Any form of whole life insurance is a SCAM! MPI, IUL, Infinite Banking

Whole life insurance or any bastardization of it is a scam. Watch out for fake gurus on social media looking for a big fat commission.

[Damonjohntalks]

I lost 30k in the market in the past 2 years.... I borrowed money from my life insurance... everything is just a tool...

[littled]

This is because your policy was not structured correctly nor funded properly for Min Death Benefit/Max Cash Accumulation Value. In a proper design only 10% or less of the Premium should be going towards Cost of Insurance and fees. 90% or more of your Premium should be going towards Cash Accumulation. The client should also be funding to Non-MEC Limit as well and your missing out on 3 times the interest on savings by not utilizing arbitrage to earn a interest spread by utilizes the clients expenses as well to earn income. I’m sorry to hear you almost got screwed over with your policy but this was just either an ignorant agent or a greedy/selfish one.

[discipuloever]

You are correct in 1 thing. Life Insurance is not an Investment. 1 thing you are 100% Incorrect. Calling Life Insurance a Scam is Blatantly a Lie or pure ignorance. Permanent Insurance is all about DESIGN. What you mention is a policy not sold for Growth. If you make a comment like that and you are a serious channel you HAVE TO mention the product, the carrier and the design of the policy. Otherwise your comment is irresponsible.

[YanVostrikovRE]

Anyone who makes a decision just based off of this 30 sec video is a fool. Do your research, that’s all I’m going to say.

[vevomemo]

Jesus everyone seem to be everywhere. It’s good, it’s bad..

[edwardmaritime]

Why do the banks have all their money in a IUL?, Bank of America 8 billion, Wells Fargo 20+ billion. I’m confused at this point. Lol

[spencerberry]

This dude made a video about a video about a video about a policy. It’s like telephone the game we use to play as a kid. 😂 childish man I’m sorry for everyone who watched this and kept there 401ks that are down like 40% this year, to bad you didn’t have an IUL that doesn’t participate in the down turn of the market and will to participate up to 8% which is about average on what that excel sheet said for indexed fund. So my clients only made 1% this year your 401k client lost 40% which now if you’ll do the math that’s somewhere in the 70%+ range that their account now has to increase to go back to where my client’s IUL is at. (Being generous with the 70% I think it’s closer to 85%)

[C_Energy]

I appreciate you for disclosing the part regarding the fees. Now what Dave Ramsey said makes sense...

[Bryan-omwq]

Sounds to me like an improperly structured policy, it’s not going to build very good cash value when it’s not made to do so. If you’re going to make a comparison, please do so with a properly funded and structured policy.

That policy should be set up as an Option B (increasing) death benefit until the year it’s stopped funded, then should be swapped back to option A (level) death benefit. Also want to make sure the guideline level/annual premium is equivalent to the premiums being paid. For example if your premium was $200/mo you’d want to make sure the guideline level/annual was $2400. If it’s per se $4800 then we know that policy is only running at 50% efficiency… which I agree is a trash value policy, I’ve audited over 250 policies and it’s very important to make sure the policy is written in the CLIENTS favor, and not the AGENTS.

If you’d like to have a FAIR comparison, I’d love to hop on a LIVE recorded call with you, or your so called expert as to make sure we are getting fair knowledge distributed instead of half misrepresentation.

[demonicspartin]

I have a policy and let me tell you this there is a pay off point so I will only be paying into mine until the pay off and then I make money off my money

[willdag]

I have been a life insurance agent for 16 years and I have always only recommended term insurance. I have broken down and analyzed tons of IUL’s and none of them are “structured” properly! I hear all of these IUL agents saying that no more than 10% of the premium should go to fees and the rest should be going into the cash value. If that’s the case, why in the world aren’t people “structuring” the policies correctly. Can someone please show me an actual policy that’s “structured” correctly?? Never seen a policy that “maximizes” the amount going into the cash value.

[maxpruger]

IUL literally stands for Indexed Universal Life. That's not even a whole life product. It's like me creating a video called, Any form of stock investing is a SCAM! Blue Chip, Treasuries, Dollar Cost Averaging. - makes no sense if you understand even the basics of what you're talking about.

This video should be titled, "Uninformed internet financial guru makes video ranting about uninformed internet financial gurus!"

[justincoffman]

Becoming Your Own Banker by Nelson Nash! I'm guessing you listen to Dave Ramsey and financial advisors instead of doing your homework!

[maxwell-cole]

Exactly. 💯. Great video. We need more people in the space talking about these infinite banker scams. Everything marketed as whole life, which is trash value. And, the most important, red tape, and small print, that they keep your “cash value” if you die and charge you interest on your own money, which is absolutely ridiculous.

[connectingamericafinancials]

Policies are able to structure in different ways. It’s all based on what the client is looking to do. If the clients has night liabilities or want to use it for asset protection, they’ll need a high death benefits. If the client wants to use it as a true infinite banking account, they must request the least amount of death benefits the insurance company will allow.
The only thing you are right about is that it is. It an investment.
To answer you question. The fees are higher at the beginning of the policy and overtime the compound interest will out perform the policy fees (if structured correctly) 😉

[dbladeford]

😂😂😂😂😂😂😂 The finance guru shared information that was already public, but made the mistake of allowing an unskilled life insurance agent to sell him a poorly-designed policy. He then used this negative experience as the basis for speaking falsely and negatively about all IULs. I question just how literate or well versed he is in investment analysis.

[maxpruger]

You don't even understand what you're complaining about. IUL is a type of life insurance. MPI is a term one guy created to leverage and stack IUL policies. Infinite Banking is the concept of taking over the Banking function in your life. You can do that with anything (CD, HELOC, Credit Cards, etc) with the preferred method using a properly structured whole life policy. There is no such thing as Infinite Banking insurance. And no, I don't sell insurance but I can spot someone who is woefully ignorant about the topic.

[dhking]

What grows is your cash value. Your premium is for the maintenance of the account just like you pay for your car. Anything you pay over that goes to cash value.

However Index Universal Life grows you’re cash value by allowing you to have caps and floors. You are limited in your upside but protected from market downfalls so YOU’ll NEVER LOOSE WHAT YOU PUT IN.

Life insurance isn’t meant to replace your retirement accounts it’s meant to compliment them.

[DaveDoesRealty]

I used my IUL to purchase my real estate investments. Do your research before getting anything. It’s not for everyone however when used correctly it actually benefits you.

[WatersAdisors]

When someone wholesale trashes a financial tool, look at what they sell or push. That will show you the reason behind the piss and vinegar.

I can make any kind of savings or investment vehicle look like crap or gold based off of how I spin it.

Almost all types of savings or investment tools have their place when used properly and in balance with other tools. Diversification is not just a good idea in stocks. It’s a good idea on all saving and growth strategies.

Do your research and be wary of blanketing advice like this. It’s a foolish way to look at the world. Also, pointing out bad actors in a particular industry is illogical and disingenuous. This dishonest approach should throw a red flag anytime someone starts to use it. Guilt by association is just as bad as appeal to authority. There are bad actors in every industry. That is why these industries are heavily regulated. Bad actors are moths and money is light.

Simply put. Risk gives you more potential for growth, insurance gives you more potential for safety. Utilizing both tools along with others you can maximize your gains and minimize your losses.

Avoid the hype of these “gurus” who use polarizing language to get clicks, but have no real value to add to your personal financial situation.

God Bless.