could choose to do with an individual investment, means you could miss out on a great deal of money from dollar-cost averaging over time. 4. Fees, fees and more fees - IUL policies are packed with fees and charges that will eat into any cash value accrued. 5. Rising costs - The internal cost of insurance continues to rise as you age, which can limit the amount of money going toward any potential cash value. All universal life is A.R.T ( annual renewable term) PLUS: Almost all cash value policies have these “features” built in. • You’ll accumulate NOTHING in cash value for the first few years the policy is in force. • The cash value earns a lower rate of return (often just 2%-4%) than the potential return you could achieve if you put your money into a vehicle such as a Roth IRA in the U.S. • If you borrow from the cash value, you’ll pay it back plus interest. • If you die with the policy in force, beneficiaries receive the death benefit (less any outstanding cash value loan balance) while the insurer keeps any accrued cash value. Unless you have the increasing death benefit option (option b) the consumer will pay more for that option. The consumer always gets screwed when investing in these policies. The only winners are the agent and the company. The BS I hear all the time is it has to be "structured properly." I have collected 64 policies in the last year and I haven't I seen one structured properly.

[@hectormiguel05]

I sell IUL, he's 100% corret.

[@Phoenix-uc6wc]

He is wrong

[@abhishektripathi27]

Dude, listen to yourself...please don't act like an expert until you really know what you are talking about...you are saying the money is invested straight into the Index funds...that tells how much you know about IUL.

[@IlluminatingWealth]

These Ramsey people are just anti insurance anything. No facts

[@meetseth3]

Agreed. He clearly does not know what he's saying. This video is just a ploy for him to advertise his insurance company at the end. We all see through it. IULs can be extremely beneficial. He's saying a bunch of nonsense

[@Mumbhai1]

Agree, this video is full of bs

[@txrr45]

IUL sucks tho

[@meetseth3]

@@txrr45 Your mom sucks tho

[@carmens3685]

Whoa this guy has a LOTTA half truths. If you had a paid-up IUL, (1) you just left your beneficiary MORE than that lump sum, and it's tax free (2) the cash value is growing at the indexed rate, with NO losses (3) You could loan yourself that car and pay it (yourself) back like a car payment - mind you WHILE it's still earning, and hence be your own bank. He's right - these aren't to "make you rich". They are to save yourself a TON of cash by using the money you would have had sitting, making the inheritance tax free, and using the money while it earns. He needs to go back to the drawing board.

[@astroman30]

Why IULs are garbage (from an actual fiduciary :) 1. Money never enters the market - With an IUL, the money funding the cash value portion of the policy is never actually invested into the market. Instead, the insurer holds your “cash” and pays a return on the annual growth of a specific index. Anyone selling IUL are not required to have a securities lIC. 2. Growth potential is capped - While most policies have a “floor” of 0% which prevents your cash value from dipping below what you put into it, your growth potential is capped, too. For example, if your policy limits growth to 10% on the index and that index out-performs that percentage, you’ll still only receive the value of 10% in your account. The insurer keeps the difference. 3. No dividends - Dividends are completely eliminated in an IUL policy. Not having the chance to reinvest any earned dividends, as you could choose to do with an individual investment, means you could miss out on a great deal of money from dollar-cost averaging over time. 4. Fees, fees and more fees - IUL policies are packed with fees and charges that will eat into any cash value accrued. 5. Rising costs - The internal cost of insurance continues to rise as you age, which can limit the amount of money going toward any potential cash value. All universal life is A.R.T ( annual renewable term) PLUS: Almost all cash value policies have these “features” built in. • You’ll accumulate NOTHING in cash value for the first few years the policy is in force. • The cash value earns a lower rate of return (often just 2%-4%) than the potential return you could achieve if you put your money into a vehicle such as a Roth IRA in the U.S. • If you borrow from the cash value, you’ll pay it back plus interest. • If you die with the policy in force, beneficiaries receive the death benefit (less any outstanding cash value loan balance) while the insurer keeps any accrued cash value. Unless you have the increasing death benefit option (option b) the consumer will pay more for that option. The consumer always gets screwed when investing in these policies. The only winners are the agent and the company. The BS I hear all the time is it has to be "structured properly." I have collected 64 policies in the last year and I haven't I seen one structured properly.

[@carlosfelix5856]

@@astroman30can you make a video explaining how to structure an IUL properly.

[@astroman30]

@@carlosfelix5856 I just did.....in writing.

[@richarddelossantos6308]

Bro its depends what porfolio you prefer in ul with cash value.

[@josephhernandez7477]

You would figure they would have taken this down by now. Maybe if they get a complaint on their company for lying.

[@xentaatnex8261]

If you want to invest your money, speak with a fiduciary financial advisor. Do not work with a commissioned insurance salesman.

