IUL vs Whole Life-Net Amount At Risk In Max-Funded IUL Is Far Less

Рет қаралды 14,948

Күн бұрын

Do you have your insurance money in the right place? Some people say whole life insurance is the way to go, while other people have made fortunes with indexed universal life. Minimize your confusion by watching this video! I'll talk about IUL vs. whole life and how the net amount at risk in max-funded IUL is far less!
To your abundance!
Doug Andrew
Key Moments In This Episode
========================
00:00 Intro & Summary
00:54 Why You Should Buy Term And Invest The Difference
02:06 How Whole Life Insurance Works
02:59 How Universal Life Insurance Works
03:44 How To Be Self-Insured With Universal Life Insurance
04:29 How TEFRA Affects Universal Life Insurance
05:01 How DEFRA Affects Universal Life Insurance
05:31 How TAMRA Affects Universal Life Insurance
06:28 How Banks Make Money With Other People's Money
07:00 Where Banks Keep Their Assets
08:49 What Does Parity Mean In Life Insurance?
09:37 Bucket Analogy: How Life Insurance Works
10:38 The Cost Of Insurance
11:54 Maximum-Funded Whole Life vs Indexed Universal Life
14:09 Why Guarantees Don't Matter In Whole Life Insurance
16:09 Learn More About The LASER Fund
What To Watch Next
========================
Infinite Banking With IUL Versus Whole Life
• Infinite Banking With ...
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Video by Nate Woodbury
BeTheHeroStudios.com
/ natewoodbury
#DougAndrew
#3DimensionalWealth
#AbundantLiving

Пікірлер: 68

@tradeforcharity 2 жыл бұрын

Only 30 comments (since this post). That shows not many people are serious about their wealth creation 👍🏼

@smart_money_makes_money 2 жыл бұрын

Amazing. I can’t believe people don’t skip a beat when they put things on credit cards and pay THEM 15% interest but will get skeptical when you talk about a vehicle that will earn them double digit interest in their own money. It’s crazy!!!

@coinbitxy 2 жыл бұрын

R.I.P. Whole Life. You've been slayed by an OG. 🔥🔥🔥

@WulfTrigo 2 жыл бұрын

I wish more people knew about you man 🔥🔥🔥

@MichaelDominguez25 2 жыл бұрын

This one was ⛽️⛽️⛽️⛽️⛽️

@CrimeVictimsProtection 3 жыл бұрын

Awesome 😎

@bullwinkle774 Жыл бұрын

Nice

@singhfinanceguy5650 Жыл бұрын

Fire.

@randilicious Жыл бұрын

Thanks a million!!

@missedfortune 2 ай бұрын

You're welcome!

@caveman9897 Жыл бұрын

I’ll go WL

@carolineburnett7895 10 ай бұрын

What are the premiums after your initial investment?

@skeetaman3049 Жыл бұрын

What’s the best company I should start an IUL with?

@dailstancill720 2 жыл бұрын

Alliance, NLG, NA, F&G or Columbus?

@p.davidespinosa8688 2 жыл бұрын

What is a good surrender value to total premium ratio at 20 years with an average of 5.6%

@higherpriorities Жыл бұрын

Hopefully the surrender charges would have expired in year ten or fifteen of the contract.

@ryanlien1608 Жыл бұрын

Hi Doug, I’d like to open a policy with you. How do I go about this?

@missedfortune Жыл бұрын

Hey there, you can setup a time to speak directly to an IUL Professional we work with here: www.3dimensionalwealth.com/getstarted

@JoeC5050 3 жыл бұрын

Is that policy increasing death benefit?

@thecashqb 2 жыл бұрын

Yes

@robmartin217 Жыл бұрын

2-20-2023

@DavidElCid300 3 жыл бұрын

Is IUL appropriate for Infinite Banking?

@TheOpinionSports 3 жыл бұрын

Yes

@officialtobinshort 3 жыл бұрын

100%

@damiansmith5169 3 жыл бұрын

ABSOLUTELY!

@Savannah-ed4rv 3 жыл бұрын

Can the death benefit be used for long term care. I've heard that whole life can, which is an additional benefit and you don't need a separate LTC policy.

@damiansmith5169 3 жыл бұрын

@@Savannah-ed4rv you can add an LTC rider to IUL which give it even greater value!

