How to Sniff Out a Poor Indexed Universal Life Design

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If you have seen anything on Indexed Universal Life policies, you know that there are thousands of ways to design one. There are thousands of part-time agents who are selling poorly designed policies, and inevitably leaving their clients the short end of the stick.
So what are some surefire ways to sniff out the bad designs? This video goes through a bad IUL design and how know whether or not your agent is setting you up for success or failure.
By the end of this video, you will be able to quickly translate these seemingly complicated products into two simple categories:
1. Designed for my best interest
2. Not designed for my best interest
Indexed Universal Life insurance can be a great addition to your portfolio for tax efficient cash growth that is not correlated to market losses! However, the devil is in the details!!!
We have dozens of people reach out to us every week sending us policies that were supposedly designed for MAX cash growth, but are nothing short of a rip-off.
These videos will teach you how to sniff out non-fiduciary agents, and know exactly what to look for when it comes to buying Cash Value Life Insurance for income tax free growth and income.
The difference between good and bad policy designs can save you or cost you hundreds of thousands of dollars!
If you are not working with a fiduciary, then there are no rules as to what they can tell you and sell you!
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Опубликовано:

8 дек 2021

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Комментарии : 43

@mitchellglaser 2 года назад

There is a lot of good information in this video, but it's pretty obvious that this policy was designed because the customer expected to receive half a million dollars five years down the road. The agent was clearly trying to deal with that situation, and I'm not at all sure he came up with the best solution. But I can't believe he arbitrarily upped the premiums by 500% just to increase his commission. If I were faced with this problem, I would look into choosing an insurer that would allow a term insurance rider to keep the cost down on the additional detah benifit that customer will need later on.

@CashValueLifeInsuranceReviews 2 года назад

Thanks for watching!

@tracysease8962 2 года назад

Thanks so much Sir. Appreciate your knowledge.

@CashValueLifeInsuranceReviews 2 года назад

Welcome!

@dailstancill720 Год назад

Ok. You are hereby my favorite yt IUL influencer. 👒 off. Now, can you weigh in on MPI Unlimited? Thx for objective review of IBC. 😎

@ammaasare9856 2 месяца назад

Thanks so much for the clarification. Can you help with the clarification on Executive Bonus policy and the entities that can greatly benefit from it. For example is it beneficial for an S-Corp or LLC? Thank you

@patrickm.7084 2 года назад

Hello! I currently have a 7 yr old IUL policy that was made when i was 21 (im 28 now) but ive been paying only the bare minimum premium so it has zero surrender value. It is however a low DB policy (around 200k) and the insurance costs are i assume low because i qualified for an elite level price at 21 yrs old when the policy was made. I was wondering, since now i earn more per year, if I can add more premium to salvage the policy if it is even worth salvaging to generate max non-mec income. I hope for your input thank you so much

@pritpalsinghnarang275 2 года назад

Patrick, you should have max funded that policy from the very beginning allowing for maximum use of your every dollar. Being qualified at the elite rating along with being only 21 allowed you to keep your COI at a bare minimum. Whether you can add more income or not will depend on the cash value test (CVAT or guideline) and it will depend on the face amount now (whether it’s the same or has increased) I’m not part of this RU-vid channel, but thought I’d pitch in and offer my opinion. These guys are doing good at sharing product design. I’m licensed in about 10 states full time, let me know if you want any other questions answered!

@CashValueLifeInsuranceReviews 2 года назад

It is hard to give you an answer based off just that information, but feel free to use this link to book time with us, and we can review your policy for free! leveragedwm.com/iul-review/

@mistydiggs1356 Год назад

Thank you

@michaelbrown5601 2 года назад

What is your opinion about IULs for kids? I got an IUL for my son right after he was born. Just finished paying into it at the beginning of his 6th year.

@CashValueLifeInsuranceReviews 2 года назад

Kid's policies can be a great strategy with the right design. There are suitability rules with juvenile policies that sometimes make it hard to implement exactly what you want, however.

@elisemgreen1 Год назад

I need assistance for sure we have a TRANSAMERICA IUL POLICY. Can we 1035 into another company and still keep the cash value to move to another policy in another company.

@LuisGonzalez-xv4zz 2 года назад

Great information. With your experience, what Life Insurance company allows the most flexibility to design a policy for Cash Value?

@CashValueLifeInsuranceReviews 2 года назад

Hey Luis, there are a good amount of carriers that do a good job generating cash. It depends on lots of personal factors to see which is the best fit. Book a discovery call with us and we can help you in the IUL process! leveragedwm.com/contact-ii/

@jessicaalvarez2314 Год назад

@@CashValueLifeInsuranceReviews I've had an IU will for 11 years it has not made any money I cash value is the same as the amount of the premiums I have been putting in

@sarojthapa4218 2 года назад

If you do illustration using incring and level face amount would be much clear and helpful to understand for me.