[@IAmFerg]

I think you just made this video to bring more attention to yourself 🤦. Who ever is marketing needs a raise, guy talking needs to do more research 🤷‍♂️

[@astroman30]

Says the lying insurance salesman.

[@IAmFerg]

@@astroman30Your judging a book by its cover.🙄Unlike the man in the video, I can provide a visual illustration showing how IULs are better than any other financial instrument out there and so can half these other agents in the comments. Feel free to reach out to me directly or go watch just 1 Matt Sapaula or Doug Andrews Video explaining the IUL 🤷‍♂️

[@lucidlux]

This would be helpful if it wasn’t so blatantly under informing. Yes it’s true IULs can be structured incorrectly and it’s not the right fit for everyone. Do the research people and just because someone calls themselves a financial professional it doesn’t mean they have the correct information or that they will give you the correct information

[@hectormiguel05]

I sell IUL policies, he's 100% corret.

[@ReneCastanedaUSA]

I don't think so!

[@hectormiguel05]

@@ReneCastanedaUSA Keep thinking incorrectly.

[@immunesicness4950]

Let's answer that by changing the street an a hard no

[@vezymusic]

If you die unexpectedly you still get a death benefit. That’s what life insurance is for, in case you get taken out of the game too early.

[@IlluminatingWealth]

This guy has no financial designations how can he call himself a financial expert. At minimum he should have an FSCP. HE HAS NOTHING. Not credible at all

[@LiamAlixsons-o1b]

Anderson Jose Thomas Donald Taylor Margaret

[@AndrewStraker-h5t]

Swaniawski Row

[@DarrinGadson-b4s]

Thomas Daniel Jones Jose Lewis Cynthia

[@jaredgain-z6j]

Martinez Carol Perez Dorothy Davis Donald

[@mattdellarosa7365]

Wrong. Of course it costs more than term insurance. Its permanent insurance. Term is temporary and the premiums go up over time. Also no cash value in term. No, you dont lose money with universal. Your cash value can pay your premiums over time. Bad info dude

[@DanielleKing-n7z]

Gonzalez Anthony Lewis Scott Moore Daniel

[@JacobMoll-x8q]

Jackson Maria White Angela Johnson Jennifer

[@NoahMuir-m7c]

Clark Jeffrey Martin David Johnson Charles

[@praveeng.8018]

Lol😂 This guy knows nothing about IUL. Holly Crap .. can’t believe.

[@astroman30]

Why IULs are garbage: 1. Money never enters the market - With an IUL, the money funding the cash value portion of the policy is never actually invested into the market. Instead, the insurer holds your “cash” and pays a return on the annual growth of a specific index. Anyone selling IUL are not required to have a securities lIC. 2. Growth potential is capped - While most policies have a “floor” of 0% which prevents your cash value from dipping below what you put into it, your growth potential is capped, too. For example, if your policy limits growth to 10% on the index and that index out-performs that percentage, you’ll still only receive the value of 10% in your account. The insurer keeps the difference. 3. No dividends - Dividends are completely eliminated in an IUL policy. Not having the chance to reinvest any earned dividends, as you could choose to do with an individual investment, means you could miss out on a great deal of money from dollar-cost averaging over time. 4. Fees, fees and more fees - IUL policies are packed with fees and charges that will eat into any cash value accrued. 5. Rising costs - The internal cost of insurance continues to rise as you age, which can limit the amount of money going toward any potential cash value. All universal life is A.R.T ( annual renewable term) PLUS: Almost all cash value policies have these “features” built in. • You’ll accumulate NOTHING in cash value for the first few years the policy is in force. • The cash value earns a lower rate of return (often just 2%-4%) than the potential return you could achieve if you put your money into a vehicle such as a Roth IRA in the U.S. • If you borrow from the cash value, you’ll pay it back plus interest. • If you die with the policy in force, beneficiaries receive the death benefit (less any outstanding cash value loan balance) while the insurer keeps any accrued cash value. Unless you have the increasing death benefit option (option b) the consumer will pay more for that option. The consumer always gets screwed when investing in these policies. The only winners are the agent and the company. The BS I hear all the time is it has to be "structured properly." I have collected 64 policies in the last year and I haven't I seen one structured properly.

[@aaronisbored123]

I have been doing this stuff for a day and knew half of what he said was wrong

[@Stan_801]

Nah he's right, been a broker for many years and this stuff in the end screws the family over.

[@TheOpinionSports]

No it doesn’t he is wrong plain and simple

[@Stan_801]

@@TheOpinionSports how many families have you seen (actual situations) where these policies only set them in ruin? How long have you spent in policy illustrations (active policies) where it clearly shows $0.00 CV and Face amount after the increase in coverage sucks the policy dry?

