What Can Go Wrong With IUL? What Is The Downside?

Рет қаралды 60,388

Күн бұрын

An indexed universal life may not perform well because of some unexpected reasons. Now, I am going to address these problems and help you optimize your IUL insurance. In this episode, you are going to understand what can go wrong with an IUL and what is the downside.
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To your abundance!
Doug Andrew
Key Moments In This Episode
========================
00:00 Intro & Summary
01:18 Where The 40-60% Of Retirees Ought To Be
02:38 Why IUL Is The Dream Solution
03:40 What People Are Usually Told About Life Insurance
04:36 How Choosing The Wrong Insurance Company Prevents IUL To Perform Well
04:48 What Is A Legal Reserve Insurance Company
05:05 Why Do Banks Put Your Money Into Insurance Companies
05:24 What Is A Comdex Score And Why Choose Insurance Companies With High Comdex Score
06:33 What Kind Of Insurance Companies Should You Look For
07:47 How Choosing The Wrong Product Prevents IUL To Perform Well
08:37 How To Make Sure That Your Policy Is Correctly Structured
09:39 What Happens If An Advisor Does Not Structure It Correctly
10:37 How Should You Choose An Insurance Agent
11:34 What Happens If You Have Flexibility
12:33 What If You Have Reviews To Be Accountable
13:26 What Is The Biggest Reason Why Most IUL Policies Do Not Perform As Illustrated
14:49 What Is In The LASER Fund Book About How To Correct Something
15:12 What Is The LASER Ready Test And How It Can Help You
16:50 How To Claim Your FREE Copy Of The LASER Fund
17:08 What Opportunity You Can Have
Go to: www.laserfund.com
Go to: entitlementabolitionbook.com
Go to: www.free10keysbook.com
What To Watch Next
========================
What Is An IUL (Indexed Universal Life) | What Does It Mean To “Max-Fund” An IUL?
• What Is An IUL (Indexe...
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Visit Doug Andrew’s websites:
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Music
========================
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Video Link: • LiQWYD - Glow (Vlog No...
========================
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Пікірлер: 131

@heberalmanza104 2 жыл бұрын

I am a broker here in the state of Texas. And regardless how much I know, I always learn more from you. Thank you so much for taking time out of your valuable time to help us.

@SarahNsingi Жыл бұрын

Me too 😂😂😂. I always get more answers for my clients from here 😅

@missedfortune 2 ай бұрын

You're welcome!

@ericbrown1708 Жыл бұрын

Doug, thank you so much for sharing this info! I heard about whole life insutance policies being *the* avenue for the rich to gain tax free income years ago, but only after finding your videos have I come to learn the actual details. So many are offering this information as a paid infomercial essentially, meaning to even learn how to handle money, I would have been forced to pay money - not going in the right direction. :p Your videos, however, are so helpful and detailed - and free! :D I've always been of the entreprenurial mindset but a coma in 2010 slowed me down. Now I'm on the way back in the game, and OBVIOUSLY this information is priceless. I will be following all of your advice, and look for more ways to support you and your endevours. Thank you again, Doug - you are saving lives, I mean that literally. Both Buffet and Kiyosaki say that we're about to enter a time worse than the Great Depression and that it will last for much longer. Your advice will allow those that listen to begin to structure themselves for ~true~ financial security, and that will keep us from being homeless.

@ghostoferlock 2 жыл бұрын

Good information, it's nice how examples and general specifics are said. Many people don't like to understand certain parts of a portfolio, but Doug likes IUL, and explains why, and how it can be useful. That is important, showing how it can help, and how it functions. A simple thought for everyone, if you had enough money to take to a fee for service advisor, how much do you think someone with Dougs experience of almost 50 years would be charging ? Keep in mind that when you hear of failed policies from a friend or such, the author of this channel didn't put that policy together.

@SAMzSAmsofly Жыл бұрын

Question here do you have a list of trusted brokerage companies to get into IUL ?

@jojomiciano3048 Жыл бұрын

This information is very useful, and as an insurance advisor, we are doing this plan for our clients and hearing and learning from you is a plus. Thanks so much for this video. God bless you Sir Dough

@missedfortune Ай бұрын

You're welcome!

@carlosangelvalles5762 Жыл бұрын

I went to his 3 day Seminar. Very informative. I enjoyed listening to his analogies. He emphasizes that once a year his family gets together to share their experiences and knowledge. On what work or did not work..

@missedfortune 2 ай бұрын

Thrilled to hear that you enjoyed the seminar and found value in the information!

