Whole Life Insurance or IUL? What's The Difference? | IBC Global, Inc

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DISCLAIMER:
All advice and/or opinions expressed in our videos are the result of our experience in the insurance and financial industries. Any action taken based on the information expressed in our videos is the sole responsibility of the viewer. All content produced by Steve Parisi and IBC Global Inc is made for informational purposes only.

#Finance #WholeLife #Insurance #IUL

[timothythompson]

Great video. The problem with IUL is that I if the person lives unto their 70s and 80s the internal term insurance eats up all the cash value and the policy implodes. I know a guy who works for Coventry Direct. They pay cash for life policies that people don't want anymore. He told me all the people trying to get rid of their policies have IUL!!

[tommybarnhart]

IULs are being touted all over the place (must be some $$ commissions) … and yet most agents have zero idea how they work! Great video!

[rogerdsmith]

Thank you for these videos. You are doing a service to the entire insurance industry.

[stephensampson]

Keep going with these comparisons! It seems no one else wants to compare their product to another product. I like the fact your actuary discusses freely the differences of the products they offer.

[rageorge]

Awesome video Steve, thank you for highlighting some of the differences between the two and making us aware of both pros and cons.
Once again you do have the heart of a teacher.
Cheers

[AskArianne]

Thanks for going in depth on the pros and cons. Always wondered about IUL. Thanks for the content!

[FinancialSelfReliance]

Thank you... I have sold VUL in the past and switched to IUL as a flagship for a few years. Haven't really done a lot of life business in the last 5 years as I have built my health insurance business, looking to get back into the life business, and this infinite banking strategy is one I am really interested in learning more about, and was wondering about WL vs IUL, thank you.

[beekaye]

Steve, I am loving your content, I wish more knowledge folk would produce videos like this. Great Job

[marvinhubbert]

Once again this guy said he didn't work with IUL so that tells you that he doesn't know how to structure and IUL so that it works best for the client and IUL is the best that on the planet for saving in a tax-free environment they can give you long term care, leave a legacy fun for your children and give you a tax-free retirement.

[rsasllc-houseflipping]

IUL's are terrible. Just get a whole life policy and a Roth IRA for stocks.

[bluecollarbullionballer]

If you do an1035 exchange does your surrender time Starr over in the new policy or acts as the original policy?Are the fees based on value of the policy or is it a flat fee?

[Seccheus]

You left out a lot of info about the IULs!