[@TheOpinionSports]

@@Stan_801 zero of the scenarios that you are talking about because my policy is structured correctly and the people I work with structured the policy correctly. Look you don’t need a ton of money to contribute but you can’t contribute $30 a month to these and expect to have a bunch of cash in the end

[@Stan_801]

@@TheOpinionSports how long have you been selling insurance? Wondering..

[@TheOpinionSports]

@@Stan_801 3 years. What you are talking about is either the agent who sold a policy didn’t know what they was doing or the person who had the policy didn’t contribute to it as designed.

[@TheOpinionSports]

Yea and in a 401k if you need to take money out before age 59 1/2 then you have to pay 10% to the government, yes your own money!!

[@richardflores4794]

For the first 5 years only lol regardless if it’s a Roth or Traditional. With exceptions to that of course. Then after you can pull out the principle from it no tax or penalty lol. Also 401K has options that you can loan to yourself and avoid tax and penalty. ALL WHILE KEEPING YOUR LIFE INSURANCE COMPLETELY SEPARATE FROM YOUR INVESTMENTS !!! Plus I teach clients to have emergency funds and quick cash that are highly liquid anyways that can put in other places more accessible. While letting your short and long term investments grow with compound interest. First option seems like a far better short term and even long term approach to me compared to yours. IULS earning Insanely low interest rates that even a bad CD can match. And even with the penalty 10% because it’s considered income . IULS aren’t!!! Because they placed a MEC on in ensuring that it wouldn’t be abused by using the 7 year pay test. IRS doesn’t even consider an IUL an investment vehicle or logical income therefore it’s not taxed the same because of the M.E.C or else it would actually give a logical return. And it can’t because it’s an insurance product and companies still need to profit from that. But oh I forgot it’s tax sheltered LOL because there are no gains on it or hardly any enough for it to be considered a good return on your investment. But yet most cash value policies have zero money for the first few years so there is nothing to even take out from ? Seems a little contradictory , because it goes towards your pretty commissions. Plus when it does accumulate cash value you have to borrow and pay back or else they deduct if from your death benefit plus the interest lol. Not to mention if they wanna take all of their savings out in their later years they can either loan it to themselves with interest or cancel their life insurance if the policy doesn’t drain their cash value and lapse first ! Yes your money !!!! Your guaranteed , alternative and even best case illustrations still don’t come anywhere close to properly investing it the right way with strategic planning and looking at performance of the market. While you’re over here spreading fear tactics like the news does.The banks, insurance companies and credit unions are making insanely huge returns off of your money lol seems like they’re very scared huh ? The goal shouldn’t be to avoid taxes but to understand and control it smart guy.

[@TheOpinionSports]

@@richardflores4794 once again you don’t know what the hell your talking about with each passing comment you post. When you loan money from a IRA or traditional you have less money working for yourself. Let’s say you have 10k in a Roth or traditional IRA and you take a loan now you have less money earning interest. Can’t say the same about and IUL. Also you are flat wrong about the IUL not having cash in the first few years. I’m only in year 3 of my policy and I have cash in it now. Again like I said before you don’t know your stuff.

[@TheOpinionSports]

@@richardflores4794 your right an IUL is not an investment, I didn’t lose money in 2022 like you did. Why would I want what you have ?? Lol

[@richardflores4794]

All true investments require risk buddy. Lol what you’re putting into is more of a very bad Gamble that’s disguised to be safe.

[@TheOpinionSports]

@@richardflores4794 again you don’t know what you are talking about. I’m not taking a gamble. You aren’t even an advisor stop acting.

[@paulsaw6485]

inaccuracies in this video just shows that this guy is not professional at all.

[@devonjackson9908]

I don’t know shit about an IUL and from one Quick Look at these comments I can tell you don’t either.

[@languagepassion-divulgata2475]

Please, you are saying a lot of lies. You have no idea how an IUL really works. It is obvious you just want people to take term and invest the difference because that is where you must get the money from, I don't see other explanation why you are willing to say those bunch of lies about IULs.

[@astroman30]

Says the lying insurance salesman

[@Hockeynik99]

Coming from one of the most uneducated slimy salesmen in the nation. Financial Advisors. Like you said, don’t try and do 2 things at once. Focus on YOUR industry. The benefits of having people come to you for financial advice is you get to feed your family on an annual basis from that customer. LIA’s make one commission amount. Notice what I said, ONE. Walt Disney used his whole life policy to start Disney Land. Appreciate your opinion, but as someone that really wants the best for people, this type of ego driven behavior would force me to steer clear of you for my financial needs. This is a huge red flag to me. And, you’re not even explaining it correctly.

[@astroman30]

Walt Disney got rich from his products not from trash value insurance. Try harder.

[@firefair9435]

I Belive this guy dont even know what he is talking about ...

