DEBUNKING Chris Kirkpatrick on Indexed Universal Life Insurance

Chris Kirkpatrick has been telling a lot of tall tales about Indexed Universal Life insurance. I'm going to debunk his claims one-by-one. I recently saw an interview of him discussing life insurance and couldn't believe what I was hearing.

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[LMC]

Any plans to debate Chris Kirkpatrick about IUL?

[hanselbermudez]

The problem with IUL is the flexibility it has. Agents and clients can get in trouble by not properly funding the contract.

[rickancil]

You have to be skeptical of anyone who systematically tries to make themselves look good by making others look bad. That is Chris Kirkpatrick. One question that I have for Chris is why he chooses to cite Dave Ramsey when it's convenient for him to emphasize his points in one video and flat-out calls him a liar in others. He calls him a liar directly in the title of some of these. Which is it, Chris?

[LIFE]

This is very interesting. I like how out of all 80 videos I've done on how IUL works you focus on pretty much the only 3 points that were based on my opinion and breakdown of IUL based on conversations with Actuaries. There are so many holes in this video. This will be fun.

PS, Dave, anytime you want to do a live debate on whole life VS IUL, I am game. Name the time and place. I'll fly to you and we can do it.

[jmory]

Best part of the youtube algorithm is when I look at the content pro IUL; then on my dashboard I get the cons of IUL. Thanks YouTube A.I., I am more confused than ever. 😅 But seriously I like the information for each prospectives.

[ceebecks]

Great video! I agree with you, it’s all about what is right for the client. Too many people pick a product and spread propaganda on the other product without knowing and understanding the facts. Their mind is made up before getting to learn the other product.

[daveman]

Hi David, great video. I need more info on both iuL and whole life debate him live so the truth will come out.

[kriskris]

Love the video..what are your favorite IUL companies?

[bichhang]

Please help us understand more. This kirkpatrick guy make me confused now

[Military-Money-Mistakes]

He (and his friends) are very theatrical when they discuss why they think IUL is "dangerous". I actually heard a guy on one of his videos go so far as to say that he stopped selling IULs because he was afraid of his clients committing suicide. 🤦‍♂

[robertiola]

Thanks for this Dave. When I was a kid, my Mom told me "just because you read it in the paper doesn't mean it's true", then it applied to TV, and now the internet. I've never heard of this guy before your video, but having been in financial services for 33 years now I've lived through the "facts" that he is claiming are true and in my experience they are nonsense. I have many clients who are retired now and enjoying the tax free cash flow from their policies and this wouldn't have happened if this guy was even remotely correct. Moving on.

[StrategicWealthStrategies]

Great commentary as always see you in Nashville inFebruary

[joanndeocampo]

wow! thank you Patrick for this video.

[glutemaster]

What is a good Ins Company that offers the most indexing options?

[umehta]

Excellent video, as a new Agent in the business. Knowing the truth is the most thing !

[michaelolson]

David I always learn something new when I watch your videos. You are one of my top mentors.

[todd]

David, are the average annual crediting rates referenced in the video gross rates or net of the fees? Thanks

[victoradvice]

This guy is bad news. I've commented on his videos in the past. Don't forget that WL companies offered dividends close to 10% in the 90s. Those dividend rates were cut 50% the last 20 years and have just now started increasing. So there isn't one WL company that has performed per their illustration over that peroid. Not one. And now they don't even offer 4% guarantees. I sell both. Just depends on the client. With IUL you have the opportunity to get double digit returns several times over 20 years. With WL, you're stuck with whatever the dividend rate is, no matter how hot the market. And wit IUL you know exactly what the costs are. WL companies don't show that so you never know. If structured properly the IUL can work very well long term.

[JoelPastor]

Thank you David! I came across one of his videos awhile back and a bunch of red flags lol

[Paka]

Average rates of return can be very misleading. I like to see actual rates of returns when comparing policies. What type of policy would you recommend to a individual who want to start a LIRP at age 25 vs a person at age 50 ? Thanks!