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What Types Of Life Insurance Policies Are The Best? 

Doug Andrew - 3 Dimensional Wealth
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With the vast number of insurance options available today, choosing which policies will work best for your goals can be challenging. In this episode, I'm going to address the question, "What types of life insurance policies are best?" If you want to know how you can accumulate, access, and transfer your money tax-free, stay tuned until the end of the video.
To your abundance!
Doug Andrew
Key Moments In This Episode
========================
00:57 The biggest problem with buy-term-and-invest-the-difference
02:59 Accessing your money tax-free
04:32 Permanent insurance
06:59 Universal life
08:39 Three types of universal life
10:14 Why indexed is my favorite
12:38 Rebalancing
13:50 The LASER fund
Did you love this video?
Want to learn more wealth and life empowerment lessons from Doug?
Here are some next steps!
========================
How to Diversify and Create the Foundation for a Tax-Free Retirement
laserfund.com/
How to Lead Your Family/Business from “ME” to “WE”
entitlementabo...
Visit Doug Andrew’s website:
dougandrew.com/
Music
========================
Song: LiQWYD - Glow (Vlog No Copyright Music)
Music provided by Vlog No Copyright Music
Video Link: • LiQWYD - Glow (Vlog No...
========================
Video by Nate Woodbury
BeTheHeroStudios.com
/ natewoodbury
#DougAndrew
#3DimensionalWealth
#AbundantLiving

Опубликовано:

 

10 сен 2024

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Комментарии : 104   
@InnovativeLegacies
@InnovativeLegacies 3 года назад
Doug is doing the public a great service by educating the public on the very foundations of a sound financial plan. Yes, the insurance industry has great political power and they make money. Who would want insurance from a company that doesn't make money? The tax laws for which that the industry lobbies benefit the educated consumer in a huge way. Too bad more people don't understand. The term "financial advisor" is a misnomer since the overwhelming majority focus on investments with little understanding of how to include tax-advantaged life insurance in the mix.
@missedfortune
@missedfortune 3 года назад
Thank you for watching Lynn!
@jamestrawick3262
@jamestrawick3262 3 года назад
I'm in the process of reading the The Laser Fund. It has opened my eyes to an alternative way of funding retirement, instead of the usual financial vehicles available. I wish I had discovered this sooner.
@user-mj1wf9wy9k
@user-mj1wf9wy9k 2 года назад
where did you get it? I could found the web page
@missedfortune
@missedfortune 10 месяцев назад
You can order your copy of The LASER Fund by visiting www.laserfund.com. @@user-mj1wf9wy9k
@jdcolo
@jdcolo 3 года назад
Ok, I thought there were only two (2) kinds of ins. Term & Whole Life. Now, I understand it’s Universal Life that’s the real winner here if you can find someone who understands and can structure it correctly for you.
@missedfortune
@missedfortune 3 года назад
Thanks for watching and glad you now know!
@janetlynch2920
@janetlynch2920 4 года назад
You explain things very clearly. Thanks!
@missedfortune
@missedfortune 4 года назад
Thank you Janet!
@CarlosFlores-zp7wc
@CarlosFlores-zp7wc 3 года назад
Doug, thank you so much for the education. I want to become an expert on IUL just like you!
@missedfortune
@missedfortune 3 года назад
Take a look at our training and mastermind for professionals: iulinsiderpro.com/
@devisgoated4049
@devisgoated4049 Год назад
Doug is the Dr. Sebi of financial Education, Only 18 but I got to say I do love his videos especially from someone that is trying to fight my family's poverty/financial struggles and start off my entrepreneurship career 👍🏽👍🏽👍🏽
@melguarin7329
@melguarin7329 3 года назад
This man should have his own book on Audible!!!! Respect ✊!!!!
@missedfortune
@missedfortune 3 года назад
www.audible.com/search?keywords=douglas+andrew&ref=a_search_t1_header_search
@forgiveandmoveon
@forgiveandmoveon 3 года назад
Good advice Mr. Andrews. I spoke with a IUL agent today and he advised me not to start a IUL policy unless its solely for death benefits. This didn't appear to be correct. And I notice he sent a illustration without me giving him any details of what I wanted. So I think he is more commission driven and something about him didn't feel right when I was observing him on ring central.