@codyraymiller 10 ай бұрын

I appreciate the info and honesty - 99% of IULs are not structured properly, which means they are not benefiting the owner. Or, at the very least, not benefiting them as they could/should be. It is frustrating to see so many people talking up these IUL products without discussing how carefully they must be structured.

@marquiesmith1907 5 ай бұрын

Hey man where are you based ?

@FrancisFurtak 9 ай бұрын

Wow! Thank you so much! I have never heard anyone explain things in such detail! We'll be in touch.

@missedfortune 8 ай бұрын

You're so welcome!

@leonardofuentes3302 2 жыл бұрын

Thank you for helping me become a true life insurance professional.

@missedfortune 8 ай бұрын

You're welcome!

@shahnchristensen1470 Жыл бұрын

You seem so confident that you are a bit angry when the process is misunderstood or not executed properly. I love it.... I am just now learning about this product. I didn't even know it existed until I was approached by a company to offer it... Thanks..

@missedfortune Жыл бұрын

It must be done correctly! Thanks for tuning in!

@lyntoyacarson6720 Жыл бұрын

I bought an iul when I was 25 and I’m 33 now..have been funding it minimally ..so I’m glad I have the right tools just need to fund it correctly !! Thanks for the info !!

@lyntoyacarson6720 Жыл бұрын

@@missedfortune thank you for teaching

@catchnote2 Жыл бұрын

Thanks alot for this informative video. This was a big help for me. 😊

@missedfortune Жыл бұрын

You're welcome!

@dsmith6404 Жыл бұрын

Thank you for the information.

@missedfortune Жыл бұрын

Our pleasure!

@venturedeep1340 Жыл бұрын

This information is mind-blowing. Thank you, Doug. Question: 1. Do you have trained brokers in the UK? If so, can you make recommendations?

@IsmaelDiazIAGoupeFinancier Жыл бұрын

This a gold mine !!! Thank Doug for your pation even after almost 50 years !!!

@SergioHernandez-oc8ge Жыл бұрын

Hello Mr Días , Sergio here what company do you recommend? I like to start something like that; thanks.

@IsmaelDiazIAGoupeFinancier Жыл бұрын

@@SergioHernandez-oc8ge Hi there! I work in Canadá in the Québec province. Do you live here ? If so I can definitely look into your personal situation and figure out which company will suit you best +

@phillipfleming3704 Жыл бұрын

@@IsmaelDiazIAGoupeFinancier !

@facestheband Жыл бұрын

Thanks for the info, good stuff. At the same time this feels a little like navigating a mine field. Seems my luck on the roulette table is about as good as picking a good agent.

@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

@evenoseua 2 жыл бұрын

Thank you for all you do here on youtube!

@missedfortune 2 ай бұрын

You're welcome!

@hanselbermudez7604 Жыл бұрын

The problem with life insurance is the way it compensates advisors, and is why you dont hear about it. Imagine a hypothetical policy with $2,000,000 cash value, been in force for 20 years. That initial agent got paid 20 years ago. Another advisor might have put you in the usual broker account making 20k a year off a similar account.

@oneluvblk Жыл бұрын

Greetings Doug. I've been looking at your videos for months. I opened an insurance policy of my own and I was trying to talk to a friend about doing the same. I wanted to show him the story you told of 2 millionaires who handle their wealth with their children in different ways. If you can point out that talk to me I would appreciate it...Thanks for the info you give.

@missedfortune Жыл бұрын

The Vanderbilts vs the Rothschilds is the comparison in my book Entitlement Abolition. If you don't have a copy, you can pick one up here: www.entitlementabilitionbook.com

@DiRTDOG187 10 ай бұрын

Where can see reviews of you and your financial advisors?

@deborahpope114 2 ай бұрын

I use the TSR Ratio to choose companies

@churchilmpolo 8 ай бұрын

good sales pitch

@parthivc6353 2 жыл бұрын

According to you, what are the top 3 IUL product & company in market currently?

@Ppltothepower Жыл бұрын

I am 49 and I don’t have any savings. How much should I put in a IUL to retire with a millions?

@Saad_TheGod 8 ай бұрын

Thanks

@missedfortune 2 ай бұрын

You're welcome!

@candicesparks8748 Жыл бұрын

I really value your information on this because I plan to become my own banker and also become a licensed agent/broker to specialize in this area.

