What Types Of Life Insurance Policies Are The Best?

With the vast number of insurance options available today, choosing which policies will work best for your goals can be challenging. In this episode, I'm going to address the question, "What types of life insurance policies are best?" If you want to know how you can accumulate, access, and transfer your money tax-free, stay tuned until the end of the video.

To your abundance!
Doug Andrew

Key Moments In This Episode
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00:57 The biggest problem with buy-term-and-invest-the-difference
02:59 Accessing your money tax-free
04:32 Permanent insurance
06:59 Universal life
08:39 Three types of universal life
10:14 Why indexed is my favorite
12:38 Rebalancing
13:50 The LASER fund

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How to Diversify and Create the Foundation for a Tax-Free Retirement

How to Lead Your Family/Business from “ME” to “WE”

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Music
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Song: LiQWYD - Glow (Vlog No Copyright Music)
Music provided by Vlog No Copyright Music

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Video by Nate Woodbury

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[janetlynch]

You explain things very clearly. Thanks!

[EarthtonesCymbals]

Thank you. Excellent content. Best wishes.

[InnovativeLegacies]

Doug is doing the public a great service by educating the public on the very foundations of a sound financial plan. Yes, the insurance industry has great political power and they make money. Who would want insurance from a company that doesn't make money? The tax laws for which that the industry lobbies benefit the educated consumer in a huge way. Too bad more people don't understand. The term "financial advisor" is a misnomer since the overwhelming majority focus on investments with little understanding of how to include tax-advantaged life insurance in the mix.

[aracelitalks]

Wow! You definitely have a gift for teaching! 🙏 thank you

[jamestrawick]

I'm in the process of reading the The Laser Fund. It has opened my eyes to an alternative way of funding retirement, instead of the usual financial vehicles available.
I wish I had discovered this sooner.

[stefinaweasley]

Thanks for all the detailed information you have provided in this video. I like your way of explaining every point. Keep sharing such great videos in the future also.

[CristinaMartinez-wlpz]

Doug, thank you for being so concise with the information you provide. How can I get more information on The Laser Fund book and any workshops you may have for professionals in the industry looking to specialize in IUL’s?

[CarlosFlores-zpwc]

Doug, thank you so much for the education. I want to become an expert on IUL just like you!

[kendrickmcfarland]

The music at the end sounds like cobra starship-you make me feel. Love it

[genolucero]

If someone new to having an IUL starts with a modest policy, is it a good idea to get an extra term policy to help to increase coverage until more can be saved in the IUL to make it most valuable?

[forgiveandmoveon]

Good advice Mr. Andrews. I spoke with a IUL agent today and he advised me not to start a IUL policy unless its solely for death benefits. This didn't appear to be correct. And I notice he sent a illustration without me giving him any details of what I wanted. So I think he is more commission driven and something about him didn't feel right when I was observing him on ring central.

[VIPCoachDietrich]

What is the difference between universal life index fund apposed to global index or S&P rollover ?

[michaelcurry]

Doug how do you know if the agent is structuring your IUL and funding it properly?

[jdcolo]

Ok, I thought there were only two (2) kinds of ins. Term & Whole Life. Now, I understand it’s Universal Life that’s the real winner here if you can find someone who understands and can structure it correctly for you.

[melguarin]

This man should have his own book on Audible!!!! Respect ✊!!!!

[oktainsv]

Hi, what do you think of Industrial Alliance Genesis Universal Life, with critical illness hybrid?

[Pitchman]

Which company and products were you showing examples from. I’m a big believer in your concepts. Thank you!

[HavocDH]

Doug, I just have one question that I can’t figure out myself.
Where do we find a whole life insurance policy? I want to go and walk in somewhere and sit down and go over with someone so I can start one because I’ll be an investor by the end of 2022.
I live in Chicago land Area.

[Chuong]

Hello!! You are awesome! I am looking to work with a company to execute the max funded index insurance. Which company do you prefer to allow Liquidity and charge a loan and still allow your overall cash value contribution to compound instead of surrender cash value?

Is there a way I can contact you?

Thank you

[inhsactoca]

Hello Andrew, can you help to tell me what mean "a sacred cow"? tks Andrew.