@livetodance30
@livetodance30 3 года назад
I hope you were finally able to connect with a financial strategist to help you with your policy needs. If not, I can help you out. Let me know.
@aracelitalks
@aracelitalks 3 года назад
Wow! You definitely have a gift for teaching! 🙏 thank you
@missedfortune
@missedfortune 3 года назад
Wow, thank you!
@kendrickmcfarland1284
@kendrickmcfarland1284 Год назад
The music at the end sounds like cobra starship-you make me feel. Love it
@BowenOrg
@BowenOrg 3 года назад
AND WHAT ABOUT ALL THE LAWSUITS AGAINST YOU AND YOUR SON? CAN YOU PLEASE TELL EVERYONE ON RU-vid ABOUT THAT PLEASE! THANKS!
@Kinghippi3
@Kinghippi3 3 года назад
Like you and your son? Or the guy talking in my hands?
@genolucero5385
@genolucero5385 3 года назад
If someone new to having an IUL starts with a modest policy, is it a good idea to get an extra term policy to help to increase coverage until more can be saved in the IUL to make it most valuable?
@missedfortune
@missedfortune 3 года назад
Great idea
@josephharperlll2895
@josephharperlll2895 2 года назад
Thanks , Doug. Keep on educating.
@stefinaweasley1514
@stefinaweasley1514 2 года назад
Thanks for all the detailed information you have provided in this video. I like your way of explaining every point. Keep sharing such great videos in the future also.
@missedfortune
@missedfortune 2 года назад
So nice of you, thank you
@EarthtonesCymbals
@EarthtonesCymbals 2 года назад
Thank you. Excellent content. Best wishes.
@CristinaMartinez-wl6pz
@CristinaMartinez-wl6pz 3 года назад
Doug, thank you for being so concise with the information you provide. How can I get more information on The Laser Fund book and any workshops you may have for professionals in the industry looking to specialize in IUL’s?
@missedfortune
@missedfortune 3 года назад
Thank you for watching. I have just launched what we call IUL Insiders. We are offering in depth training, a mastermind, tools and resources to help you properly educate and offer IUL to your customers. You don't leave your current relationships to join. IUL insiders is not affiliated with any one insurance agency. It is for the advisors who want to become specialists in IUL. You may have to get on a waiting list, but check it out here: www.iulinsiderpro.com/
@VIPCoachDietrich
@VIPCoachDietrich 3 года назад
What is the difference between universal life index fund apposed to global index or S&P rollover ?
@michaelcurry6420
@michaelcurry6420 2 года назад
Doug how do you know if the agent is structuring your IUL and funding it properly?
@JPGodschild
@JPGodschild 2 года назад
Awesome video.. thank you!
@HavocDH
@HavocDH 2 года назад
Doug, I just have one question that I can’t figure out myself. Where do we find a whole life insurance policy? I want to go and walk in somewhere and sit down and go over with someone so I can start one because I’ll be an investor by the end of 2022. I live in Chicago land Area.
@rickdone7785
@rickdone7785 Год назад
Learn more about whole life insurance you’ll have to restructure it so you can get both benefits. Watch Dave Ramsey on whole life insurance understand the factors. That’s my advice to you.
@KayleighBaley-gr3sm
@KayleighBaley-gr3sm Год назад
Great explanation on life insurances! 😍 It's good to know the different types and benefits. 💯 Thanks for sharing this helpful video! 🙌
@Bluewh174
@Bluewh174 Год назад
I have reached out to an insurance agent asking term life quote, they gave a quote that will need over 85,000/- payment for 30 years term, and there are no returns in term insurance 😮
@garryarmstrong8460
@garryarmstrong8460 3 года назад
Great video thank you for sharing!
@missedfortune
@missedfortune 2 года назад
Thanks for watching!
@p.j.882
@p.j.882 Год назад
If cash value exceeds the maximum tax actuarial reserve set by Canada Revenue Agency, death benefit is no longer tax exempt. The insurance policy becomes a taxable endowment.
