Why Put Money Into An IUL (INDEXED UNIVERSAL LIFE INSURANCE)

[richardnopedji]

It's always gospel when they preach to sign you up. Once you are in, the agents don't care. All they care about is their commissions.

[choosey]

This is why the rich stay rich and the poor stay poor. IUL is the only way to go🤑🤑🤑

[TraderMigs]

I love reading the comments from all of the unlicensed wannabe agents and the licensed agents with little to no knowledge about IUL's 😂😂😂

[kwakuagyeman]

Why didn't he tell you about the fees for the IUL management?

[jonathanbaker]

How are the fees??? INVEST IN INDEX FUNDS, NOT IUL

[godismygeneral]

What do you mean “that way you can creat extra income on your retirement which you can’t don with a 401k or IRA”?

[JuicyRussianMartini]

isnt there a cap on gains as well as being insulated from market fluctuations, crash, etc?

[Jimmy]

You don't lose money from a market crash. That is correct but you forgot to mention ☝️ you do lose money from all the fees. With insurance there's always a give and take. You can't get anything for free like no downside and all upside.

[acarpentersson]

It took me about 30 minutes to find out the very lucrative benefits of IULS belongs to the insurance company and agents. Whatever gains you think you are getting is taken by the company by charging you fees.

[Erick-vgvy]

Started investing money into it $250 a month, im just 20!

[rimmyreddy]

If it follows the index, how do u not lose money on a down turn?

[montserrathhernandez]

Omg omg how is it that a everyone who buys these policies for the past 30 years have …..0 success stories on YouTube ? 😝😝😝they are so amazing
IRS treatment because you don’t pay taxes on loans … so lending your own money to have to pay back with interest is the smartest idea ever wonder why car insurance doesn’t come with investments feature ? Wha or health or even homeowners 😂😂😂😂😂 these are the best financial advices anyone can give just trust all your money for your retirement and kids future to an insurance company because they will never lose and your financial future is in their BEST interest 🤣🤣🤣🤣

[mnqqpxx]

IULs aren’t for poor people😂😂 the advantages are more benefiting if you’re willing to spend money. Like everything in life, you have to spend money to make money. If you don’t have it then just get that 401k from your job and be happy lol

[Styledbybay]

How much money do you need to have invested in your policy before you can take a loan out?

[Karmasree]

So true . I got one . To most ppl who comment about commissions, I think the agents deserve it . They get paid once . You continue to pay for 40yrs . When you gst your CSV, the agent doesn’t come to share a split😅. You put an average of 100k and get back the double, you wouldn’t blame the agent then . Follow thru with your investments . Read before you sign, do you research too if you are interested in buying . You blindly need to stop blaming the complete industry.
P.s I m a supply chain manager not an agent 😅

[JordanRobertKirk]

What is the benefit of IUL vs whole life?

[davidssling]

If y’all ever get an IUL, talk to a financial advisor after you get it before the end of the 31 day free look period.

If the agent takes home a big commission after they wrote it for your family, they screwed you over.

[albybounlutay]

Ok, so correct me if I'm wrong.

You said we can't make gains on a 401k, but that is untrue because you can make gains (but you can also lose money if the market drops).

The participation rate for IUL is never 100%. So even though an index has gained 6%, you're more likely getting 2-3% on the cash value.

$20, 000 in 401k vs a $500, 000 IUL to your death benefits? But what if someone has $500, 000 in their 401k. Then it would be equal.

[StealToeMac]

Looks like someone punched you in the nose for telling them this lie 😂 😂 😂 😭😭😭

[ianvogelmedia]

With the floor there’s no risk to market loss in a down year, BUT the real danger is using IUL for income in retirement….

In years where the market is up the interest on policy loans is covered by the returns associated with the index. No big deal.

In years where the market is down the interest owed for the policy loans comes out of your cash value because there is a zero return. If you’ve been taking policy loans out for several years and have a significant loan balance the interest owed is going to crush your cash value. Especially if there are multiple negative years in a row.

Illustrations don’t show that scenario. Policy loans for continuous income in retirement are more then likely going to end in a disaster for the policy holder.

Be ware.