Evaluating Chris Kirkpatrick's '6 Lies to Sell IUL' Video

I've had many disagreements with Chris Kirkpatrick over the years until recently. Chris released a video where he covers 6 lies people say to sell IUL. Let's look at all 6 of his points and add to it.

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[jeffreykamke]

Still waiting for the 2 of you to sit down and discuss life insurance. Chris is very polarizing on purpose about IUL, but you both are incredible and have helped me and many agents and advisors become better and serve more people. Thanks for this video David!

[frankrothizu]

We would appreciate a discussion with these 2 men and America's Max Funded IUL Expert Doug Andrew - a discussion, not a debate, would help [all of us considering a MAX Funded IUL, thank you for your consideration of this recommendation.

[charlesstewart]

I just bought a car with my first small IUL taken out in 2013. It works. Chris hates IUL and never talks about the positives and flexibility. And then you have "mainstream advisors" gambling with all of clients money, .running straight high rate return illustrations with no losses.

[tommymodec]

This is one of my favorite videos you have put out yet!

I especially appreciate your points on the capped versus uncapped indexes. It still amazes me how agents believe it is possible to (in the long-run) have uncapped upside potential and downside protection. Totally bewildering.

[charlesstewart]

Yes and no, but sometimes I definitely think you underestimate IUL. The flexibility is not really talked about and then you have "advisors" showing ridiculous illustrations on mutual funds, etc. with no losses, no chat on actual vs average returns. I had a client call with a Northwestern Mutual guy running a 13% VUL no losses. Those guys and the Primerica clowns are the real unethical people

[rukiddingmeNJ]

I love watching these videos. So tired of other videos of guys saying one product is better than another without getting into detail as to how to apply it to an individual’s wants and needs.

[ServiceDunn]

Curious why not go live on a podcast and discuss face to face?

[SusanPascal-zw]

I'm not understanding somethings, new to insurance. I knew that "zero is the hero" when the market has a down turn so your not making a floor % at that time, but if your using Indexing option that aren't really "in the market" I'm not sure what you mean by the downturns?

[Linda_Kirkpatrick]

Hey, I have an idea, instead of ignoring his requests to talk over a LIVE, face him in person instead of hiding behind a screen😊😁😋

[laura-bethchristensen]

Guaranteed Zero Percent loan? Which companies?

[thetokenblackguy]

Yeah all he does is bash IULs. Im glad that you dont. I listen to your videos more than him

[mickaelsimonet]

Great video as always!
My question is for lie number 4.
I understand that taking a participating loan every year can be risky.
But can you supplement your retirement every year by doing a 0 wash loan?
Or only using the IUL after a down market?

Thank you 🙏

[noahyork]

That nationwide product is also specific to one well known MLM company, so it should surprise nobody that the agent using the illustration is probably not as trained as they should be

[Tjmont]

Dave would you recommend putting an IUL on your kid when they are born? If not what is a potential alternative and why?

[emsantiago]

There are companies now that offer a guaranteed lifetime withdrawal (income) rider in their life policies.

[Gabosagaz]

This IUL policy that Kris uses in this example is not max funded nor well structured policy. You can clearly see it based on the lack of cash value in year one compared to the premium. I love IULs and also getting into WL as well. I think both works if used accordingly and based on user risk tolerance

[jbjab]

Chris Kirkpatrick has an agenda and is working an angle. He wants to push whole life so he can get bigger commissions from his target market. If you structure an IUL correctly you will get much less in commission than with a whole life policy. Many of the wealthiest families in America have massive amounts in IUL policies. These are the most sophisticated investor in the country. If IUL was a bad planning strategy they would not put their money in it. That Chris guy is very sneaky in my opinion.