[@SamirA-gz1hl]

You lack the knowledge to put this video together. You sound smart and you video quality is great. But you have no clue what the hell an IUL is

[@vido5395]

Wrong they don’t use my cash for the loan they use the insurance company’s policy fund

[@astroman30]

Nah.......you borrow against your own CV. There is no "policy fund."

[@Diiimonds4Evr]

You are correct. That's why it's a "loan". You actually borrow the ins co's $$, not your cash value. Your 'original cash value' actually already went towards the insurance companies' expenses, commissions and their investments, not yours. It's used as classified collateral.

[@FydchkchohfygujgUrstchjcbhojvf]

White Patricia Johnson Sharon Martinez Kevin

[@alexc.gaydos1771]

An IUL does not invest in an index fund. An insurance company use the premium dollars to purchase options. Either you earn a return to the contract value of your account or the options the insurance company purchases, expire worthless. The customer who purchased an IUL, will never lose their money gained in an IUL, as long as policy is in force and funded properly. Cash value has a lock and reset process where if a customer is credited, they will never lose that money because it locks in and reset for the next period. This is how an IUL policy can grow quickly due to a compounding effect. Referencing the down falls of an IUL, that happens when a customer is not properly funding an IUL. I don’t agree they are the right policy for everyone but they are great for customers who want to buy term and “invest” the rest under a tax-free umbrella, and not worry about market volatility. Happy to discuss and clear up the some of the inaccuracies in this video.

[@srik7086]

so what is the downside of IUL ?

[@richardflores4794]

And let’s remember that tax free loans are possible because you cannot M.E.C the policy or else it would be considered a taxable account. Isn’t that right ?

[@andreamathis1821]

Bottom line who wants to Borrow their own money. And you don't keep money in Cash Value.

[@astroman30]

Nah....IULs are garbage with their high fees/commissions and capped gains. Try harder.

[@irshviralvideo]

@@astroman30 No they are not necessarily the case. There are setup which are much better

[@mattseibert]

This guy is a hack. A lot of things were taken out of context and not told the full story....

[@rukiddingmeNJ]

IUL is NOT an “investment”! There is NOT an “investment account”, IUL cost more than term because it’s PERMANENT COVERAGE , it’s NOT “specifically invested in index funds”, your ROI is “slightly lower than the performance of the index” That’s because of a cap! the commissions are paid by the carrier at the time of policy delivery, NOT out of an “account”, premium or partial premium may be paid out of policy cash if the selected index underperforms that year, you don’t have to pay ANY permanent life insurance “for the rest of your life” , you DON’T “borrow your own money”. For policy loans, there are several interest options and some are credited back to the policy owner. Just about everything said in this video is false! Go ahead and sell your term insurance on YT but don’t spew bullshit about something you don’t know anything about. You’re welcome.

[@astroman30]

IULs have an ART (Annual Renewable Term) that eats up the CV along with the fees/commissions. So yes, you will be paying out of pocket, eventually, to cover the increasing portion of the term.

[@rukiddingmeNJ]

@@astroman30 If it is designed correctly and the insured keeps it in force that doesn’t happen. It MAY happen in the event of consecutive down markets. The fees are front loaded however, over time in later years it equates to about 50 basis points.

[@astroman30]

@@rukiddingmeNJ Why IULs are garbage: 1. Money never enters the market - With an IUL, the money funding the cash value portion of the policy is never actually invested into the market. Instead, the insurer holds your “cash” and pays a return on the annual growth of a specific index. Anyone selling IUL are not required to have a securities lIC. 2. Growth potential is capped - While most policies have a “floor” of 0% which prevents your cash value from dipping below what you put into it, your growth potential is capped, too. For example, if your policy limits growth to 10% on the index and that index out-performs that percentage, you’ll still only receive the value of 10% in your account. The insurer keeps the difference. 3. No dividends - Dividends are completely eliminated in an IUL policy. Not having the chance to reinvest any earned dividends, as you could choose to do with an individual investment, means you could miss out on a great deal of money from dollar-cost averaging over time. 4. Fees, fees and more fees - IUL policies are packed with fees and charges that will eat into any cash value accrued. 5. Rising costs - The internal cost of insurance continues to rise as you age, which can limit the amount of money going toward any potential cash value. All universal life is A.R.T ( annual renewable term) PLUS: Almost all cash value policies have these “features” built in. • You’ll accumulate NOTHING in cash value for the first few years the policy is in force. • The cash value earns a lower rate of return (often just 2%-4%) than the potential return you could achieve if you put your money into a vehicle such as a Roth IRA in the U.S. • If you borrow from the cash value, you’ll pay it back plus interest. • If you die with the policy in force, beneficiaries receive the death benefit (less any outstanding cash value loan balance) while the insurer keeps any accrued cash value. Unless you have the increasing death benefit option (option b) the consumer will pay more for that option. The consumer always gets screwed when investing in these policies. The only winners are the agent and the company. The BS I hear all the time is it has to be "structured properly." I have collected 64 policies in the last year and I haven't I seen one "structured properly."

