Thanks so much for your informative videos. My question to you Mr. Andrew is how do I get access to the proficiency test you mentioned and can you give me advice on how I can best learn how to properly structure IUL's? I'm a new agent.
I purchased the Laser Fund last week, and I just now saw this video, from 3 yrs ago. I tried to find the 14 questions on page 195 and they’re not there. I’d like to know where they are if anyone can help. Thank you!
You have an updated edition of the Laser Fund, it is found on page 211-213 of that edition. There is another edition (version 3) that just barely came out and it is on page 219 of that version.
Excellent! It is too often after watching just a few of my videos, you will know more than 90%+ of any licensed advisor. Well done on weeding out the wrong agent!
Yes, you can definitely start with $50k. You can setup a time to speak directly to an IUL Professional we work with here: www.3dimensionalwealth.com/getstarted
Isn’t going off average returns dangerous. Shouldn’t you be using actual returns instead. Since that’s the money that you actually see and get to utilize? Like over the past 10 years the average has been 8.9, but actual return was only 5.3. Before fees. Also how would you structure the policy to not go up over time, since the UL is based on stair step term.
Sadly, all of the regulators require the insurance companies to illustrate using a flat average return. I agree that I think that actual returns would be better. We have built an IUL simulator that does just that, allows you to see the growth and the fees in a real simulated example. If you would like to speak with a specialist and see that, you can be introduced to one here: 3dimensionalwealth.com/getstarted/
@@missedfortune thanks. I ordered a copy of your book and I'll read to learn more so I can weigh my options as to it I'll start selling UL policies to my clients.
You can have a specialist run in audit for you and tell you what your options are. I used to do this all the time to help people understand what they had and what their options were. They can usually fund it with a lot more money, or they would need to look at reducing their death benefit or a 1035 exchange. I can introduce you to experts who audit existing IUL's all the time: 3dimensionalwealth.com/getstarted/
@Bobby Ewan sorry that happened to you. See I’m a wfg agent trying to learn more and make sure Im doing the right thing for the clients 100% of the time before I start advising people what to do. Hence why I’m here. What company did they go with and how was it set up if you don’t mind me asking?
Why do you have a disclaimer on the bottom of your laserfund lead page "life insurance policies are not investments and accordingly should not be purchased as an investment" ?? That defies everything you teach/talk about. I was about to purchase your book but that disclaimer is so contradicting to everything you're saying
The regulators have declared that life insurance is not an investment. You must establish this as a need for death benefit. When you self-insure yourself, you can then manage that death benefit and experience the benefits and rewards of doing so.
Doug, great video, my question is....if IUL is designed properly.....as the policy costs skyrockets in insured later years,ages...ie 70's..80's+....will continue to grow and avoid lapse?.....
I’ve been watching your videos about The IUL and thank you for putting this information out there. I’m 24 and just signed up for one. I’m really wanting to make sure it is properly structured. What is the way to go about this? Thank you!
Glad you're enjoying the videos. You can speak to one of the IUL Specialists we work with to help you get it structured correctly. Here is the link to schedule a time: www.3dimensionalwealth.com/getstarted
No, they are two different types of policies. TransAmerica's Global product is a Universal Life product. Doug is discussing the INDEXED Universal Life category of products (not just regular Universal Life category.) TransAmerica calls theirs the Financial Foundation Indexed Universal Life policy (FFIUL). They are designed very differently, and the forecasted long-term outcomes are very different.
Visionary0001 said it great. The only things that they may have in common in tax laws as it is associated with life insurance. Other than that, they are different in the core purpose of what you are trying to get accomplished most. Here is my best playlist to understand IUL better: ru-vid.com/group/PLF8af6gsBLfluNIRv7jllRl43tfIUGlmQ
Hi Doug , I’m a clueless 38 yr old women who has not started investing . Till now . Where can I find a knowledgeable professional to set up an INDEXED fund?! Please help
@@marcellatorres2715 Hi I am a licensed agent and IULs are my specialty. I see this post is old so if you are still looking for help and want to set up a free consultation to see if an IUL is right for you, respond to this post and I'll send you my email.
So I basically have to be an experienced Insurance agent to set up these IULs properly. And if I'm a client with little insurance experience..........I'm basically trusting that my IUL advisor will make the right choices for me. That is a bridge too far for me. I'll stick with dividend paying stocks particularly as I am retired and over 60. Don't need life insurance, self insured.
