Pacific Life IUL - Pacific Discovery Xelerator 2 IUL Review

[@CashValueLifeInsuranceReviews]

To apply for a policy review visit: leveragedwm.com/iul-review Unfortunately this product has chosen agent compensation and unknowable bonuses over client-focused straightforward products.

[@ocrichie]

Hi Matt, I heard Pac Life recently repriced this product... Did it get any better in 2020?

[@sirmoneymoves]

From your illustration it looks like even with the fees this policy is still creating a total retirement income of $2,678,940 in the “bad” scenario and $3,124,290 in the first example with a solid death benefit left over. If the client is only putting in $600,000 wouldn’t that be worth it? Fees are usually a concern in the absence in value, correct? Secondly, if the main concern are the fees why wouldn’t you just use any of the other index account that don’t have a fee, instead of using the only account that charges a fee, and remove the performance enhancement rider. I ran the same illustration with those changes and the fees over the same 20 year period dropped 79.51% from the $592,810 that you illustrated down to only $114,476.

[@tifaniedunn9228]

I got one of these products and I had no clue about the fees and am checking it out. Really appreciate the information. You are correct, no policy charges where shown to me.

[@davidbean1706]

Which Carriers would you recommend for IULs?

[@christinalanem]

Ty for this. I just so happened to receive this same product illustration last night. On to the next agent

[@CashValueLifeInsuranceReviews]

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

[@BeaHuskie]

I mean paying that fee is worth it when compared to what can be earn... Doing the math.. Pacific Life average about 9% return after fee and cost of insurance. When compared something, I like to put the cost and the value thr weighting scale to see if it worth it.

[@calebeversmith4764]

The fees in the admin and riders are so high because are based on the "Enhanced performance factor rider". You've clearly set this illustration at "Performance Plus" The maximum fee charging option, and you've not mentioned it in 20 minutes somehow. If you set this product at "classic design" your charges would drop by hundreds of thousands of dollars. This is EXTREMELY important because you've got to understand what the Enhanced performance factor rider is for. You get to choose in advance annually if you want it applied to your interest crediting segment. Anyone wanting low fees and wanting to "play it safe" can simply choose classic design and pay ZERO extra fees for that rider. However, some clients want to take more risk for more reward. If they think the market is going to have a really good year, say 10% interest, they can choose the "performance Plus" option, get a 2.7 multiplication on their 10% interest credit, for a cost of 7.5%.That means in such a year you get a 19.5% GAIN. Now, In a bad year, You can lose up to 7.5%, so this is ONLY for those clients happy with the extra risk. For an example. An interest segment on $30,000 of cash value with the max performance enhancer setting would have these results The good: S&P does 10% [$30000 Value] $3000 interest multiplied by raider rate of 2.7 $8100. Apply charge rate of 7.5% so minus $2250 NET GAIN: $5850 So, you're getting $5850 when other equivalent policies from other companies would only get $3000. The Bad S&P does -5% (policy gets 0%) [$30000 Value] $0 interest multiplied by raider rate of 2.7 $0. Apply charge rate of 7.5% so minus $2250. You lose $2250 that year. A $2250 loss compared to other equivalent policies which would sit a $0. The way this plays out is in a year of 0-2% gain you make a loss. 3-4% you make again, but less than if you didn't have the rider and from 5%+ you make exponentially more gains (Up to 22% in one year) You get different results with "Performance" and "Classic" Designs. It's important to note here, that if you think the year is going to be bad... You can simply choose "Classic Design" And not pay any extra charges. You can do this for every segment of the policy if you like.

[@CashValueLifeInsuranceReviews]

I think its funny that Pac Life disciples defend the rider that has a 7.5% asset based charge

[@calebeversmith]

A 7.5% charge for potentially a 29% interest credit in one year. I’m not a pac life disciple, that’s an ad hominem argument lol. Keep communicating like that and thanks for the clients!

[@CashValueLifeInsuranceReviews]

@@calebeversmith A guaranteed charge for a potential credit. I'm not sold.

[@danceking40]

Thanks for showing this Matt. This is the exact policy that is being proposed to me now. I'm 60 yrs old. They did not show me the total charges in their presentation.

[@CashValueLifeInsuranceReviews]

I am glad this was helpful! Feel free to visit our site for a free policy review! We would be happy to make sure you were put in the best position possible. leveragedwm.com/iul-review

[@yodhangzien]

I would like to know, their money is safe??? Cash value for how long….

[@4Jinch]

wow. I just spoke with an agent that recommended this product. Thank you for this review.

