IUL Pros and Cons

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IUL Pros and Cons

Рет қаралды 84,091

Күн бұрын

Index Universal Life or IUL is not for everyone. First of all, it takes 12-15 years for one to build up a reasonable cash value, so it’s not recommended for people 65 years of age or older and is best for say 35-55. If you want detailed information on IULs, please watch my video below on Index Universal Life Insurance. If you are considering an IUL, you should understand what the pros and cons are.
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Пікірлер: 255

@MrALLI36 5 ай бұрын

You are phenomenal with your knowledge base and delivery of this information . I would be honored to attend a meet and greet with you, and take a class taught by you . God bless you. Seriously.

@WealthProtectionLady 5 ай бұрын

Awww.... thank you so much! You made my day!

@kenbrown6787 Ай бұрын

@@WealthProtectionLadyI have an IUL I would love to have you look at it

@joseosorto9397 11 ай бұрын

I'm an broker/agent myself and this helped me out alot. I have plenty of insurance options for folks but it's hard knowing what is the best option sometimes. For clients who ask about these, I'll have a better way of explaining the pros and cons. Thanks!

@JocobsComments 5 ай бұрын

If they are conservative, go with while life. Never go wrong with guaranteed interest.

@JustinSeara 14 күн бұрын

How are you an agent and don’t already know this? Scary.

@EmmanuelOgundipe 2 ай бұрын

I really love the pace at which you teach. This is awesome! I hope you will be able to do a video on the impact of CVAT and when it should be used when developing your policy. Thanks

@elvintorres3599 Жыл бұрын

She did a great job at explaining IUL's. simple and efficient

@jbs909 3 ай бұрын

Thank you for laying out the facts without getting all hyped up. I can trust this information

@oliviaedralin1436 3 ай бұрын

Thank you so much for explaining it in a lay man manner !

@richardcaridi1982 2 ай бұрын

Pretty good information but this needs a few corrections. 1st, you said that if a person takes out too much money they will be taxed. That is true but most companies have rider called "The Over loan Protection rider" which tells the company not to exceed a certain amount so it prevents that from happening. The next correction is that you said if interest rates drop it could hurt the plan. The performance of the plan is NOT based on interest rates but the index the plan follows. If it is set to follow the S&P 500 & interest drop it could be good because lower interest rates are good for the stock market because investors think "why should I take 3% in the bond market when the market is running & I might be able to make 10% in stocks." 3rd. It doesn't necessarily take 12 -15 years to see a return. I've seen plans provide a significant amount in 8-9 years. Also, depending on the age of the client a higher death benefit may help the client because those living benefits are based are based on the death benefit. The higher the death benefit the higher the living benefits.

@redtops5160 2 жыл бұрын

Good video, gives detail on the IUL product. How the IUL is constructed by your Life insurance agent is up to the agent. How do you know if the agent is working in your best interest vs. padding his generous commission ? That is a bridge too far for me. I'll stick with my portfolio of dividend paying stocks many of which increase their dividend every year. My heirs will get a stepped up cost basis on the stock positions. And at my age, early 60s the life insurance cost will go up every year. And that will eat into the cash value. I'm too old for an IUL.

@nancikoski 5 ай бұрын

This is a great explanation of an IUL!

@noizenod 2 жыл бұрын

I'm 33 and have some money I want to grow for my children and I think this information is AMAZING and so helpful!! Thank you!!

@WealthProtectionLady 2 жыл бұрын

You are so welcome!

@lackadaisicalchild2205 2 жыл бұрын

I'm very new to all of this, so I didn't understand everything but I understood enough to be even more fond of the idea of having an IUL. I appreciate you giving the age range for who would benefit most from an IUL on average.

@40rcwells 7 ай бұрын

Excellent run down. Really appreciate your insights!

@pablo08034 3 жыл бұрын

Very thorough, measured, straightforward and objective. Nicely done to lay it all out for the consumer. 👍

@WealthProtectionLady 3 жыл бұрын

Thank you, Paul!

@DussoJr Ай бұрын

Great video and explanation. Thank you.