[@ProCoderIO]

@@astroman30 Not if you have a level death benefit. In that situation, the total cost of insurance goes down as CV grows.

[@astroman30]

@@ProCoderIOYour CV won't grow because it has to cover the A.R.T.

[@paoxiong89]

Tell them about when they need to renew their term.

[@samhutchins7884]

Lmaoooo

[@aembewe]

If you follow the Ramsey plan, you WON'T need to renew the term as you would have invested the difference and would be self insured by that time.

[@savannahcridland4165]

this video is the perfect example of complete misinformation on a topic with a pretty filter so it must be made to be true. term gives you higher pay out

[@TraderMigs]

Saw "Ramsey" and knew this would be trash advice.

[@astroman30]

Says the lying insurance salesman

[@sleepysammy5897]

#2 of 5 The insurance company isn’t paying out a $1,000,000 death benefit if you have any amount of payments made plus accumulation value they are paying the death benefit minus your payment accumulations and minus the account value accumulation minus fees. Not sure why these so-called experts keep repeating the same lies. Insurance death benefits are paid out based on “Net At Risk” (Insurance 101) This leads me to the cost of insurance lie - or misleading statements. The per cost of insurance does go up over time but the total cost of insurance drastically reduces over time. Using the same scenario as above. If you have a 1,000,000 policy and by age 55 you have $500,000 of cash value in the policy, you are no longer paying for $1,000,000 of life insurance. You are only paying for the net at risk which is $500,000 in this example. So, YES! The per cost of insurance goes up but the total cost of insurance drastically decreases because you are no longer paying for the initial death benefit amount. Insurance 101 Can you now see how both of these two items go hand in hand? Very easy to understand right? Please stop with the “trickery of the tongue”! The insurance company doesn’t keep your cash value and the overall cost of insurance drastically goes down over time. All of the IUL policies I quote are very transparent and provide you with the fee information upfront! If the goal of the IUL policy is for maximum cash value accumulation and it’s structured for maximum cash value accumulation, then most of these products have fees that equal 1% or less over the life of the policy (25 plus years)! The largest fee you’ll pay on a IUL drops off in year 10 for the majority of the IUL’s sold with a few dropping off by year 15. IUL policies are front-loaded, if you die after only paying $3,000 for a $1,000,000 policy the company’s net at risk is over 99% because you’ve only paid .003% Now assuming you are putting $100,000 into this IUL over 7 years versus dropping $100,000 in a managed account. Which sum of money would your family rather have the $1,000,000 or $100,000 + interest if you died after the first year? I think this is an easy question to answer.

[@astroman30]

Name your carrier.

[@thezfamily989]

I need more info that back this up. I need people who actually received this cash values. All I see is lawsuits lol

[@xUntoldStory]

​@@thezfamily989 ive had an IUL for 11 years. My numbers look great !

[@tmac9938]

​@@thezfamily989 hes correct. What data do you need to see? An illustration?

[@astroman30]

Look at all these woke insurance agents.

[@jdubb1987]

This guy doesn’t understand the IUL strategy. He gave the wrong definition of "indexing" and just insulted the product with no actual data to back up what he’s saying. Also, his made up example with the death benefit is also not true. You can have an "increasing death benefit" and keep both the cash value amount and the death benefit.

[@TheOpinionSports]

I messaged him months ago and told him about the death benefit increasing and he is still lying.

[@mrcvillesteve]

At least you’re unbiased.

[@donovanmoore6100]

He’s a term guy … that should say enough

[@gemstonepresa9921]

IUL is not that good. It’s better to put your money in High yield savings account. I just cancel my IUL and I lost $12k also if I kept it I have to borrow your own money which takes alot to get your money. IUL is not worth it.

[@gemstonepresa9921]

It’s not worth it and when you cancel they won’t give you back your own money.

[@josephbroach39]

He is confused and talking about whole life policies pre 1997..

[@reddottacticalfl]

WRONG WRONG! So much misinformation in this post, it’s crazy!. Your family can get both ! 250k and the 180k in growth. With term, if you have a 20 year term, and you pay into that for 20 years and you die after those 20 years you do not get sent neither does your family and you lose all the money you put in. I’m not sure why you’re so excited about term, and then when you try to renew that term, you’ll be older it’ll be a lot more expensive, you would need medical exam, etc. People who don’t have a Life insurance license should not go on rant on KZbin trying to explain it to people something they just goggled for likes 🤦🏻‍♂️🤦🏻‍♂️🤦🏻‍♂️🤦🏻‍♂️

[@allengill6326]

One type of Insurance that I would highly recommend to someone older who maybe unsure about an IUL would be a final expense policy. This would pay for the funeral in the event that someone does not have A Mutual Fund or an IRA or maybe an Annuity.

