IUL Scams and Lies Exposed (The Truth about Indexed Universal Life)

In this video I will be debunking a Primerica Agent's Claims on Indexed Universal Life Insurance!

I dive deep into the misconceptions surrounding IUL policies propagated by Primerica agents. Learn the truth about these policies and how to navigate the complexities of life insurance for a secure financial future. Don't miss out on this enlightening discussion!

Timestamps
00:00 - Video Backstory
02:18 - The first 5 years NO GROWTH
08:03 - You can ONLY get the death benefit OR the cash value to leave for your family. The company keeps one or the other. Who pays for two things and only gets one?
10:35 - The so-called strongest benefits immediately go away if you’re late one time.
13:58 - The fees eat up all the cash by the end, so it cannot grow as promised. Cap rates suffocate the growth as well.
17:24 - It has never beat the market in 100 years… Ever!
22:18 - There’re 22 million millionaires in the US and 1700 new ones created every day. IULs have not created one of them. You have a better chance of winning the lottery than getting wealthy through IULs.
25:01 - All of their illustrations ignore guaranteed examples. The only thing they have to pay you is what’s in the guarantee column.
29:30 - Over 30 years the average basic Roth beats an IUL in wealth creation, 33X to one.


#generationalwealth #investing #personalfinance

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DISCLAIMER: I am not your financial adviser nor your attorney. These videos are for educational purposes only. None of my content is financial advice, tax advice, or legal advise. You must always speak to a licensed professional to evaluate your specific situation. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments. I get commissions for purchases made through links in my video description box. Thank you for watching!

[edgonzalez]

THIS YOUNG MAN IS THE MAN! No grifting, just facts spitting... like it or not.

[pitchedblack]

I love that you stayed true to doing what you do without the need for a cut throat cat fight...

You simply laid out the facts by teaching...

Sometime the misguided must have the opportunity to save face, learn, and be retaught before coming correct (knowledge drop).

❤❤❤

Sharing this for sure...

[faithandfinancesRT]

The Millionaire Next Door - IUL created wealth

[romanurias]

From my experience Primerica’s overall philosophy is buy term and invest the rest. I am in agreement with you and how everyone’s financial goals differ and not every product fits everyone. I love that you put this video together!

[tse]

Rich in content! you are gifted and very well-articulated. Thanks

[kevinkennedy]

WOW! THANK YOU MY FRIEND FOR THE MASTERCLASS FOR BEGINNERS TO IUL POLICIES. YOU ANSWERED ALL THE QUESTIONS I HAD REGARDING THE GUARENTEES, NON GUARANTEES SECTION AND SO MUCH MORE. I STARTED A IUL TWO YEARS AGO AND IM INCREASING THE PREMIUM SOON. YOUR INFORMATION AND SPOT ON FACTCHECKING IS VERY HELPFUL. ITS THE FIRST TIME I'VE SEEN IT EXPLAINED SO COMPREHENSIVELY. THANKS AGAIN

[The_Raven_]

I have a 30year term for $1m and anfor $3m... term as well...


1 iul the iul outperforms both combined. I have cash value, i can borrow agisnt it. Builds divends.

[BernardGoHard]

This was very informative, going off your previous IUL/gen wealth vids, I’ve went from 20%-40% of understanding. If you offer consultations, I’d appreciate one to look over an IUL plan I’m thinking about purchasing for proper structure based on my needs.

[masonrodriguez]

One new subscriber after this one! I can’t even begin to explain how much I appreciate your videos! I do have a question though… I understand that with an iul I have downside protection if market doesn’t perform and upside potential that’s capped at a certain % but wouldn’t I be better off with my money IN the market vs following the market with an index like the s&p 500? Yes there are some years where the market hasn’t performed but historically over time has averaged 10-12%. Just trying to seek understanding.

Thank you!

[mendelholt]

Very helpful. There is to many folks pushing talking points that can not be flushed out with simple math.

[joshuawoodford]

First video ive seen of yours, you a very articulate and doing a good job sharing information. I was suspicious of a few points you made earlier on. However, I made it 23min before I knew you sell this stuff. Pretty impressive, but it's clear you either don't understand the pit falls or are intentionally skipping them..hard to tell. But sure enough i checked and bam consultations lol

Edit: I understand that for some financially illiterate individuals this can be helpful.

[UrSalesPro]

Really appreciate the ton of information you are providing, keep doing what you doing 👍. Got a question, I have a premature IUL with John Hancock, can I switch IUL agent with another agent or do I have to close the account to do so? 🙏

[jasondurant]

👏🏾👍🏾👏🏾 This is the 3rd video by you that I’ve watched. I want to commend you on you knowledge and the way you articulated your points and showcased your knowledge. You were able to debunk this person’s lack of understanding of how a IUL works without intentionally shaming them. Bottom line if your policy is not properly structured then this person would have a case in the points they are trying to highlight. The biggest reason most proponents of stating IUL’s are a scam fall predominately under two categories; the agent was only concerned about and driven by their commission ( which is true most of the time) hence not putting the client’s needs/objectives first. The other reason is they simply don’t know how to properly design a IUL policy for maximum efficiency. Well done sir‼️👏🏾

[jamiekortanJKWestAgency]

I love that you took on the haters. I love IUL’s. The problem with most people is that they want money to magically appear. You need to set these up for your personal goal and FUND it properly.

[elanguyen]

I’m only 8 minutes in and getting tons of value! I’ve known Jemayne for years and he is the real deal. He truly takes time to understand things and knows how to break it down. And he’s helped many families get peace of mind! Thanks Jemayne for putting this video together.

[danielledonald]

Thank you for this information. I continue to learn from these videos.

[DiDarienzo]

I'd love to talk with you about Primera. I was a Regional Vice President with the company. I absolutely loved the culture and thought I'd be there for life but after a 13 year career with them I learned the truth about the IUL and resigned.

[sodeainc]

Thank you for the debunk and presenting plausible facts.

[wisdomwealthpartners]

I’m a Primerica Rep and would love to do a 1 on 1 meeting.

[Sheryl-erce]

This video is so well put together and clear. You have shared facts that truly informed us.