@gfj7736 3 жыл бұрын

Thank you so much for sharing your wisdom this was prefect to understand pros and cons. How would go about finding the right agent or Insurance company to commit to. Thanks again

@suecunningham7324 3 жыл бұрын

If you would like me to prepare a preliminary IUL for you, please complete this application and I'll get back to you within 2 business days. This way you can decide whether or not this is something you want to move forward with. APPLY TO GET A PRELIMINARY IUL ILLUSTRATION: form.typeform.com/to/SNfW1IBA

@owengaupe8623 Жыл бұрын

Thanks for the explanation! You a very good at your job!

@WealthProtectionLady Жыл бұрын

I appreciate that!

@derekdemarco28 3 жыл бұрын

Great video on IUL's! I will be watching more of your videos in the future!

@WealthProtectionLady 3 жыл бұрын

Thank you!

@fredfoster3345 5 ай бұрын

How can I set up a account through Kai-Zen and how can you explain a example

@WealthProtectionLady 5 ай бұрын

I don’t sell much Kai-Zen for two reasons: the lowest annual premium is around $21,000 and you do not have access to your money for 15 years. If you would like to talk more about Kai-Zen and/or if you are interested in a “regular” IUL, complete the questionnaire through the following link, and we’ll find a time on my calendar. I would recommend you watch my video IUL on Steroids. application.wealthprotectionlady.com/

@olgasaenz7430 2 жыл бұрын

Thank you for sharing your knowledge. I’m just getting started with a consulting company to sell these

@WealthProtectionLady 2 жыл бұрын

Good luck, Olga!

@perryd43 2 жыл бұрын

Thank you for the info neighbor

@ThinkYourHealth 3 жыл бұрын

My concern with this type indexed product is the volatility of the market and performance risk. If I understood you correctly I should not be penalized if there is a downturn in the market. I was not aware about this type of product. Thanks for the breakdown.

@WealthProtectionLady 3 жыл бұрын

Exactly! You get the upside of the market but if the market goes down, you don't lose anything.

@ortallevitan1 3 жыл бұрын

Thank you for explaining what an IUL is! I didn't understand it prior to watching this

@AskMinhWin 2 жыл бұрын

love the honesty i am 41 i am trying to retire and live on dividends by 60, so I wont accumulate wealth quick enough

@WealthProtectionLady 2 жыл бұрын

If you are interested in an IUL illustration, Minh, here is a link to the application to talk with me. .form.typeform.com/to/SNfW1IBA. Also, watch this video to learn more about the IUL I offer. kzfaq.info/get/bejne/sKhlmZOJ2KnQgmg.html&ab_channel=WealthProtectionLady

@redtops5160 2 жыл бұрын

Buy dividend paying stock, reinvest dividends. Not through an IUL product.

@shuuuGT 3 жыл бұрын

Interesting I've never heard about this concept before. I've only been doing index funds.

@redtops5160 2 жыл бұрын

You are better off doing index funds.

@candrajones7744 2 жыл бұрын

I appreciate how you expected the difference between pro and con.

@YesToTech 3 жыл бұрын

This is insanely helpful! Thanks so much for sharing these pros and cons! :)

@mariafernandatarazon Жыл бұрын

You are amazing at explaining this topic clearly and with transparency. Excellent job

@WealthProtectionLady Жыл бұрын

Glad it was helpful!

@ginabahen5546 2 жыл бұрын

Your honesty is AMAZING - thank you for teaching me about this!

@WealthProtectionLady 2 жыл бұрын

You are so welcome!

@LauraBurford 3 жыл бұрын

Great job explaining IUL's - many people don't understand them. Need to check other videos out on your channel.

@hurst-cs2jh 3 жыл бұрын

Hello Laura🥰😊

@johnattaway6741 3 жыл бұрын

Thank you 4 this valuable information, good stuff !!!

@WealthProtectionLady 3 жыл бұрын

Thank you, John!

@trujourney 2 жыл бұрын

Great video. It’s all about how you structure the policy.

@trish3899 3 жыл бұрын

Very insight! Had no idea about the details of this. Thank you for sharing!