[@CashValueLifeInsuranceReviews]

Glad it was helpful!

[@sukottoshinobe7360]

What company do you recommend writing IUL with??

[@CashValueLifeInsuranceReviews]

May factors at play - what state, goal, age, etc etc. Determine the goal first, then go find the product that achieves that goal the most efficiently.

[@only1dliv]

Matt, this is Sad. Your “Minimum fee, Minimum commission example? lmao!! But you’re really having fun with those Riders!! Especially when talking minimum fees! If You really wanted to fluff this you should’ve clicked the performance plus rider instead of the just choosing the performance rider you chose, both of which no agent ever chooses since they increase our commission's none! If any, we use the classic, so actually in Year 20, when that silly rider you chose is gone, those “Administrative and Rider Charges” plummet to..... -62,453! and the Non-Guaranteed COI? -22,179! But it gets better! When you take out that cute Premier Living Benefits 2 Rider you slipped in there, which they don’t need in the PDX if they’re looking for max cash accumulation, that Admin & Rider Charge In year 20!? …..* Drumroll*…… 6,568!!!! Man, the I wish I could post screenshots here because this is nonsense!!!! If you have an email I would love to personally send you all the illustrations with the exact same premium and coverage you used here, (50% Base, 50% Term) so you and your audience could see that what you are displaying here is false. What software are you getting this from??? And, again (Appreciate the shout out!), you cannot write the Pacific life IUL in all basic coverage!!! Exact words from The error message when you try to do so: “The illustrated base or base plus ABR/SVER death benefit exceeds the maximum allowable. Please adjust your inputs so that the base or base plus ABR/SVER death benefit does not exceed 50% of your total death benefit. Please call Marketing Support at 1-800-800-7681 extension 6699 to assist in this process. Illustration Failed” Try the number, it works! I have screenshots to PROVE everything from the actual pac life illustrator because I actually sell pac life! This has been fun though! Keep doing reviews, but your Karma’s better when you tell people the truth, Matt!

[@juanvelazquez5569]

I second this, without all the caps. Removing said riders and changing the index account will lower policy costs. This is pretty jacked up.to illustrate high policy fees, which I get cause iUL is all about optimizing policy costs to get the most cash. If I'm not mistaken, I do believe that adding the performance factor charges a butt load because 100% of what is being charged goes towards buying the necessary european bull straddle options to give the policy the magic bonuses. So that may not be too bad of a pill to swallow if it makes sense for the client long term.

[@CashValueLifeInsuranceReviews]

What's hilarious about this comment is that I agree. I've seen many policies from PAC life proposed by other agents using the performance/performance plus rider. It might not pay you more (not sure why that matters) but it DOES make the income values look better. Much Better. Which is the entire point. Why are you missing the point? If I take the performance rider off, does it reduce the fees? Yes. It takes it from 5-8x more expensive than the industry average to 3x more expensive than the industry average. (this is on the blended policy) BUT It also drops the income, in this example from 102-105k all the way down to 70-75k per year. A 25k drop in annual income without the rider. Independent reps that want to make more commission? They sell Pac Life. The only way to get Pac Life to compete from an income standpoint? Add the riders that take the policy from 3x to 5-8x in fees. So I agree with you! No reputable person should sell Pac Life with those riders. They are a sham. If you don't use the riders it won't compete on paper. If it can't compete without the riders, why sell it? You want to sell Pac Life without the expensive riders that make it look better on paper? Be my Guest!!! That's how you SHOULD sell it. Out of 50+ Pac Life policy reviews I have yet to see one that way. Maybe you're the only one doing it the right way?

[@isaiahbalter4883]

@@CashValueLifeInsuranceReviews Even with all the riders Liv Brown stated above that were a part of this Xelerator illustration. If you had removed all of those, the income looks dismal comparatively to what it had been with all the riders. You had shown the North American Builder IUL review in this playlist of videos (No. 9) that returns a higher income for a smaller premium for the same duration. Now obviously you didn't go over the total fees in the NAB product, but unless I am mistaken, if we were to run the illustrations side by side structured correctly & without additional riders for maximum income at the same age using the same premiums; the NAB IUL is still a far better product than PAC IUL. Am I wrong in this assumption?

[@CashValueLifeInsuranceReviews]

@@isaiahbalter4883 You are right. Pac Life is terrible. liv says no agent chooses the perf riders....which is hilarious to me. 95% of the policies I see from Pac Life have the performance rider and of those 95% I would bet 1/3 of them are showing 100% commissionable premium.