@missedfortune Жыл бұрын

That's great! If you want to explore more on our training for financial professionals you can join us for an upcoming webinar here: www.iulinsiderpro.com

@tarkeishabrown3149 Жыл бұрын

Hi, I noticed you had some interest in learning how an Indexed Universal Life Strategy can benefit you and help with your goals. As a licensed financial professional, I’d love to get you educated on understanding the different strategies & products out there and how they can be of value to you. What would be a good phone number to reach you so that I can introduce myself and provide some general information about these plans??

@Marquie22 Жыл бұрын

What do you mean you diversify and put some on yourself your wife and your kids? You just don’t have 1 insurance policy on your family? Or you mean you just cover each person. Please can you help me I’m trying to understand more clear so that I can get insurance for my family. So do I get multiple policies or just one policy for my family?

@hdiemef Жыл бұрын

Is NYLife a good choice?

@billmangerie4424 Жыл бұрын

What companies do you recommend for starting an IUL or laser fund? Just starting out on all this, and I need some great advice. Your videos are great!!

@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

@hertzfernandez6687 Жыл бұрын

Which company you recommend?

@RealmThe1st 11 ай бұрын

Thanks this info is great! I'm new to this all and still learning how to properly structure infinite banks, iuls and indexed annuities, the imo I am working with seems to not wanna teach me so thay I remain dependent on them. Anyone got any advice?

@missedfortune 10 ай бұрын

Hey there, we teach many of those strategies here: iulinsiderpro.com/

@annab5090 7 ай бұрын

My advise is stay away from it if you like your money and appreciate sound sleep. Search this guy on google!

@babaabba5446 Жыл бұрын

Does this apply in Canada?

@wildernessworthy Жыл бұрын

Which insurance companies are the ones you trust to put your money in?

@scorpionsconsulting2 Жыл бұрын

wow... I didn't know what I didn't know... are you hiring licensed agents?

@adamsdiyandrandomvids5379 Жыл бұрын

Can you make a list of good advisors in each state

@missedfortune 2 ай бұрын

To connect with one of the IUL Specialists we work with visit www.3dimensionalwealth.com/getstarted.

@user-pc3fw4wx7c 4 ай бұрын

Can you review any an IUL policy to see how well its structured.?

@missedfortune 3 ай бұрын

Yes. Schedule a free consultation with one of our specialists here and they can help: 3dimensionalwealth.com/getstarted/

@hyejack10 10 ай бұрын

This is all great question is how do we find that agent in our town?

@missedfortune 10 ай бұрын

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

@razasjam6050 Жыл бұрын

Where can I get a right company to do my IUL, please help me.

@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

@anavicpascarella1686 4 ай бұрын

Which companies are the main ones Doug suggest?

@missedfortune 3 ай бұрын

Schedule a free consultation with one of our specialists here and they can help: 3dimensionalwealth.com/getstarted/

@TheRiseofSuperman 6 ай бұрын

Thank you for this channel. I would love to be proficient in this material?

@missedfortune 5 ай бұрын

check out www.iulinsiders.com

@rhonda205 Жыл бұрын

Hi Doug, Can I open an IUL in an LLC thats inside a irrevocable trust?

@AppliedPressure493 9 ай бұрын

I would love to know this

@thomasha6208 Жыл бұрын

Hi Doug - How is the IUL different from RothIRA? Both tax free right? Should I move the money in RothIRA to IUL - I am 7 years from retirement - 58 years old now? Thank you for all of your advices!

@LxAxV Ай бұрын

Well I believe the very big difference is that you’ll have life insurance coverage, Roth IRA don’t offer that. But yes they are both tax free.

@concesacuff7054 2 жыл бұрын

What best company you can recommend here in st louis mo .

@heberalmanza104 2 жыл бұрын

MOO.

@moneymovesgustavo Жыл бұрын

Transamerica, nationwide, pac life, allianz.

@shemeher3380 Жыл бұрын

Comdex score 85 or higher

@kboy5189 Жыл бұрын

👍

@njugunagathungu8512 8 ай бұрын

how do you transfer from 401k to an IUL?

@missedfortune 8 ай бұрын

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

@meka5159 8 ай бұрын

Im 50 and have never in vested in 401k or ira. So im late in the game. What can id do with an iul his to catch up for my retirement or ins. Id like your co info so i can start right away with you

@annab5090 7 ай бұрын

Stay away from this crap.

@RazorEdge52 2 ай бұрын

@@annab5090why??

@salvatoredefeo7815 Жыл бұрын

Hi can I transfer my 457b to an iul without penalty

@missedfortune Жыл бұрын

Not that I am aware of. The problem with qualified plans such as a 457 is that Uncle Sam will always ask for his cut somewhere in the process.

@johanteichroeb3492 2 жыл бұрын

can i do that in Canada?