[@astroman30]

Be sure to read the fine print of that policy. I've seen where they end up buying a WL policy instead.

[@allengill6326]

@astroman30 The fine print states that in the event of a death ie the policy owner, the funeral will be paid off. I would highly recommend this coverage for persons age 70 or older. They will not need to purchase an out right whole life policy with this type of coverage.

[@astroman30]

@@allengill6326 I'm not against it, but I've been in the industry where salesmen slip in a WL policy instead of a FE policy.

[@allengill6326]

@astroman30 I'm in the industry as well and those people need to be out of the industry. This industry is about helping people. That's the bottom line.

[@astroman30]

@@allengill6326 Hahaha!! You and I both know that there are A LOT of agents who lie to get a sale. Trying to get rid of them would be like herding cats.

[@zoovnpiv]

I have seen lots of family benefits from this IUL. Especially the living benefits that is included with the policy.

[@Mac-pluto]

Living benefits? You mean taking a pay day loan against your own money?

[@Aaron-kr5ij]

payday loans that you don't have to pay back lmao@@Mac-pluto

[@shootermike65]

@@Mac-plutono the living benefits that pays a portion of your death benefit immediately in the event you are critically, chronically, or terminally ill

[@JohnBowl14690]

I bought term insurance and invested the difference. Smartest thing I ever did. Why? Because I no longer need life insurance. Kids are gone and they are self sufficient. I can leave them the investment money which is more than the face value of my term policy when it was in effect.

[@tahanalove]

@@JohnBowl14690 what do you mean by invested the difference? or into what

[@C.R.G.01]

This dude literally doesn’t know anything about IUL! lol

[@isabelbenavidez3888]

No true, you don’t know what are you talking about!!!! Oh I see, you promoting other business

[@RoseWilson-u2t]

Davis Shirley Jones Patricia Lopez Charles

[@ReneCastanedaUSA]

Wow..::How wrong this guy is!!!! I can not believe it. He knows as much about IULs as I know nuclear chemistry. Somebody needs to play this video and correct it piece by piece. I am a certify Dave Ramsey coach too and I know the benefits of having IULs in comparison with term insurance. Again he is so wrong!!!

[@AdventureAIToday]

It's amazing how gimmicky you sound, complaining about how bad IUL is without giving anyone source data to back it up. ONTOP of pitching your product as if its better. Wild. This is what this industry has come to. Shame.

[@S.dot49]

If you want to invest your hard-earned money, there are way better options out there. Stick to simple, low-cost index funds or ETFs. You'll have more control, lower fees, and a much better chance of actually growing your wealth over time.

[@kevinhoward5520]

Ask yourself this why do extremely wealthy people use cash value life insurance? They have a ton of money already right so they don't actually need it. So why do they buy it anyway? This is what you should be asking yourself and then research why and you will have your answer if it makes sense for you.

[@KeyAir]

Wow as a Life insurance agent myself wait of spill out false information guy.

[@Taydavis160]

From the comments, this guy sucks and is belittling this policy type throughout the entire video.

[@al555xa]

You don’t know wtf you’re talking about dude

[@ambientgamesound]

Jesus Christ. This is like my cousin who bought WFG’s expensive IUL since she’s now a WFG agent for her 4 kids under 10 because she thinks they’ll become multimillionaire with it 😂 when she herself has 0 income, 0 assets and 0 retirement

[@LoisPrice-k4y]

Rodriguez Gary Young Deborah Hernandez Thomas

[@davidreyessolar]

This guy is very lost This guy sounds like the secta PRIMERICA

[@prissy781]

An IUL is not an investment, it’s a life insurance policy. Not certain why people who are not licensed in life insurance would even try to explain something they have no clue about. And, if any of you are what a shame that you give incorrect information about a product.

[@JohnBowl14690]

Exactly. It's life insurance, yet you are paying 15 times more for it. Sucker policy since ins companies keep the cash portion when you die. If you buy term just invest the difference in premium, you will have more than the face value in 20 years, so UL is a sucker policy.

[@vinagonzales5249]

Correct, If you are not a licensed life agent , you are not allowed to explain to avoid misinterpretation. Its like if you need a lawyer and you ask a doctor for legal advice its not possible , meaning if you need a legal advice the Lawyer will give you the right solution with your problem not a doctor. I hope it make sense.

[@jujuanparham757]

Very misleading info to promote ur term

[@CottonChristian-e3r]

Brown Mark Garcia Eric Thomas Gary

[@LeoFuentes-c5d]

Gonzalez Christopher Martinez James Taylor Betty

[@ElsieGilbert-q3x]

Thompson Jessica Lee Richard Harris Amy

[@raffybbc]

Maybe Doug Andrew and Dave can have a friendly discussion about IUL.