@kimbrough2046 3 жыл бұрын

BOLI uses whole life, because of the guarantees. The standard IUL policy has 56 different places that the life insurance company can change the amount due and offer no guaranteed death benefit nor cash value. Which means they have the contractual right to pay you non of your “own” “self insured money”. I do sell IUL to those who know and understand the dangers. I personally own one and that’s because there was a premium finance deal. They can be helpful tool if built and designed right, but even using your methods there is no way to predict returns are the market needs. If there is down times for the financial institution they are contractually obligated to pay the whole life owners first. And the people who have term or term lite (IUL). Will be the ones paying for it.

@seestuff09 3 жыл бұрын

while i agree with your general premise, one thing to consider is banks have an infinite timeline. our clients have a small window to save for retirement and if they can get better performance from an IUL on average, then it should be worth considering.

@TheOpinionSports 3 жыл бұрын

Corporations use IUL. COLI

@MarchNatalie 3 жыл бұрын

IUL bringing you a priceless living benefits and average rate of return is much higher than WL. Don’t buy IUL from agent who is limited on product and insurance companies who he is working for and you will not worry about “56 places”. Perhaps with a new change to 7702 IRS codes guarantees on WL going down from 4% to 2-3.75%. But none of WL or IUL is bad or good for you. Know the product. Know your client. Educate your client on basic principles of financial foundation. IUL has their guarantees too. From 0% to 1% floor and from capped to uncapped or high capped strategies. I can sell both WL and IUL and more and the only preference what to choose is my client, his goals and financial preferences. I’m not limited on products to choose from or insurance companies to work with. This is bringing me confidence to choose to my client what is suitable and affordable for them. I educate my clients on all type of finances and they making an informed decision to save their future with confidence!

@alb347 2 жыл бұрын

My IUL guarantees 2.5% min. I think your examples are only true for the specific carriers and or how the agent set it up. So be sure to get a well educated agent.

@robmartin217 Жыл бұрын

@@MarchNatalie is it true that correct policy design and "max funded" is key?....to prevent policy imploding?.....ie...in later years when COI skyrockets....

@Eskeeter03 2 жыл бұрын

Trusting a life insurance policy WITHOUT guarantees to perform as good as the illustration when at any moment over life of the policy the cap rates can be lowered to compensate the company over the client is naive, I doubt you're that naive. I need to see one perform over a 10 year period vs the illustration before I'm sold knowing how poorly ULs have performed since their inception. I have yet to see an IUL that performed nearly as good as projected

@brookslindblad2202 2 жыл бұрын

I can tell you my experience. I purchased an IUL 5 years ago and max funded it and have gotten an 8.5% return the illustration rate was 6.7%

@smart_money_makes_money 2 жыл бұрын

Mine has been 10% plus and illustrated at 6% too.

@robmartin217 Жыл бұрын

@@smart_money_makes_money what Life company?...

@robmartin217 Жыл бұрын

@@brookslindblad2202 what Life company?....

@smart_money_makes_money Жыл бұрын

@@robmartin217 PacLife

@robmartin217 2 жыл бұрын

Doug, banks are pathetic...

@texasowl5356 2 жыл бұрын

Such bullshit lol

@swanronson2517 Жыл бұрын

Lol, I’m sitting here laughing this whole time. These folks on here commenting like this man is some genius. All he is good at is screwing people out of their money. He’s basically saying “banks aren’t a good place to keep your money!”…well, duh. “You get better returns by investing”…also, duh. He fails to mention all the fees, market volatility, and other BS that comes with investing in anything that’s attached to a life insurance policy. Scammer!

@robmartin217 Жыл бұрын

@@swanronson2517 more like uninformed clients and dumb inept agent's...

@sfeverett1 2 жыл бұрын

This guy and his sons are Scammers this guy has over 60 people suing him for fraudulent business tactics dont give this guy your money run the other way.

@tyrecarmon20 2 жыл бұрын

You got the link that says that?

@thecashqb 2 жыл бұрын

From an account titled "millionaire investments" that totally doesn't sound scammy itself lol. This guy has financial & securities licenses that are held to high standards. Are you?

@DaveLopezMixing 2 жыл бұрын

Can you cite your claim, 'Millionnare Investments'?

@haripyakurel7462 2 жыл бұрын

He is not a scammer. Though some people sue him but he won the case because he was right. He is not telling lie here. Lots of people don’t understand life insurance and they say scammers and whatever. Don’t take me wrong there are scammers everywhere and most agents sell products to get good commissions but not good for clients, that’s only the reason there are so much of negativity and meths about life insurance. Today we can use life insurance as supplement benefits before we pass away where it used to be only death benefits in traditional way.