@danielisle1357 Жыл бұрын

Canada does have very similar products. If you’re still curious, I have a couple friends in Canada that really know their stuff and can service any Province.

@sheldonzimet863 Жыл бұрын

yada yada

@jonathanespinoza2164 2 жыл бұрын

Vul / whole life vs iul prove me wrong . if 99% are designed wrong then 99% of advisors are wrong .

@melissauribe1997 Жыл бұрын

If you are licensed in the state of CA I would love to prove you wrong on a Zoom call. Let me know if you're ready to learn :)

@dirkbastardrelief 10 ай бұрын

Is this guy's whole channel an ad for universal life?

@missedfortune 10 ай бұрын

We have a series on writing books and many topics on family leadership as well. But a majority of what we talk about is financial centric.

@kimdemps6588 11 ай бұрын

I’m 60 is IUL good for me

@missedfortune 10 ай бұрын

Hey! If you would like to explore the LASER Fund options, go ahead and schedule a time to speak to an IUL Specialist that we work with here: www.3dimensionalwealth.com/getstarted

@annab5090 7 ай бұрын

Save yourself trouble, stay away from IULs and this guy. Google his name.

@kriskris5989 2 жыл бұрын

What do you think about volatility controlled proprietory indexes which IUl companies offer vs S&P 500 Index? If 2 IUL companies have a similar Comdex ranking and features, should we choose the company with better Index options or Higher caps on Indexes and fixed rate? I have a pacific life IUL with 8% cap on S&P and Allianz policy with 10.25% cap on S&P..does higher cap with similar policy expense mean one is better than the other?

@TeacherOfIsrael30 Жыл бұрын

It just means how high the interest can go. I am appointed with National Life and they go at max 15 percent.

@danielisle1357 Жыл бұрын

In your case, higher cap is better. If the COI (cost of insurance) is similar, you’re gonna want a company that has the higher cap. Example: Transamerica has one that’s @ 15% cap, and a 0.15% floor.

@rosiemunoz-lopez8420 Жыл бұрын

I learn a lot from you. Having said that, where you lost me is your reference to Miss America and your referring to funding your investments you refer to choose an advisor that is looking out for”himself and his wife than you and your wife.” My feedback for you is that you choose more inclusive and less male oriented. I suspect that this will generate more subscribers and clients as women are growing investors

@yellowhammerwoodcrafts Жыл бұрын

So can you tell us what company and what advisor? 😂

@annab5090 7 ай бұрын

Obviously his own 🤔😂

@theowoytowich9959 Жыл бұрын

Sounds like smoke and mirrors. No explanation of were the growth in the money in the policy comes from

@missedfortune Жыл бұрын

We have 899 videos about these topics. Here's one that explains how money grows with IUL using Indexing: kzfaq.info/get/bejne/j9WDdNKjlpzQio0.html

@allengallegos7238 Жыл бұрын

So 99% of the company’s DON’T know what they’re doing??? 1% (which is you) is designed correctly…Suspect…If you can reply with a reputable source , I might be convinced.

@xejelah Жыл бұрын

I don't think anyone cares if you're convinced. I'm more shocked you can take a look around at the state of affairs the world is in today and think 99% were right. An investment strategist of 40 years isn't a reputable source?

@june191970 5 ай бұрын

Can I work for you?

@missedfortune 5 ай бұрын

Reach out to our team at 3Dimensional Wealth.

@zacharycampbell1395 Жыл бұрын

Is this why you are being sued by 66k people for policies you created?

@missedfortune Жыл бұрын

We are not being sued by 66k people. Thats extremely false information.

@ecaldwell9 Жыл бұрын

Wow! This man post info to help us & u attack him?!

@vangustia Жыл бұрын

You must be listening to the guy on you tube who sounds like a jilted lover because of his relationship with an iul compaby.

@Sideler74 Жыл бұрын

The biggest mistake would be giving anyone $1.00 to put into an IUL Life Insurance Policy. Its a scam.

@englishwithnelson6138 Жыл бұрын

Explain why instead of just saying its a scam

@vangustia Жыл бұрын

How is it a scam? You probably learned that from uninformed people.

@jennifercrisp7905 9 ай бұрын

Usually what I've noticed is when people say this they've never done it themselves and they've been programmed wrong so therefore they think it's a scam but it's not because actually technically nobody even has the real dates of how long this has been going on from what I have gathered since 1847 Rockefellers rothschilds have been doing this and yes they put it on every one of their children that are born and grandchildren and great grandchildren and great great grandchildren how do you think the United States got built up