@EChung87 3 жыл бұрын

great video, thanks so much for the info

@WealthProtectionLady 3 жыл бұрын

Thank you, Eric!

@TeacherMellonie 3 жыл бұрын

Great information and very important for people to understand different life insurance. Keep up the good work.

@hurst-cs2jh 3 жыл бұрын

Hello Mellonie 😊🥰

@gullah_babyyy 7 ай бұрын

Awesome video!

@theonesandwich8706 6 ай бұрын

When you say “take retirement income” do you mean to say, take a loan in that amount?

@WealthProtectionLady 6 ай бұрын

Yes. Whenever you access your money, you will always take it in the form of a loan. That way, it will always be tax free.

@TrueStature 3 жыл бұрын

I don’t know enough about these topics! Your channel will be very helpful. Thank you!

@BKLNsF1nest 2 жыл бұрын

Thank you for weeding out all the noise. All of this is so confusing and your video gives the tools to go into an establishment informed and prepared

@WealthProtectionLady 2 жыл бұрын

Glad it was helpful!

@HR3EEE 2 жыл бұрын

You are a great insurance communicator! Thank you!

@WealthProtectionLady 2 жыл бұрын

Thank you, Harold! You made my day!

@HR3EEE 2 жыл бұрын

@@WealthProtectionLady as relatively new advisor I’ve always worked to hone my presentations. Ive seen it presented many ways. Until I discovered you I thought I was the best. 😂I like your style. Thank you for the amazing library you’ve created!

@parthivc6353 2 жыл бұрын

Has anyone here bought IUL life insurance? If yes, can you please share: 1. Which Carrier? 2. How many years in the policy currently? 3. How is the Cash Growth compared to the illustration at year 0? 4. Is it recommended for Tax-Free Cash Value growth - Yes / No? Thanks.

@xyz4484604 2 жыл бұрын

I heard Allianz has the best language

@graceamponsah8108 2 жыл бұрын

I can help you with IUL from Transamerica or Pacific life. Am a licensed agent

@bklynbatallday104 6 ай бұрын

Well it sounds like fee's are the con here just how does someone fine a company with resemable fees

@WealthProtectionLady 5 ай бұрын

The Securian BGA II IUL I sell is the lowest cost in the industry partly because they begin reimbursing you for your expenses in year 11. National Life Group, John Hancock, North American and Allianz are expensive products.

@jaunt3603 5 сағат бұрын

What happens if the insurance company folds?

@didijue6710 Жыл бұрын

This is very helpful!

@nickolejohnson6522 2 жыл бұрын

Thank you for this information.

@WealthProtectionLady 2 жыл бұрын

You are welcome, Nickole!

@user-nk3ut5yg1q 7 ай бұрын

Is there a surrender value on the policy?

@WealthProtectionLady 6 ай бұрын

There is a surrender period for all IULs of at least 10 years

@RAandMyself 3 жыл бұрын

Interesting! This is an important topic, and not up my alley. So thanks for making it.

@georgesilver875 4 ай бұрын

Been trying to fill out the application is not going through.

@WealthProtectionLady 4 ай бұрын

Maybe clear your browsing data and/or cookies. Nobody has complained about this before. If it still won't go through, email me with your basic information --state of residency, annual income, health, etc... sue@wealthprotectionlady.com

@choosey87 Жыл бұрын

New subscriber !

@067fanshorts2 Жыл бұрын

Great educational video I totally agree with you that atmost care needs to be taken while designing the policy. I am an IUL producer too can you pls clarify below ? Money taken out from IUL during retirement is taxable unless in following scenarios 1) Withdrawals done until your initial deposit (FIFO) 2) Taking the money out as policy loans. Any withdrawals done on the growth is taxable.

@WealthProtectionLady Жыл бұрын

Whenever you access funds from your IUL, you will always take it in the form of a loan. That way, it will always be tax free.

@Istatwaar 2 жыл бұрын

Thank you

@veenareddy4792 3 жыл бұрын

Very helpful, thank you.

