WRONG!!! Primerica sells Term AND Mutual Funds, tax free if in a Roth IRA. Much much better strategy. Just compare the historical performance on both. People retire with mutual funds savings, people retiring with IUL savings DON’T EXIST.
@@DavidMcKnight sir, your whole platform against Primerica is wrong, true agents that do it the AL Williams way actually make a custom fit policy designed for what you can afford. You also didn't hit on their financial education and FNA that is free. Nor did you touch on the investments. You sir, slander a company for no adequate reason.
@@DavidMcKnight If that is the case why would the first statement be "Primerica has one goal and that is to sell you a life insurance policy, and an expensive one at that?" Because that's factually wrong. There are also agents that do IUL's. So all around this video is entirely misleading.
Buying Term & Investing the Difference it's the best way to go all time, every time for you and your family. No matter which perspective you look at it from. Sorry to disappoint you. !!
Here’s my bitter sweet take on Primerica, let’s be honest 90% of the IUL policies out there truly are “trash value life insurance” yet the 10% that are done right won’t be replaced because any agent who structures them correctly typically has a thorough education process where the client won’t want to replace it because they understand it….me personally I get excited about every one they have replaced, let’s be honest when the policies are minimum funded, or written at target, there’s a good chance they will implode, as much as I hate the ignorance around their strategy to replace them being factually incorrect, they truly are doing the client a favor by replacing them. Even if they are replaced with HORRIBLE industry high fees associated, and blatant ignorance on the product itself..it’s not as bad as the fees associated with a minimum funded policy. Sorry for rant, but just my 2 cents.
I appreciate your comment. The quick fix, however, is to simply add more money to the policy on a monthly basis. Short of advisors instructing their clients to do so, it’s going to take some mass education on the part of me and others to get people to begin funding their existing policies correctly.
@@DavidMcKnight sometimes that’s challenging, I just audited a policy that written with a $500,000 DB the client was putting like $762/mo to be fully funded she’d need to put nearly $3k/mo and it was sold as a tax free retirement, when i re ran it the DB at guideline was $162,000. In my opinion it’s more on the agent to structure it right for clients budget than it is for the client to come up with more to fund it properly. It’s just super sad to see such an AMAZING product be so misrepresented. I’m probably one of the few but I WANT to see more regulations or even additional licensing to sell this product, when 90% of the policies out there are done wrong it makes it hard to get behind a product unless you KNOW the agent had the clients best interest at heart, and I run free trainings every week showing how to do it right and costs of running it at target vs guideline. I’m trying my best to clean the industry up as well as I can. You’ve been a HUGE impact on me and completely shifted my mindset. I first watched the power of zero, then read the book, then when you came to speak to our company live in Sacramento it was the step that took me to learn this stuff the right way. So thank you! I’m going to help do as much on my part as possible to help the fight!
@@LuisZunigaPRI I love your strong opinion on something you yourself don’t even understand. I’m sorry primerica has indoctrinated you, if you ever want to learn how these policies really work, I’d be more than happy to educate you, and if you feel you know more than me… I’d be happy to set up a live recorded debate..