[@LaPelotaenlaCabeza]

I can't take somebody serious when he posts this: "Daniel Chalian they should expand the definition to include “organizations that make sure hardworking individuals don’t get fleeced by a part time uneducated MLM WFG “rep””

[@jonathanescalada1584]

Can you do a review of Nationwide IUL

[@tall5418]

What is your opinion about Johnhancock’s IUL Policy?

[@CashValueLifeInsuranceReviews]

Expensive. There are much better options out there.

[@jjrawstar]

What IUL companies do you recommend? Also, how much premium per year would one need to benefit from an IUL?

[@CashValueLifeInsuranceReviews]

Tough to answer this question as it depends on age. Health status. And time horizon. There's 5-6 companies I like. For more targeting answers Https://Leveragedwm.com/iul-review

[@jjrawstar]

Cash Value Life Insurance Reviews I see. What would those companies be?

[@LaPelotaenlaCabeza]

@@jjrawstar He can't tell you publicly, but he can criticize publicly, does that make sense?

[@TheOpinionSports]

Daniel Chalian nope it don't he just trying to stear business towards his company.

[@brandonsmith6152]

How do I learn this stuff I’m an agent

[@esantana6722]

4:50 Policy Charge Page

[@mqmpqm]

Do you have one on Pacific indexed accumulator 6 to share?

[@newpete4082]

What pdf editor is this?

[@ravbarring]

I want to make sure I’m doing the right thing for my clients. I’m NOT coming up with the scenarios you are illustrating. I’ll be running this by the providers also. With all respect to you. My policy charges aren’t at ridiculous levels as you show using PDX2. Again. With respect.

[@CashValueLifeInsuranceReviews]

I hope you do run it by them. They should stop letting bad agents show ridiculous pie in the sky numbers.

[@janiewatkins939]

My broker was me to buy Pacific PremierCare Choice Max* Term Life Ins and Pacific PremierCare Choice 100* long term care - putting in 70,000 my age is 70.

[@scottprice4813]

We have been and will remain in a low interest rate environment because with 29 trillion in national debt there isn’t any alternative . The economy will tank otherwise . If ALL these products don’t work with the GUARANTEED illustration ( They won’t ) stay far away. They remain essentially unregulated due to the 2010 Dodd Frank legislation.

[@vargasanhela]

Hi, thank you for the video. Does the cash value account for all the fees? Or do the fees get deducted from the cash value the illustration shows?

[@juanvelazquez5569]

It goes in order like in the illustration. From left to right. (Premium- policy charges) +(interest credited)= Accumulated value-surrender charges= cash surrender value.

[@CashValueLifeInsuranceReviews]

fees are factored into the account value.

[@TheOpinionSports]

Giving someone a minimum death benefit may be doing the client a disservice depending on their insurable need. If someone is a 6 figure earner married with kids why give them a 200k death benefit? If something happens to them that 200k ain't gonna cover that family for that long

[@CashValueLifeInsuranceReviews]

okcboi term insurance. There’s no such thing as doing a disservice when all the options are explained in detail and the client gets to make an educated decision.

[@TheOpinionSports]

Cash Value Life Insurance Reviews well yea if you give them term insurance with living benefits as a back up then yea you can lower the IUL death benefit and make it more cash friendly.

[@audreyl704]

thanks -- after seeing your youtube paclife 1 and 2 -- i know not to buy this -- which life insurance co are good for IUL?

[@chrisrobbins3888]

MPI, maximum Premium Indexing.

[@ccook5568]

I would like your comments on a PDX IUL X2 $500,000 Premium paid over 5 years with fees totaling 170,000 over 20 years. Life Insurance of 1.4M. Not even close to what you are showing in this video.

[@CashValueLifeInsuranceReviews]

Even when PacLife is structured properly, it doesn't compete with other carriers.

[@jimbiasotti4901]

@@CashValueLifeInsuranceReviews what other carriers are you referring to that have LTC Rider? With an LTC rider and guaranteed death benefit I am not taking cash value out of it.

[@macnificent7100]

Yes you can blend this product....You are showing an illustration with BASE only, lol...funny

[@CashValueLifeInsuranceReviews]

Thanks for watching! Agreed this policy HAS to incorporate a blend to even remotely compete with any other carrier.

[@rajbeekie7124]

The more I learn about insurance, the more I detest permanent life policies.

[@CashValueLifeInsuranceReviews]

I tell people all the time. If done wrong it can be the worst thing you own. Done right it can be one of the best things you own. Some people recommend putting 100% of your excess $$ into life insurance, I never understood that. As a bucket of $ that is diversified from taxes and market risk? Tough to beat.