@WealthProtectionLady 3 жыл бұрын

You are welcome, Veena!

@anizedergham5389 2 жыл бұрын

Please give specifics on what the agent needs to put in a policy to make it better for me the consumer

@WealthProtectionLady 2 жыл бұрын

The agent needs to structure the policy for the LOWEST death benefit the IRS will allow. That means the agent will get the LOWEST commission as well. That will maximize YOUR cash accumulation.

@rickpratt5115 2 жыл бұрын

Thank You

@OnuwaUgwuanyi 23 күн бұрын

How would I know whether or not my agent designed my policy properly? And if I realized that the agent did not design the policy properly, is there anything I can do to make the changes? Thanks in view of your response!

@WealthProtectionLady 20 күн бұрын

Watch my video Evaluating IUL Illustrations kzfaq.info/get/bejne/h7xxd5pqyMq0ZX0.html. If your policy is not structured properly, you can call the carrier and have them lower the death benefit as much as they can, but they will probably only allow you to lower it 20-25% per year. You can also switch indexes. I would recommend a volatility control index that is preferably rebalanced daily with a high participation rate that is preferably guaranteed at 100%.

@dayaniraferrer3304 Жыл бұрын

He visto sus tutoriales y son muy educativos, aunque me gustaria saber si las personas que tiene un income bajo no tienen éstas mismas posibilidades de IUL Gracias

@WealthProtectionLady Жыл бұрын

Los bajos ingresos están bien.

@yadirose6514 Жыл бұрын

I just found your channel and I think that you are Fantastic!!! Do you have a Master Class? I would Love to take it 🙏🙂

@WealthProtectionLady Жыл бұрын

My master class is old. I should do a new one.

@CLItoughtrigal 3 жыл бұрын

Great video

@WealthProtectionLady 3 жыл бұрын

Thank you. I'm glad you liked it!

@TommySpotts 3 жыл бұрын

Very informative. I enjoy learning from you and the way you teach.

@snow40741 Жыл бұрын

If you are single 56, no kids, no spouse...should you get this policy?

@WealthProtectionLady Жыл бұрын

Absolutely! An IUL is not about the death benefit so we want that to be the lowest it can be.

@snow40741 Жыл бұрын

@@WealthProtectionLady What is an example of the lowest and the benefit for me?

@ajayupponi 2 жыл бұрын

Very helpful....Very nicely explained

@elhamfotovat5072 2 жыл бұрын

Hi. Thanks you so much. This was very helpful. Can you please elaborate more on "the min death beneifit that IRS allows" mentioned in your video?

@WealthProtectionLady 2 жыл бұрын

That is based off of your age, gender, health, premium, etc.... If you would like me ro run an illustration for you so you know what that exact number is, complete this application: form.typeform.com/to/SNfW1IBA

@TheStJamesProject 2 жыл бұрын

Str8 to the point. I feel confident about the IUL policy I own now. Thanks!!!

@WealthProtectionLady 2 жыл бұрын

I am so happy this helped you feel better about your IUL. Also check out my video on a properly structured IUL to help you feel even better: kzfaq.info/get/bejne/kMVditqGnduuYIU.html&ab_channel=WealthProtectionLady

@HeavenlyAngels85 Жыл бұрын

What would be a good structure to look for from agents if he giving me a good deal or just getting Paid himself?

@WealthProtectionLady Жыл бұрын

I just put out a new video on Friday called Evaluating IUL Illustrations. Here is a link: kzfaq.info/get/bejne/h7xxd5pqyMq0ZX0.html&ab_channel=WealthProtectionLady

@Alan-wl5de 2 жыл бұрын

thank you so much

@WealthProtectionLady 2 жыл бұрын

You're welcome!

@AnnMorris-z9d 4 сағат бұрын

Garcia Mary Martin Paul Young Ruth

@Raymondc_19 Жыл бұрын

I’m 30what computer would you recommend to buy this. Policy and which agent or broker will be the ideal one?

@WealthProtectionLady Жыл бұрын

You can complete this questionnaire so we can find a time to talk. application.wealthprotectionlady.com/

@salsanchezzz 2 жыл бұрын

Wow! That’s amazing, thank you so much! how many years have you been doing IULs for?

