4 Lies Life Insurance Agents use to sell Indexed Universal Life

I need life insurance. I need $400,000. Burial expenses and money for my grandchildren. I have already given miney to my children. What should I get and where do I get it?

Thumbs up 👍

Which life insurance company is good? Any suggestion?

I have IUL for over ten years and I happy . I managed to get 12% out of it. What so nice about it, I be able to get the cash out and invest in the stock market when the stocks are down. So, I don’t know what is this guy talking about. Is he trying to sell his product? 😂

You clearly have a motive because this video is full of untruths and generalizations. Your tying to scare people with no facts.

You lost all credibility with you 1st point: Agents make 150% on commissions so the insurance company makes no money. You know the agent is only paid year 1 and this is a long term product. Even if agents made that money the company has 25 years to recoup that. You lack credibility.

This didn't age well. When you said interest rates seem like they are going to remain at an all time low . Still a good video.

Wait, a product where the insurance company can change the rules by adjusting cap or participation rates after the fact isn't a great investment? Plus the costs of insurance? Plus no dividend reinvestment on the index account?

I agree with the previous comment in regards to structure of policy and also in comparison to a 401k which is not guaranteed as with any investment. 401k takes losses all the time but people still invest because the S&P and all the other stock options in America will never not make a positive swing. Also the money your employer put in a 401k gets eaten up in taxes with no death benefit. Miseducation and improper structure is the problem . Also the commission is only a portion of the first year which is pennies in comparison to what the gains are for the consumer or the company..

You left out the fact that after a certain age you will not be able to obtain term life insurance. You can also cash out an IUL as well as a Whole life policy.

Commission aside, these people know damn well that term insurance is the better option when it comes to insuring your family. Invest outside of insurance. 😂😂😂

You are full of negative energy which is so draining. You are not helping the people who needs IUL as a solution for their 3 major life risks which are dying too soon, getting sick along the way and living a long time. Does your whole life policy pays when the client gets sick and cannot go to work? IUL with living benefits does and it is tax free, a lot of people I know already received huge amount of checks because they got sick and it helped them a great deal. Max funded, properly structured IUL will provide tax free income and illustrations are hypothetical because it is based on the historical performance of the linked indices which is used in projecting the future cash value accumulation in the policy in case history repeats itself because there is no way that we can predict the future performance of the market so of course the numbers will not exactly match. And if IUL is evil, what better product are you suggesting that out performs IULs benefits?

I heard the word "performance" like 1000 times....

Moore Carol Martinez James Jackson Patricia

I had it was cutting my profit potential greatly. I had a time line and got out when the penalty lapsed.

First.. U should just breakdown the fees. No one can predict the market and life insurance is what it is. Not an investment. It can be an engine.

Anderson Daniel Young Christopher Harris David

Rodriguez Jennifer Clark Helen Garcia Melissa

Clark Gary Rodriguez Brian Lee Dorothy

Davis John Martin Mark Hernandez Jennifer

they've only had the IUL for 20 years and its performed well my friend has 40 million dollar policy he's extremely wealthy gonna go with what he does

I think everything you said has certain level or truth , different companies different problems , don't you think it will be worth mentioning that unlike whole life insurance you have living benefit with the IUL or at least with the policy i own , I'm protected for a million dollars and if something was to happen to me a terminal, chronical or terminal illness even Alzheimer i can access up to 90% of the total value of my policy tax free depending on the severity of the case, and don't say they are not accessible my father passed from cancer at age 73 and i don't know what we would have done if not for his IUL and those benefits.

A properly structured & max funded IUL is the way to go. Minimum death benefit to minimize fees

So you’re saying an indexed account has performed less than 6% in the past 10yrs? Tony Robbin’s also says indexed is the way to go

Not lies, not 4 lies since they all lead to the same thing. All I see is 1 misleading of information. Still think IUL is a great idea.

I'm glad I didn't got that iul

Man, I love you for this, but I already purchased an IUL. Can I cancel? What should I do? I don’t want it. I just paid my first month’s premium of $200 but I don’t want to give them another dime. Also, what insurance should I get? I’m 48 with four children I need protection. Can you be my coach? I know I can trust you.

