6 Lies Agents Use To Sell Indexed Universal Life Insurance in 2024

Over the years, IUL has evolved. So have the lies that life insurance agents are using to sell indexed universal life insurance. In this 2024 version of the lies agents use to sell IUL, Chris Kirkpatrick goes into more detail on why you should use extreme caution before purchasing an IUL.

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📖 Chapter Timestamps Here ⏰
0:00 Intro to the 6 lies life insurance agents use to sell Indexed Universal Life Insurance in 2024
0:40 The Evolution of Indexed Universal Life Insurance Lies
2:50 IUL Lie 1 - Illustrated Rates Are Conservative for Indexed Universal Life Insurance
14:10 How IUL's Participate In The Index And Provide Upside Potential
20:32 IUL Lie 2 - No Cap Indexes Will Provide Better Long Term Growth
26:25 IUL Lie 3 - The Tactic of Selling Indexed Universal Life Using Excel Calculators
31:20 IUL Lie 4 - Indexed Universal Life Will Provide Guaranteed Tax Free Income
41:15 IUL Lie 5 - IUL Is Better Than Whole Life Insurance For Real Estate Investing
47:15 IUL Lie 6 - IUL Is Better Than Whole Life Insurance For Infinite Banking

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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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[LIFE]

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[Bryantgirl]

so if I do options myself in my Roth, this is basically the same thing (minus the potential to lose money; however there are also no fees and no cap rate)

[DEOSR]

I'll be honest with you I watched your video to see if what I'm doing is hurting people but everytime I've designed an IUL I really spend hours on them because there are so many factors. At the end of the day an agent can just make a sale but thats not right companies need to do a better job hiring to make sure the people that are representing them arent scumbags.

[mrgreen]

Really informative video and thanks. I was under the impression of IUL being the coolest thing since Kool aid. Question can you rank in order of best value: Whole, Universal and Index universal. Lastly, would it be wise to assume IUL is trash overall or IUL can be good base on how you structure it? Thanks

[danbarrett]

What about what the gains need to be vs. loss to get back to even? A 50% loss takse a 100% gain to get back to even. Post 2008 crash it took most Americans 5-8yrs to get back to even in a typical 401k plan. A friend lost $750, 000 of a $1.5Million NYS Pension and never got it back to even by 2020.

[STOPPROCASTINATING]

Hey man! Thanks for the video. I’ve been an agent for about 6 months and just started getting into whole life/iul policies. I’m still on the fence about iul and whole life. I know people who have both. It’s hard to figure out the best route to go just because there’s so many people on each side saying they’re right.

[frankrothizu]

It would be very helpful to all of your subscribers & viewers to have Doug Andrew on your show for a discussion, not a debate nor argument but a simple discussion so we can see 2 experts with differing opinions on the IUL, please consider this request, thank you.

[jolliepersona]

So you sell whole life only I can say that right?

[danbarrett]

With the current market crash conditions & will be 50-65% for the NASDAQ what would "preserve" wealth the best? 401k? IRA? Banks Savings Acct? Bitcoin? If IUL is a portion of total money what would be a healthy proportion?

[TheHouseofRogues]

I appreciate your info so much. Thank you for this. IUL is a deadly tool to wield against middle class

[rukiddingmeNJ]

I also must say I do like how you get into the weeds and explain a lot for the layman.

[hanswhite]

Chris what are your thoughts on Bitcoin denominated Whole Life Insurance? I'm not sure if you have researched into this at all? Do you think the major mutual life insurance companies would ever adopt such a concept? Thanks!

[tyronbooker]

Great video because I’m new at learning about a iul

[clande]

Great info !!! They never teach anyone about this info so thank you !

[daviddavis]

Do IULs ever invest in Put options instead of Call options?

[eaalliancegroup]

Why do insurance companies sell it then ?

[Seccheus]

All depends on the index and the carrier.

[sailingonasummerbreeze]

If we bought an IUL - and stopped paying the premium - what happens? Do you lose your principle along with the life insurance portion? Just trying to understand if you have to pay into an IUL until you Die, or lose it all?

[darkwave]

This guy is an IUL hater. You’re telling me you don’t want a 10% compounding return on the $5000+ that you put into this? You’d rather have it sit in your bank at a 0.01% RoR? Or put it in the stock market when 95% of people have no idea how to invest properly? Come on dude.

[rukiddingmeNJ]

I didn’t even get through “lie” 1 and found that your content doesn’t hold water. Dude, your videos are popping up on my feed now and I just had to watch. You must deal with almost ALL life agents only and you don’t know what you don’t know. You don’t HAVE to bash IUL to sell WL. Why?