@HeavenlyAngels85 Жыл бұрын

How long does it take to structure good policies? Day , few minutes???

@WealthProtectionLady Жыл бұрын

It takes 5 minutes max.

@2023Red 3 жыл бұрын

As a senior citizen, I realize it may be too late for an IUL with appreciation as a goal. Can you provide your video that addresses the specific companies and policies to maximize cash value in 20 + years? I am 67 and in perfect health. With a family that typically hits 100 and my 85 HDL, I think I too will last that long. By the way, I have a large nestage to prepay if that is needed. My goal is legacy for my four infant grandchildren. Thanks.

@gadgetgrader Жыл бұрын

Would it be beneficial to put in a large lump sum upfront into an IUL?

@WealthProtectionLady Жыл бұрын

You can do that but I don't necessarily recommend it. If you put down a large lump sum, you would have to divide that up into between 3-11 years. Your first year's premium would be paid and the rest of that money would sit in a Premium Deposit Account earning 5% interest. Every year's premium would be paid. The problem is you don't have access to the funds in the premium deposit account and I bet you could find a better place to put that money that would earn more than 5% interest -- probably realestate.

@ComplexLifeSimpleRules 7 ай бұрын

Thanks for the video - How to reduce the fees?

@WealthProtectionLady 7 ай бұрын

You always want the lowest death benefit the IRS will allow. That way your maximizing cash accumulation and the agent receives the lowest commission thus reducing fees.

@yawjr 3 жыл бұрын

Thank you so much. Very informative and I got absolutely no sense of bias or a sales pitch!

@WealthProtectionLady 3 жыл бұрын

You are so welcome!

@terrelloliver9760 Жыл бұрын

What are your thoughts on buy term and invest the difference?

@WealthProtectionLady Жыл бұрын

Watch my video "IUL on Steroids." You always want the lowest death benefit the IRS will allow because an IUL is not about the death benefit. It's about maximizing your cash accumulation. If we didn't have to have the death benefit, we wouldn't, but it's the only way to get benefits that seem too good to be true. The participation rate has increased with the product I offer, so now, you would be credited 265% of any gain in an index that has an average annual return of 17.95%.

@terrelloliver9760 Жыл бұрын

what product do you use that's getting 18% on IUL's?@@WealthProtectionLady

@cinthyamoore884 2 жыл бұрын

You explain it so well and I’m very simple terms. Thank you

@DanielRodriguez-kc5ow Жыл бұрын

My son is graduating from high school, can he get an iul or would the monthly cost be too much for a minimum wage employee?

@WealthProtectionLady Жыл бұрын

Hi, Daniel! There are no age restrictions for an IUL. IULs are a better choice than a 529 plan where you can lose money.

@razor5973 2 жыл бұрын

Thank you so much for this video! you explain it absolutely amazing!

@pago6849 2 жыл бұрын

Did you say on the set up of a IUL should be in a way that its for the lowest minimum death benefit available? purpose is to save on any fees or taxes? sorry trying to understand that part?

@WealthProtectionLady 2 жыл бұрын

Yes. The way I structure IULs is for the maximum cash accumulation for you, the lowest commission for me and that is based on the lowest death benefit the IRS will allow. The reason is that you pay fees based on the death benefit, so we want it the lowest it can possibly be. If you need more life insurance, I can always quote you term insurance.

@PaulPeixoto 3 жыл бұрын

Great job! Keep it up, Sue!

@xaviercrandell9234 10 ай бұрын

Do you design the IUL or you work with specific companies and agents ??

@WealthProtectionLady 10 ай бұрын

The IUL I sell and design is Securian's BGAII with the 3-year S&P PRISM index because it is the #1 Best Performing Index in the industry with an average annual return since its inception in 2018 of 17.04%. It has two participation rates (115% + 320%) and both are guaranteed at 100%.