Well, actually, Michael, if I went. This route would be to fund my life Insurance policy with everything I have and then borrow against it and invest the borrowed money back into my dividend stocks. That seems ideal to me as long as the interest rate was lower than the dividend yield.
OR you could borrow money against your IUL and invest in real estate using Max Leverage. That's where my mind is as I watch his videos To have your money multiplied and working for you in multiple places. The third idea I had was to borrow against my iul in order to purchase the things in life that I purchase with money that is not taxable and then let my iul pay back the loan.
If you would like you can you can schedule some time with an IUL specialist who can answer more of your questions and even run some examples for you: 3dimensionalwealth.com/getstarted/
I’ve compared IUL products of a few conpanies with 90 or above Comdex score..whats your opinion about Allianz,Pacific Life,National Life,Nation Wide, Securian?
They're good companies, but thats not the whole picture. The carrier is only as good as the policy is designed. If you design the policy poorly, then the carrier makes no difference. If the policy is structured correctly, the carrier's strengths will begin to show. But, most agents miss the target on the first step of designing the policy correctly. Hope that helps!
@@missedfortune This is so true, no one teaches agents how to structure the policy, not even the carriers. It is only the agent who keeps on digging to find out what is best for their clients. So many mistakes on the way to this education.
Hey Mr. Andrews do you care to discuss the class action lawsuits levied against you for the failed IUL's you've sold? You're IUL'S will fail give it about 5 years you heard it here first
How can I start with you please? I’m 24 with a decent income well over average. I joined with an agent while I was 23 and she made me over pay for her own benefit!!! I realized it later though while learning the ins and out of insurance policy! Thank you!
Hey, I'm an agent and can take a look at your policy for you if Doug hasn't responded. I specialize in IULs. I'm sorry that this happened to you. At my company (InVida FN) we put you first not our paycheck. Also good for you for paying yourself first at such a young age! I wish I was able to do that back then I'd be set! Respond to this post and I'll send you my email. If not I hope you figured out a solution that best suits you!
They can be great! First make sure that your policy is structured correctly and you are funding it according to that structure. Once you have that, you can tweak your results by seeing which insurance company and product has they best indexing options. I have seen some great returns with Allianz's BUDBI index. They aren't the only one, there are also many many others as well to choose from.
Hi has anyone helped you? I don't work for Doug, I work for InVida and we have a department that specializes in IULs. This is my area of expertise and I'd be happy to talk with you if you need any guidance. If you still are needing assistance respond here and I'll send you my email.
They would be in the top 6 if you are looking at a Whole Life, but they do not offer IUL (Laser Fund). So in that case, no they are not in the top 6 because they do not even offer it. Look at Pacific Life, Nationwide, Allianz, Securian, National Life, Penn Mutual, Transamerica.
If you are looking at the overall average, then typically yes, plan on 10 years. I have seen it done sooner, but plan on 10. If you are isolating a specific year, then yes it happens around that year 5 mark.
That is usually not likely when the policy is structured correctly. It is possible that there is a policy or insurance company that may have that high of an expense in year one, if so it better have extremely low expenses in later years.
I've followed you for a long time and have all your books. I appreciate that you've brought attention to the IUL world. BUT, I don't like what you're implying in this video. It really scares people from getting IUL unless they call you since you seem to be the only one out there competent with this and know the only agents that can do a good job. And that's not the case. I don't think that's ethical. Give the proper attributes of a good policy and let people decide for themselves who to work with. There are even inexperienced agents listening to this and think they can't do this unless they turn to you. Not everything YOU say is quite accurate.
@@mikelarock9379 Implying that he's the only one that can do IULs properly. He talks quite often about earning 10% and keeping 9%, or some other numbers showing only a 1% difference between gross and net interest earned. This is not accurate in the beginning for several years. Costs are front loaded on the IULs. Later on the properly designed policies get quite efficient and you get the performance. But not for several years. This is especially true for older clients where the cost of insurance is higher.
Thank you Sir, I just dropped your name with my financial expert and he loves your work. I feel much better after asking him the tough questions you teach to ask.
Doug, I agree. I’ve held meetings with three life insurance agents and they are very diverse in what they offer. Structuring it is QUINTESSENTIAL! Again, your book is stellar. Some agents gave you “pro-forma” data and gave you whatever the computer spit out, not showing you a fully optimized policy. Structuring the policy is more important than funding it!
Ryan- Well said. I cannot say it enough, you MUST first make sure that the policy is structured correctly. Then, you must make sure you fund it according to that desired structure. The ensures the greatest efficiency and experience for the policy owner.