@inhsactoca8466
@inhsactoca8466 Год назад
Hello Andrew, can you help to tell me what mean "a sacred cow"? tks Andrew.
@Anonyme67
@Anonyme67 2 года назад
Many thanks
@paratrooperlane7022
@paratrooperlane7022 2 года назад
I don't know who to believe in todays world, so many crooks on the internet these days. It's easy pickings for them, that is why I have been buying gold and silver...........It always goes up in value.
@josephbigornia614
@josephbigornia614 Год назад
Ultimately you believe God!! This is in my opinion right on the money!! No pun intended
@johnsmith8285
@johnsmith8285 3 года назад
How would you go about finding a good insurance agency to work for?
@claywright7371
@claywright7371 3 года назад
I work for a great company and know a lot of the little things you should look for. Lmk if you what any details.
@oktainsv14
@oktainsv14 3 года назад
Hi, what do you think of Industrial Alliance Genesis Universal Life, with critical illness hybrid?
@AMB_REELZ
@AMB_REELZ Год назад
LOVE THE VID. IM 33 HEALTHY AND READY TO INVEST. HOPING TO GET THE BOOK I NEEEED INFOOOOO
@missedfortune
@missedfortune Год назад
You can order your copy at www.laserfund.com
@Pitchman
@Pitchman 3 года назад
Which company and products were you showing examples from. I’m a big believer in your concepts. Thank you!
@missedfortune
@missedfortune 3 года назад
I am not showing any specific company, rather teaching in general how an IUL works. There are a lot of good companies out there. If you are a professional and want to learn more, come check out my mastermind for professionals here: iulinsiderpro.com/training-registration
@missedfortune
@missedfortune 3 года назад
Check out my mastermind for professionals so you can see no matter what company you are using, how to do it right. iulinsiderpro.com/training-registration
@PatriciaRodriguez-dm7oc
@PatriciaRodriguez-dm7oc 4 года назад
Hi Doug, Whom do you suggest I contact on your team in order to use my Life license and offer your advise. At this time, I've been looking at owning an Allstate Agency, however, I'm only interested in working with a Coach in your organization so I can help people! Please let me know! Thank you~!
@missedfortune
@missedfortune 4 года назад
I would recommend initially reaching out to my son. Send him an email at emron@laserfinancial.com.
@PatriciaRodriguez-dm7oc
@PatriciaRodriguez-dm7oc 4 года назад
@@missedfortune fantastic!! I will. You're amazing!!
@guardianking9209
@guardianking9209 4 года назад
I know not of an IUL that has 0% floor and no cap. The cap is usually15%. How else do insurance companies make money?
@missedfortune
@missedfortune 4 года назад
The insurance companies primarily make their money through the mortality charges for the death benefit.
@jisoo631
@jisoo631 3 года назад
@@tomjoad6993 yes that is possible!
@Chuong15
@Chuong15 2 года назад
Hello!! You are awesome! I am looking to work with a company to execute the max funded index insurance. Which company do you prefer to allow Liquidity and charge a loan and still allow your overall cash value contribution to compound instead of surrender cash value? Is there a way I can contact you? Thank you
@jyotipurba
@jyotipurba 2 года назад
Hey I am a licensed agent here in Canada and In the USA. Feel free to contact me and we can run some numbers for you. 661-304-0169 / 403-616-1160
@NoWayJoseNJ
@NoWayJoseNJ 3 года назад
Does a UIL work for someone in their mid 40s?
@alexjones28
@alexjones28 3 года назад
What are the most trusted life insurance companies? Companies that will pay out once I die. Thank you sir
@missedfortune
@missedfortune 3 года назад
I don't know if any legal reserve life insurance company that has not paid a death claim going back well over 100 years now. I like to look at companies that have comdex scores of at least 70 or higher. I love companies that have comdex scores of 90+.
@robmartin217
@robmartin217 3 года назад
Doug....excellent...
@missedfortune
@missedfortune 3 года назад
Thank you kindly
@davidcleveland5
@davidcleveland5 Год назад
What insurance companies to go to
@josephbigornia614
@josephbigornia614 Год назад
You Rock!!!