@CashValueLifeInsuranceReviews 2 года назад

Thanks for watching! I would suggest watching a few of the other videos we have on our channel. Lots of our videos detail what you are looking for.

@yulycha7799 2 года назад

I have an IUL policy, can you take a look at it please?

@CashValueLifeInsuranceReviews 2 года назад

Yes! Send in your policy to be reviewed here: leveragedwm.com/iul-review

@revealationtruth 2 года назад

The client is still at a loss if the agent doesn't explain clearly what the insurance language means or how it works when they are puchasing the policy. Every profession has terms or language, such as a doctor, but if you don't know what the terms mean and how they are being used, it makes no sense using them while selling or structuring an insurance policy for your client.

@CashValueLifeInsuranceReviews 2 года назад

Agreed! Thanks for watching!

@michaelolson4135 Год назад

What do you mean when you say "Fiduciary"?

@JoeC5050 2 года назад

How to fix a badly designed IUL? If increasing DB policy is too high, does it help to make to level DB?.

@CashValueLifeInsuranceReviews 2 года назад

I would contact your carrier on this. It really depends on a few different factors.

@JoeC5050 2 года назад

@@CashValueLifeInsuranceReviews what are the few general factors?

@Bryan-om3wq Год назад

Idk if this truly a bad policy, I’d have to see the GSP GLP and 7 pay. This to me looks more like the client is wanting to create room in the early years to get perhaps a future lump sum of money in. The fact the break even year is within ten years shows the structure has to be decent. Good information with MOST policies out there, just a bad example in my humble opinion.

@CashValueLifeInsuranceReviews Год назад

Thanks for your comment. We see these examples all the time. The understanding here is that the client simply wants max income with minimum insurance. That's why its a poor design. IF indeed the client specified the need you mentioned above and the agent built it for that, then I'd agree, not a poor example. The problem is, this isn't normally true.

@dsshlyak1978 2 года назад

Hi Mattew, I would like to get the efficient policy for my retirement portfolio, is that something you can help me with, let me know please thank you!

@migglemaggle9500 2 года назад

Sniff? You couldn’t find a better word? Ah, life insurance. Rip-off specialist!!

@CashValueLifeInsuranceReviews 2 года назад

*heart

@gobele1 9 месяцев назад

Actually, all insurance agents have a fiduciary responsibility. What the agent is doing is that he is adding more money to the policy after the fourth year. Why I do not know the customer probably told the insurance agent that she will be coming into money. Who knows. Since the client did not use all the Cumulative endowment limits it has been adding up all the way to the fifth year. As for payment the agent only gets paid the first year and renewals are very small stop saying the agent is trying to make money. If this agent was trying to make money he would be forcing the policy at the beginning of the policy. IUL has a 10-year surrender period and unless you put more than the annual premium it does not have cash value in the first year or two. And the cash value does not match the cash value until the tenth year. The policy was designed fine.

@CashValueLifeInsuranceReviews 8 месяцев назад

Also not all true. Reach out if you want to talk!

@timothythompson4036 2 года назад

The IULis just a bad product. This guy is not mentioning the biggest problem with this product.if you live into your 70s or 80s the internal term insurance inside this IUL will eat up all the cash value, and the policy will lapse. By the way, the fiduciary designation is worthless.

@CashValueLifeInsuranceReviews 2 года назад

On a bad design, I completely agree. I am assuming you have not seen a policy design that is actually built to last. Thanks for watching!

@thomascrossjr569 2 года назад

@@CashValueLifeInsuranceReviews you are exactly right I have seen properly designed IULS that can last to 120 years old.

@nelsonramirez6939 Год назад

I have a question and I will be playing devils advocate. If you are a licensed agent, and you are selling an IUL in which your assistance in drawing up this life insurance contract will be making the customer/client potentially millions of dollars on the high end, or even a great chunk in the hundreds of thousands of dollars in the maturity of the policy, would you really want to do that contract at the most highly leveraged cash value for the client and sacrificing most of your potential policy. My understanding is that it can take you from making a few thousand dollars down to a few hundred dollars. That option does not also make any sense from a life insurance agent who is trying to feed their family, and is paying lots of monies in leads and business expenses to obtain such a client. There should be some middle ground. Obviously don't squeeze the client for all they got, but also dont turn this industry into a "Fleamarket" business where you get "nickel and dimed" to death.

@johnbasile8462 2 года назад

Do NOT ever take an IUL. EVER. Ask the agent trying to sell you this product why the largest and best rated insurance companies DO NOT SELL IUL’s. Everything is subject to change and will change. Design doesn’t matter because shortly after purchase, it wont be what you thought.

@CashValueLifeInsuranceReviews 2 года назад

Except many of them do