How Indexed Universal Life Insurance Works In 2023

Indexed Universal Life is one of the most commonly sold financial products on social media platforms. Sales pitches and use cases are full of half truths. In this video, I will cover EXACTLY how IUL works, where the risks are, and answer all questions regarding if IUL is right for you.

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VALUABLE CONTENT TO CONTINUE THE EDUCATIONAL JOURNEY:

How To Properly Structure A Whole Life Policy

Indexed Universal Life vs Whole Life - Which is Better

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🤔 ABOUT LIFE180 😃
Chris Kirkpatrick launched LIFE180 as a solution to a problem. As the director of business development for a Fortune 1000 life insurance / broker dealer, he became disenchanted with the financial industry because of the lack of education provided to clients and how "financial advisors" were really just glorified sales people.

So... LIFE180 was launched to help give relevant financial education for people to create wealth. Along the journey, LIFE180 has evolved. Chris quickly realized he was passionate about not just helping entrepreneurs on how to leverage their money, but how to build their businesses.

Over the past 5 years, Chris has spent thousands of hours mastering the art of online business development for himself and clients. In 2020, LIFE180 morphed into a full service online business launch and development agency. If you need any help creating more revenue or generating more leads online, LIFE180 can help.

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*All content in this video is for educational purposes only and is not to be interpreted as personal financial advice.

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[josephbigornia]

Hi Chris thanks for trying to make this stuff more clear for both clients and agents.

[Htownrebb]

I’m in the whole life bandwagon right now, but getting to that point I had to constantly fight against people trying to compare the worst designed whole life policy compared to an investment in the S&P… I kept having to tell them to compare apples to apples - compare the best designed, high early cash value whole life policy compared to a savings account (not an investment account). You can’t compare a savings account vehicle to an investment vehicle - they are not the same and it’s a dishonest comparison.

With that said, I feel you’re falling into this trap by comparing the “typical” IUL policy (like the typical whole life policy - which is garbage for cash value) to the gold standard, perfectly designed whole life policy. Compare apples to apples. Show me the best way you could possible design an IUL (not assuming the best rates of return - but design) vs the best designed whole life product and let the chips fall where they may. You can (and should) point out the risks (poor market returns - low dividends). If the risks are higher with IULs, then people can make a truly educated decision. But don’t stoop to their level by comparing poorly designed products to an optimized product.

Keep up the good work! Love the content! Also, get some rest and recover!

[BrahiamLinares]

Great video! Hope you are doing good in DR! I live in PR and NJ. So I know how it feels being in paradise!

[staceyparnum]

what about chronic illness or LTC? IS it good to count on for that kind of coverage, if you don't use it for income, but just keep any cash value so you can use it for chronic illness?

[Seccheus]

Show IUL policy examples of your claims!

[danbarrett]

What about the loses incurred during the GFC & what it takes to get back to even? A 50% loss takes 100% to get back to even. NO ONE in a retirement acct is Indexed to S&P 500 or Nasdaq only. Most Americans took 5-8 yrs to get back to even after 2008 crash. Even is not a performance number to gain returns. Also now inflation has been 40 yr highs so how does a normal retirement account offset inflation? IT can't unless someone has a managed account that is actively selling & buying instead of static 60/40 portfolio?

[abeard]

I know David, and Patrick Kelly and Doug Andrews
Becoming your own banker by Nelson Nash.

You Keep talking I will keep learning.

[chrisdavies]

Chris K: "You'll have to excuse me... I have low energy levels and have been sick..." Proceeds to talk for an hour and a half with more energy than I have on my best days. Baller.

[Seccheus]

What about the IULs that have performed as illustrated or better?

[lienbaetge]

Hi Chris, I am wondering if I could contact you regarding my policy?

[georgeessres]

So who do you recommend a new agent works for?

[ismaelvera]

I always talk about whole life to me is one of the best life insurance that exist !!

[tadrod]

the WFG is actively selling that product aggressively in our area, are you familiar with that company?

[sunset]

David McKnight? "Who the fook is that guy" -Conor McGregor 🤣🤣🤣🤣

[abrahamruiz]

What policy would be best for someone who is young and wants to accumulate and fund a policy so it can grow as much as possible to make loans out against it tax free and put that money into real estate but at the same time keeping the cost of insurance and all fees level throughout the policy

[hugh]

Sounds like the business to be involved in is selling S&P 500 Call option spreads. Put your cash into a high quality mutual whole life policy (Penn Mutual, Northwestern, etc.) then take loans against your policy to fund selling highly over priced S&P 500 using Call option spreads.

[Sullenhearts]

Who are IUL'S ideal for and what ages?

[Seccheus]

NLG has improved over the last few years with lower cost of insurance and higer par rates....etc.

[jameswilliams]

Great information. What is the difference between IUL and a IVUL index-linked variable universal life (FlexGuard Life) policy?

[w.h.]

Hi!,
Is there such things is a fixed I.U.L.?
Love the education and content thank you for spreading this information.