@tshirtartdesignqueenleo3855
@tshirtartdesignqueenleo3855 3 года назад
thank you dear...i have 100,000 on accidental death...they are calling me now to transfer like 25,000 in to long term...whats ur thoughts on this
@cheech423
@cheech423 2 года назад
Consider an IUL with LTC included
@nelliemoua8705
@nelliemoua8705 3 года назад
im still so confused..
@missedfortune
@missedfortune 3 года назад
Keep watching. I can't cover everything in just one video. May I suggest this playlist: ru-vid.com/group/PLF8af6gsBLfluNIRv7jllRl43tfIUGlmQ
@ajuaj2000
@ajuaj2000 2 года назад
@@missedfortune which company do you recommend for iul
@ajuaj2000
@ajuaj2000 2 года назад
@@missedfortune iam loving it
@peterpaoli9356
@peterpaoli9356 3 года назад
What about the MEC rule in over funding the life Insurance
@missedfortune
@missedfortune 3 года назад
You want to properly structure a policy to comply with the TEFRA/DEFRA and TAMRA tax citations. This included the MEC rule. To see some actual policy statements and to learn more, you can 1. request a free copy of my book, laserfund.com/free; 2. Attend one of my free webinars, 3dimensionalwealth.com/events/; 3. Join our Laser Fund Learning Group on Facebook, facebook.com/groups/laserfundmasterclass
@tiggaism
@tiggaism 3 года назад
Nice! Got the sub
@missedfortune
@missedfortune 2 года назад
Thank you!
@ALI-my1lo
@ALI-my1lo 2 года назад
nice
@elizabethcampos1409
@elizabethcampos1409 3 года назад
Can you explain more how term insurance works
@missedfortune
@missedfortune 3 года назад
Here is another video that might help: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ejEJzLjRNyY.html
@scootchieandboo7475
@scootchieandboo7475 3 года назад
Well I never worried about my death, I've always seen it as a " everybody else " kind of problem, than I had kids and it I want to ensure it's not their problem
@alantinoalantonio
@alantinoalantonio 3 года назад
You would have made your problem ours as tax payers.
@scootchieandboo7475
@scootchieandboo7475 3 года назад
@@alantinoalantonio lol dont hurt yourself jumping to conclusions that I'm in debt or jobless JERK wad I'm a nurse of 23yrs with property, investments, and insurance it's a reference which I meant making my funeral arrangements so my kids dont have too. You are a real piece of work worrying about taxes lol
@ColeB-jy3mh
@ColeB-jy3mh 3 года назад
Short answer buy term invest the difference
@MsLiberty101
@MsLiberty101 2 года назад
Invest the difference in what?
@vinrod34
@vinrod34 3 года назад
Where can I get universal life in Florida??? 32960 cash cow
@cheech423
@cheech423 2 года назад
Let me know, I'm licensed in FL 👍🏼
@princessalana69
@princessalana69 3 года назад
amazing
@missedfortune
@missedfortune 3 года назад
Thank you! Cheers!
@grateful9672
@grateful9672 2 года назад
"index universal life"
@vinrod34
@vinrod34 3 года назад
I am 55, living week to week, I have no life insurance!!
@evirapier2963
@evirapier2963 2 года назад
That’s no good
@mamoo2737
@mamoo2737 3 года назад
What wud u say about freedom Equity guard how this works? Can u please make this a video? Really appreciate. Btw am not expert and good. Still getting idea about life ins.
@dawncarrasco8320
@dawncarrasco8320 3 года назад
What did he do ?
@dvang4762
@dvang4762 2 года назад
Hi I would like to take life insurance to day have any one can talk to me pl ?
@utprez
@utprez 2 года назад
LOL this guy! ppl, don't buy IUL or whole life...just buy term life and INVEST the amount you would have paid in IUL or whole life premiums...any interest calculator will show you that's obv. the better investment - term life PLUS investment
@jbferrer3
@jbferrer3 2 года назад
Uhmmmm.... What?????????
@anthonypinto5316
@anthonypinto5316 2 года назад
What a scam
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