Lopez Timothy Jones Eric Robinson Timothy

Probably way too many people relying on life insurance as a way to leave an inheritance

By the time you are in your 50s or so your kids should be gone and you should have enough money to self insure. You’re adult kids don’t need your income

Start investing more in low cost funds

All from a guy selling whole life insurance. :)

Hey I just got an IUL and I’m second guessing it, my first payment isn’t until the 25th, can I get out of it without penalty??

In a nutshell. Take whatever the projected illustration showed with a grain of salt. When viewing the illustration, make sure to reduce the percentage by 1 or 2% and compare it with the insurance projected illustration. By doing the comparison, your mind will be at peace knowing that you are smarter than the selling person who tries to make 60-80% commission in the first year premium you pay out. Also, you should ask up to $500 in Visa or Master gift cards to earn your business. If the agent going to make 60%+ of the premium in the first year and 10% yearly after. A gift card is an incentive to earn your long-term premiums.

Is buying life insurance necessary? Is there something else to invest that is better than life insurance? I pay so much and I felt like I am wasting my money.

I need your help

Williams Susan Lopez George Brown John

Anytime you work with an agent, you can get screwed. When they tell you this is a great product IF done correctly, run for the hills. Nobody tells what right looks like...

I’ve seen a lot other videos on IUL here on YT, and almost ALL agents comment and say —- “if/when structured properly..”

I call BS! Is it a training issue or the agents just don’t care to structure it properly… so they can make higher commission?

Lewis Melissa Hall Cynthia Martin Thomas

Do you think that an IUL never makes sense, or just that the benefits are oversold and that it can bite you if you don't fund it seriously? Would you agree that most of the IUL complaints and poor performance correlate with people who aren't striving to max fund it while minimizing the death benefit? (i.e. the $200 per month contributors). I think if I end up doing an IUL, it would have to be with the plan to max fund it in the minimum time allowable (~5 yrs, to minimize the cost of insurance), and then eat the admin fees while striving for positive returns in most years.

This guy is bad. He talks about agent payout, which has nothing to do with the product or benefit. He concerns payout then pro n con iul or whole life.

So there’s no fees in WL?? The dividend that is illustrated in WL is also subject to all of these policy costs you mention. So if a Dividend is showing 6% what’s the actually amount being creditor to the CV portion of a WL contract after all of these fees ?

So there’s no fees in WL?? The dividend that is illustrated in WL is also subject to all of these policy costs you mention. So if a Dividend is showing 6% what’s the actually amount being creditor to the CV portion of a WL contract after all of these fees ?

I got an IUL for the main focus on "infinite banking". So far I've paid about 4k in premium with cash value of $2k. Is this good? With a low death benefit of $100k.

I am a consultant from the UAE and I am dealing with IUL, WL & SIPs. My comment all the viewers is, regardless of IUL or WL or SIP policy or even Investment platforms, performance as per the illustration is the challenge. After, spending 10 years of my life in this industry - I got the understanding about how to design these policies. The good news is, all these policies IUL, WL, SIP, Investment platforms will perform as per the illustration 100% in the longer run and if it is designed well, it will outperform. Everything lies within the expertise part of the consultant. The secret of designing the policy can be achieved only through the experience of handling old policies (10+ years or 20+ years old policy). So, everyone (consultant or customer) reading this comment - have confidence in the product on the basis of real knowledge. God Bless!

What do you recommend at age 57 to get insurance to leave the family around $500,000?

That's why i hate whole life insurance, the manipulation of insurance gramatical garbage. IUL is flexible and not as complicated as he is painting it. Just say you want to sell whole life stop painting IUL black.

I have had IUL for a couple of years now, and I'm grateful for it.

6.4% is a conservative S&P 500 rate of return.

Can a IUL be structured to work properly regardless of market fluctuations? The problem with most people is they don’t understand what’s wrong with their car before they take it to be fixed. Therefore they don’t know what they don’t know. You have to educate yourself.

I can’t believe you spend 20 mins dismantling poorly written IUL, but then turn around and write WL. Such a joke.