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Tying an insurance policy to an investment, mainly benefits the insurance company and its salesman. Lots of Hocus Pocus going on here . The nice salesman, wearing $450 shoes, who shows up at your home or work is there to get HIS commission out of YOUR Lack of knowledge. If you ask about his commission, he will immediately distract, decay & delay answering. The huge insurance company buildings in Boston Massachusetts were paid for with the money conned out of hard working Americans. Buy term insurance to protect your dependents. When you have no dependents, you don't need insurance.My 72 year old sister got sold an Index annuity---6 months later she wanted her money back. The sales commission was so high that a big chunk was gone in commissions. ****Please don't fall for this Hocus Pocus--Buy inexpensive fixed term insurance and invest the difference in low commission index funds . "Do Well and then Do Good."

Tying an insurance policy to an investment, mainly benefits the insurance company and its salesman. Lots of Hocus Pocus going on here . The nice salesman, wearing $450 shoes, who shows up at your home or work is there to get HIS commission out of YOUR Lack of knowledge. If you ask about his commission, he will immediately distract, decay & delay answering. The huge insurance company buildings in Boston Massachusetts were paid for with the money conned out of hard working Americans. Buy term insurance to protect your dependents. When you have no dependents, you don't need insurance.My 72 year old sister got sold an Index annuity---6 months later she wanted her money back. The sales commission was so high that a big chunk was gone in commissions. ****Please don't fall for this Hocus Pocus--Buy inexpensive fixed term insurance and invest the difference in low commission index funds . "Do Well and then Do Good."

How can I become an agent?

Easy to say that Agents dont stucture them right, but most of them dont get the proper training from their own companies and IMOs. They teach you the basics and then your left trying to figure it out on your own.

I love your video! Thank you

Hello what is the required income you take on as a potential client…would you take on a client who is under 40 making 60k?

Very informative. Thank you. Subscribed.

Thanks

What happens if the insurance company folds?

Do you help with one who wants to get IUL?

You are doing great public service. No. BS information.

How do we find someone that can structure iul's like that

I just want to thank you for the great job you accomplished in presenting this subject in a very simple way. I can say I now know what I want to know. Many agents won’t let you know about their commission part. Thanks again

Check out Dave Ramsey's opinion to balance out this video.

@WealthProtectionLady I'm looking into this for my 18- and 21-year-old sons. I had a local agent give me a breakdown of his IUL, but unsure if he has their best interest in mind. Where are you located, and do you work out of state? Also, would it be viable for them to start one at their current age?

I've done a lot of research recently on annuities as I get close to retirement. Generally, I think SPIAs are not a good product for retirement, however, the SPDA products can be used to insure against running out of money, should one live beyond expectations. I also think that, just like life insurance, annuity products are good as insurance products, but not good as investments. Keep investments and insurance separate. Just my 2 cents.

Thx! This was so helpful. How do you find out the lowest death benefit the IRS will allow?

Thx! This was so helpful. How do you find out the lowest death benefit the IRS will allow?

Thx! This was so helpful. How do you find out the lowest death benefit the IRS will allow?

Nope 5:00

Where on your contacts can find the amount a commission that the advisor is receiving? And whether it is traditional or structured?

If the maximum you can put is 50k How are people putting in millions?? So it’ll take 20 years to put a million in? No

Hi, I have been a licensed agent for many years and I recently discovered your videos and think you do a great job and I have learned several nuggets from you. I am wondering if you have a video specifically teaching an annuity illustration, I like your easy to understand teaching methods.

very interesting

Thank you for your informative video .✌🌵

So no one’s going to tell me what the acronym IUL stands for?

What a fantastic lesson. You sound like a professor. I love this stuff.

SHE DID HER HAIR (and the makeover) .....now she looks like VP's Wife. Too bad the "VP" is Vancy the catwoman-hater :)

If you invest 20k/yr for 21 yrs this would be 897k. Where did you get 523k from?

Can you post credit history comparing National life group iul using the Pacer index vs Securian sp 500

So how are we supposed to know if it’s structured right? Why can’t we go about doing it ourselves ?

Ver educative and informative. Great stuff. Love it.

I will have to listen to this multiple times because my understanding is not good on stuff like this 😢

My mom recently passed and we are stunned to learn she had an annuity. I am just now learning all about them as I want to understand this decision of hers. My question is, is there a reason she wouldn't have been informed of adding a death rider onto the annuity to insure us heirs received the rest of the money? Is there a way I can retroactively figure out how much she put into the annuity?

Can I roll over my 401k to an IUL or annuity if I am under 59 1/2 and still working for the company that set up my 401k?

There is no Death tax Or Inheritance Tax on 401ks, 403bs Or IRAs. It flows directly to the beneficiaries, they are trusts.-beneficiaries get FULL Amount. Yes, there are fees but you get a far better return. Insurance companies are in business to make money, this idea that they charge no fees is misleading. They charge plenty of fees…they just don’t call it a fee, but it is still a fee. If I put $250,000 into an annuity, I sure as heck better get it all back, for if I put $250,000 into a bank account, I get it all back and surprise! It’s guaranteed, I withdraw as needed regular monthly payment. Withdraw on any schedule as needed. I guarantee it all myself without having an insurance company telling me I have to buy a death benefit if I die too soon. So, my point, be very careful and kick the tires.

Awesome video! Can you start an IUL at age 57 if you want to retire at age 62? Can you do very large contributions ($100k/yr) for 5 years and start taking loans at age 62? Thanks for your help!

The only pro of an IUL is it’s easy to spell. Do not buy these garbage products.

What’s the downside of IULs? I see people saying they are bad

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!

Interesting. Can foreigners not resident in America buy IUL?

Love the information thanks

Selling Life Insurance is an easy path to riches for someone escaping working at Walmart and looking for a quick buck. The commissions are outrageous ! That is your money padding their pockets... If you deposit $ 100K in an annuity today, --1 month later, if you cash out of policy, there is a significant chunk of cash gone out in commissions. That chunk of cash, quietly found its way into the salesman's pocket as commission. BEWARE: -- insurance salesmen are schooled on how to avoid & telling you how much disappears in commissions & company profits at time of signing. ALTERNATIVE : Protect your loved ones with Fixed Term Insurance & invest in No Load mutual funds. Commissions on Term Life Insurance are so low that salesman don't bother selling it; you can buy it on line. Be honest and kind to everyone.

Selling Life Insurance is an easy path to riches for someone escaping working at Walmart and looking for a quick buck. The commissions are outrageous ! That is your money padding their pockets... If you deposit $ 100K in an annuity today, --1 month later, if you cash out of policy, there is a significant chunk of cash gone out in commissions. That chunk of cash, quietly found its way into the salesman's pocket as commission. BEWARE: -- insurance salesmen are schooled on how to avoid & telling you how much disappears in commissions & company profits at time of signing. ALTERNATIVE : Protect your loved ones with Fixed Term Insurance & invest in No Load mutual funds. Commissions on Term Life Insurance are so low that salesman don't bother selling it; you can buy it on line. Be honest and kind to everyone.

Can you invest one lump sum for 10 years? 12,000 a year for 10 years (120000). Basically set it and forget it.

Even with zero percent floor, how do you protect yourself from the insurance company going bankrupt?

But if I want $1.5m death benefit .. because it’s nearly half a million more than the $1m death benefit… why is that criminal of my life insurance agent to do? Some people aren’t worried about building cash value because that’s being “hopeful” you keep living. Some of us are pessimists and are more are concerned about the financial impacts of dying.

❤

Love the way you explain this topic, could you help me getting am IUL.