[@samhutchins7884]

As a licensed agent… commision levels are the highest on term life insurance because they never pay out 😂 also this guy has no idea what hes talking about. IUL only pays the agent on the cost of insurance, not the indexed side of it. What bad agents will do is structure the policy to have a high death benefit and in turn more cost of insurance.. and more commission. Sounds like this guy knows someone who had a bad policy, but doesnt have a true understanding of the product and how to structure it, and combine that with an ego problem and you have this. Also, dave ramseys team makes money from your guys’ viewership, and controversy about trending financial topics does just that. Insurance companies make the vast majority of their money on TERM LIFE INSURANCE! 😂😂

[@SharkTheBuilder]

He's so wrong...The money is not invested in the index. He's sooooo wrong again. Your family gets the cash and death benefit because that is how your agent will write the policy. You don't lose any money if the market crashes. These guys should learn how to write the policies before they start telling people not to get them. Of course this is an advertisement for an insurance company that can't write proper IUL policies.

[@astroman30]

"Your family gets the cash and death benefit." Either you're lying or stupid. Your PUA will only get you a raised death benefit....not the CV. Learn something before you type.

[@victmancans4350]

Investment funds lol😂 sorry but he doesn’t know what he is talking about. He needs to read section 101 (a), 72(e) and 7702 under the internal revenue. Term is a great product but most wealthy people can’t know get insurance after the term expires due to age illness also it’s really expensive. Run from does people that say only one product is correct for your specific needs. He just does know whole life, index life insurance are good as well if you structure correct for state planning and minimize tax liability as well.

[@WilliamNordstrom-l6s]

Hall Edward Davis Jason Garcia Jeffrey

[@nydiaabualkhair959]

this explanation is not accurate at all. Totally incorrect.

[@davidsimmons4116]

This guy has no clue how an IUL works!! I counted at least 10 statements that were completely wrong in this video. Also Term Life is actually the rip off. Only 1% of all term policies has ever paid out. Term life is where Life Insurance companies actually make the most money. I would have to make a 30 minute video to show you all the statements this guy made that were completely not facts.

[@davesiwiec164]

You are CLUELESS! There are soo many things Inaccurate in this Video plus Missing Key points.

[@KennedyLouise-i5v]

Allen Daniel Rodriguez Larry Gonzalez Sharon

[@DerrickEspadas]

The inaccuracies in this video are a large reason I don not trust this "trusted source"

[@Theextremepessimist]

Boomer Dave put you up to this and made you look bad. You were wrong about all of this.

[@ChandyGTV]

Lie lie lie!!!whuooo!! I wonder how people live with themselves lying to the public. I mean, all policy type have their unique solution they provide and no one living or dead can ever go wrong having a cash value or permanent life Insurance. Taking care of a challenge permanently is better than temporary solution any time any day as humans. Please be advised to understand what you want rather than getting sold anything because that’s only what the sale person have access to.

[@IAMMerch]

Robinson Charles White Elizabeth Martinez Ronald

[@DreTheGreat]

Either he’s a Liar, or he truly doesn’t understand how an IUL works. Either way this video is HIGHLY inaccurate.

[@allanmorse5957]

Once again, someone who doesn’t know how an IUL really works, giving bad advice, about how an IUL works.

[@GjbnnncngXjkggvcbj-g9h]

Gonzalez Dorothy Davis Matthew Martinez Michael

[@vinagonzales5249]

Are you a Financial Expert? or Financial Advisor?

[@HAMEDHS2]

Wrong information bro. Go and educate yourself first.

[@tyee.5023]

There are so many problems with this guy's presentation. Aside from everything else ive already added, you can structure an IUL with a level premium, so the cost does not go up. You can use your cash value to pay your policy- thats not eating it up, its an option. You dont have to pay back money that you take out if your IUL. If you chose to pull from it and not pay it back, they just reduce the death benefit. And hes incorrect about only getting the face amount without making interest. It looks like he found the worst policy with the worst benefits to write this video. I'm guessing he's never sold insurance, bought insurance, or even spoken to a carrier about what the exact benefits are and how to use them to BENEFIT people. This is why investment gurus shouldn't talk about life insurance. They are not the professional and they don't know how to structure it properly.