@strongmindtransportllc 2 жыл бұрын

Good day ma’am and thank you for the wonderful information. I’m 33 years. Owner operator/. Truck driver What the best policy to get to retire in 5-10 years And take the funds and Start investing it into real estate in 3-5 years from now ?? Any suggestions please and thank you. Single no kids no bills. Live in the truck. Goal to retire my parents in 10 years or sooner..

@WealthProtectionLady Жыл бұрын

A lot of real estate investors love the positive arbitrage of taking Index/Participating loans in an IUL where you earn interest on the money you loaned yourself. You should watch my IUL on Steroids and Life Insurance Loans videos. In order to retire in 5 years, you'd have to put a lot of money into an IUL. IUls also need to be funded for at least 7 years.

@elmicheladas323 2 жыл бұрын

should I borrow from my cash value or just make a partial withdrawal ?

@WealthProtectionLady 2 жыл бұрын

Always borrow so you get your money tax-free. If you withdraw, you'll have to pay taxes on the gains.

@droolalot5795 6 ай бұрын

I'll just invest $3k a month and take a loan any time I want and use the stock as collateral and not get scammed by insurance companies and agents making $500k a year. They are getting that money from someone. You. At the end of $20 years using average returns, I'll have $1.2 million. Use it as collateral for more loans and Never Pay capital gains tax and leave it in my will and use the step up in basis to minimize their tax burden.

@rahulchakravarty1429 Жыл бұрын

Thankyou for the easy explanation though I still have no clue on how to go about it…I have a few basic questions though - 1) I have a 401k with my employer can choose not to continue with that and go for an IUL 2) Can have both does that hurt? I mean know I will have less in hand as I will need to invest in 2 places 3)If I chose to go with IUL and say transfer my existing 401k fund to IUL does that have any added benefit like less fees etc…does that give me any kind of boost/headstart in the 10-15yrs of period you mentioned it takes for the IUL to have any substantial funds?

@WealthProtectionLady Жыл бұрын

Hi, Rahul! You can have both a 401k and IUL. You cannot fund an IUL with a 401k. An IUL can only be funded with money you've already paid taxes on. For the most part, fees on a 401k are very high vs. that of an IUL but not all IULs are created equal. Some have very high fees. Watch my video IUL on Steroids.

@rahulchakravarty1429 Жыл бұрын

Thankyou for your reply, If I were wish to open an IUL how to go about it and do you provide/facilitate the process if yes let me know the next steps. Full disclosure - I do plan to open one for sure but starting March-April next year

@kunalamin8 Жыл бұрын

Very nice video. Do you have any video or more information about fees? Thanks

@WealthProtectionLady Жыл бұрын

Hi, Kunal! I don't have a video on fees, but IULs are front-loaded with fees for the first 10 years. With the IUL I sell, watch IUL on Steroids, they reimburse you for your fees starting in year 11.

@kunalamin8 Жыл бұрын

@@WealthProtectionLady Thank you for reply.

@amethystessence 3 жыл бұрын

Amazing. Really educative video. Thanks for this

@tullumerechi281 2 жыл бұрын

Why not advised for people below 35? You stated it takes about 15 years to make significant returns, isn’t then better to join at early age and earn more returns for longer years?

@WealthProtectionLady 2 жыл бұрын

IULs are great for any age except for those over the age of 65 because life insurance gets more expensive the older you get. Most of my clients are families -- mom, dad and the kids.

@homekwetu Жыл бұрын

Just wondering, If I finally read the fine print and find out fees are high but still want my policy what can I do? Can I also restructure?

@WealthProtectionLady Жыл бұрын

If you realize your IUL was not structured properly for the lowest death benefit the IRS will allow, and you're paying fees on a death benefit that is too high, you can call the carrier and request to have your initial death benefit lowered. Chances are they will only allow you to lower it 25% per year.

@trescouture2829 Жыл бұрын

How do we know if we will qualify for Insurance or not (medically speaking)?

@WealthProtectionLady Жыл бұрын

If you have medical issues, we may not know until you go through underwriting.

@rossderek82 2 ай бұрын

What happens to the cash value you earned when you die?

@WealthProtectionLady 2 ай бұрын

When you pass away, your beneficiary will receive the cash value and death benefit minus any outstanding loans.