[@astroman30]

Why IULs are garbage (from an actual fiduciary :) 1. Money never enters the market - With an IUL, the money funding the cash value portion of the policy is never actually invested into the market. Instead, the insurer holds your “cash” and pays a return on the annual growth of a specific index. Anyone selling IUL are not required to have a securities lIC. 2. Growth potential is capped - While most policies have a “floor” of 0% which prevents your cash value from dipping below what you put into it, your growth potential is capped, too. For example, if your policy limits growth to 10% on the index and that index out-performs that percentage, you’ll still only receive the value of 10% in your account. The insurer keeps the difference. 3. No dividends - Dividends are completely eliminated in an IUL policy. Not having the chance to reinvest any earned dividends, as you could choose to do with an individual investment, means you could miss out on a great deal of money from dollar-cost averaging over time. 4. Fees, fees and more fees - IUL policies are packed with fees and charges that will eat into any cash value accrued. 5. Rising costs - The internal cost of insurance continues to rise as you age, which can limit the amount of money going toward any potential cash value. All universal life is A.R.T ( annual renewable term) PLUS: Almost all cash value policies have these “features” built in. • You’ll accumulate NOTHING in cash value for the first few years the policy is in force. • The cash value earns a lower rate of return (often just 2%-4%) than the potential return you could achieve if you put your money into a vehicle such as a Roth IRA in the U.S. • If you borrow from the cash value, you’ll pay it back plus interest. • If you die with the policy in force, beneficiaries receive the death benefit (less any outstanding cash value loan balance) while the insurer keeps any accrued cash value. Unless you have the increasing death benefit option (option b) the consumer will pay more for that option. The consumer always gets screwed when investing in these policies. The only winners are the agent and the company. The BS I hear all the time is it has to be "structured properly." I have collected 64 policies in the last year and I haven't I seen one structured properly.

[@AmandaKraft-m6n]

Lewis Frank Jackson Joseph Hernandez Brenda

[@HubbardWendell-b3o]

Garcia Dorothy Lewis Matthew Hernandez Gary

[@richardflores4794]

LIFE TIP TO ANY CONSUMERS READING THIS : READ YOUR POLICIES !!! Everything you need to know about what your buying is right there in black and white. If your agents advice can’t line up with what’s on paper. Be ready for headaches, or catastrophe. Don’t just take my word for it or the agents who argue against this video or any agent for that matter. Go learn the truth for yourself and you’ll see who’s right. 😉

[@TheOpinionSports]

Life tip to anyone reading this, this guy doesn’t know shit!

[@Wisdoms_Inheritance]

That holds true for any investment advisor

[@vinagonzales5249]

Ask your agent to explain it to you.

[@CPORTGOLF]

wow, this video is terrible. FULL of misinformation. I would expect better from Ramsey and Friends

[@victorgonzalez2927]

It’s quite obvious you have no idea what you’re talking about. It has nothing to do with index funds!🤦🏽‍♂️

[@SamuelHoskinFitness]

Ahh there it is. So this was just a long ad for Zander insurance

[@michaeldowning7094]

Hmm talks negative about it yet promotes paying for actively managed mutual funds ehhh

[@AldoVenturacci]

About 7% of what you said is true and accurate. The rest is either pure ignorance and malicious misinformation.

[@astroman30]

IULs are garbage with with fees/commissions and capped gains

[@sleepysammy5897]

@@astroman30 what do you suggest that doesn't have fees & doesn't pay someone an income... 2nd. the fees are high compared to what?

[@astroman30]

@@sleepysammy5897 Every investment account has fees. I pay .5% with my Charles Schwab account. Just look at the fees they charge you in a trash value account. You know why the IRS prohibits life insurance companies on calling trash value an insurance an investment? Because, you dont get your money back!! Letting an insurance company “invest” your money is beyond stupid,,.,,perfect for you.

[@jeffreykamke]

Totally agree, Ramsey needs to be shut down. This is destructive information

[@ericapahua7541]

This guy is a millennial that likely doesn’t own anything and is worse off financially than most. I loved how he closed off selling us a commercial for term life insurance. Most people that pay into term life insurance will get to the term and have paid for years without ever seeing any of their money back.

[@MonaHill-x9q]

Thomas Kimberly Perez John Taylor Thomas

[@HamletBert-y1e]

Lee Margaret Jackson Ruth White Joseph

[@tariqs2072]

I have a big feeling you are so wrong and this was so poorly explained. Get a whiteboard and write some stuff down

[@AnnMorris-z9d]

Martinez Sarah Brown Dorothy Young Timothy

[@StephenDominic-h2u]

Jackson Angela Young Steven Martin Jason

[@lavajeena]

Can you paste where you got your information from please?

[@MufinRyeon]

Rodriguez Ruth Miller Cynthia Garcia Carol

[@edgarvale8178]

This one size fits all approach Dave Ramsey has in financial services is crazy. I like the system that he has to get out debt but in insurance and other options on how to invest money terrible advice given.

[@WWIIPacificHistory]

Hey George, I hope your 4% video, which was really good btw, has taught you that your boss actually gets a fair amount wrong. Before just parroting what he says, you should really do your own research.