@astroman30 2 ай бұрын

@@WealthProtectionLady That's not true at all. Plan B offers a raised death benefit. But at no time, do the beneficiaries receive both the DB and CV. How dare you spread this lie. I defy you to name the carrier you're promoting so I can email them your comments.

@WealthProtectionLady 2 ай бұрын

@@astroman30When you are on the increasing death benefit option, the beneficiary would receive the death benefit which is the cash value plus the initial death benefit minus any outstanding loans. When you are on the level death benefit option, the beneficiary would receive the death benefit minus any outstanding loans.

@astroman30 2 ай бұрын

@@WealthProtectionLady That is completely false. At no time does the CV get paid out unless the policy is cancelled. Name your carrier, please.

@HeavenlyAngels85 Жыл бұрын

Hello, Is get 50,000 IUL POLICY PAYING 30 DOLLAS MONTH A GOOD IDEA? CAN I DEPOSIT 5, 000 INTO THE POLICY THREE MONTH IN? sorry for all cap😊😊

@WealthProtectionLady Жыл бұрын

Based on your $30 per month premium, your illustration would give you a Modified Endowment Contract limit. Depending on your age, you may not be able to contribute an extra $5,000.

@sharons.6529 Жыл бұрын

Can you help set one up without that company. They want 100,000

@WealthProtectionLady Жыл бұрын

Hi, Sharon! If you are interested in an IUL through me, you can complete this questionnaire and we can find a time to talk: application.wealthprotectionlady.com/

@S.A.1 Жыл бұрын

Why make life so complicated in understanding a product that may or may not work for you…. I would rather go with index investing and Roth conversions.

@willc4508 3 жыл бұрын

I've had a IUL for 5 years When should I switch from Option B to Option A?

@WealthProtectionLady 3 жыл бұрын

Hi, Will! It really depends on the performance of your policy, your overall goals and if you are at a point where you are ready to take income. The catch is that you can go from option B to option A, but not from option A to option B (most carriers). So, switching the death benefit to option A is actually a point of no return. My advice is to call your life insurance agent and schedule an annual review, since I am not familiar with your policy. Thank you for your comment!

@hcrystalh 3 жыл бұрын

Typically you switch when you start taking income in retirement age. Some policies only let you switch once during the life of the policy so just make sure you want to do it at the time you switch.

@kevinarellanes6260 Жыл бұрын

Would u recommend this with someone making less then 40k a yr ?

@WealthProtectionLady Жыл бұрын

Yes! Absolutely!

@PrivateMuseumTours Жыл бұрын

Sue thank you for sharing. However, I see that IUL is not available in NYC. Is this correct? How do I go about signing up for those of us in the NY area?

@WealthProtectionLady Жыл бұрын

Unfortunately, because insurance is state regulated, the IUL I sell is not available in New York. I wouldn't even know who to refer you to.

@mundie33 2 жыл бұрын

Tbh I don’t see any reason to fund a 529 vs this. Open the IUL as soon as the baby is born

@WealthProtectionLady 2 жыл бұрын

My kids had 529 accounts and lost a good portion of it during 2008 Great Recession. You would never lose money in an IUL.

@sylviamoody3808 11 ай бұрын

😊

@susanwanja1609 3 жыл бұрын

Thanks sue

@WealthProtectionLady 3 жыл бұрын

You are welcome, Susan!

@susanwanja1609 3 жыл бұрын

@@WealthProtectionLady please i need help how can i reach you....

@WealthProtectionLady 3 жыл бұрын

Susan, please email me at sue@wealthprotectionlady.com. I would be happy to help you!

@susanwanja1609 3 жыл бұрын

@@WealthProtectionLady yes i emailed you

@darnelclapp9737 Жыл бұрын

Can one over 65 open an IUL?

@WealthProtectionLady Жыл бұрын

I don't necessarily recommend an IUL for those over 65 but it depends on what you are looking accomplish. If it is saving for retirement and you want to retire in 5 years, you would need to contribute quite a bit to make it worth while.