Whole Life Insurance vs Universal Life Insurance: Which is Better? | Wealth Nation

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Whole Life Insurance vs Universal Life Insurance: Which is Better?
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The views expressed are educational in nature and not intended to provide investment advice. Should you have a question, it is always best to consult with your financial or tax professional. The discussion with Andrew represent general thoughts and not specific to any particular situation.
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⏰ Timecodes ⏰
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00:00 Introduction
01:00 Setting the Foundation for Indexed Universal Life Insurance
04:56 Borrowing From Universal Life Insurance Cash Value
07:00 What is the Cash Value For an IUL?
09:51 WL vs IUL Guaranteed Cost of Insurance
13:48 Selling IUL with Simulated Illustrations
15:48 Understanding Indexed Universal Life Returns
25:08 Understanding Simulated Returns
28:56 Life Insurance is NOT the Growth Asset Class
30:55 Who is Indexed Universal Life Insurance For?
37:52 Conclusion
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Опубликовано:

7 авг 2024

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Комментарии : 61

@WealthNation 3 месяца назад

✍🏾 Are you ready to Start a Policy? Complete our new client application. bit.ly/WN-New-Client

@genron187 2 месяца назад

This video is very basis tbh. I have a IUL and the avg return for 3 years now for me is 6.5.

@JonathanAguilera-fz3vx Месяц назад

I’m the greatest bull run , you only averaged 6.5??? Imagine in a down market? Sheesh that policy is set to fail..

@genron187 Месяц назад

@@JonathanAguilera-fz3vx i said the avg. It's hit well over 7 for two yrs. 2022 wasn't great for most.

@tmac5078 24 дня назад

@@JonathanAguilera-fz3vx 3 years isn't the greatest bull run...... hahaha are you serious

@AdamDoran 6 месяцев назад

Love this! Such a good explanation of the differences between whole life and IULs.

@thinkzalot 6 месяцев назад

This was awesome. Thank you for breaking it down - it really helps to know in detail what you are choosing between!

@AhavYAH_Yisrael 5 месяцев назад

This is excellent information! Thank you very much. 😊

@genron187 2 месяца назад

Needed this. Thanks WN

@cwall216 6 месяцев назад

This was a great breakdown. I needed to hear this.

@Proverbs3-13 2 месяца назад

True.. Both IUL and Whole life have their use cases. It’s not one that’s better than the other. 18 years in the industry. The challenge every agent must overcome is poorly designed policies that are written in favor of the agents commissions.

@_blackturtle_5734 2 месяца назад

genuine question... have you seen IULs that are older than 10yrs where the client is happy and the policy isn't eating itself up or anything? thanks if you respond!

@RavBarring 2 месяца назад

@@_blackturtle_5734 Yes. I have many clients with policies that are older than 18 years. My 1st client doesn't qualify for an 'upgrade' 1035 exchange into a new policy because of alcoholism and criminal records he suffered 7 years ago. The company I placed him with back in 2006 when I was a rookie was with the notoriously high fees WRL, now known as Transamerica. He has what was called the EIUL back in the day. You would be surprised to know that his policy is doing exceptionally well. He has consistently funded it, the death benefit has been leveled off so cost of insurance isn't eating up the policy cash value. My go to companies for IUL are currently low cost providers. I also utilize Whole life where ever possible. Both are great financial tools. I believe for liquidity needs, debt elimination etc.. Whole life would be the best way to go.

@chadrunken931 Месяц назад

What case is IUL for ? Who is the target audience ?

@bokardiaby6857 День назад

@@_blackturtle_5734Yes i have actually. And they borrowed against it a couple of times for investments and real estate properties

@uzooji1678 3 месяца назад

How can I get that report on ' The induvidual IUL return for the past months and years'.

@khongcolong 4 месяца назад

Excellent!! Thanks!

@chadrunken931 Месяц назад

So, who is IUL for ?

@fghhgfswetyh 2 месяца назад

Why don't you ask Doug Andrew to make the comparison?

@TaxPayer-od5rr 2 месяца назад

I sincerely thank you Andrew, Carmen, and Darius for assuming my understanding of these products

@livingwithkaye 9 дней назад

😂

@cherfit4u 2 месяца назад

I appreciate your video but he was very biased towards an IUL. As long as you structure it properly (index options) your accumulated value will grow. I work with over 20 different insurance companies as an independent agent and each IUL is different depending on the company. Meaning the interest rates for companies are not all the same. So you have to educate your client. It’s all about education…

@nyamburamaina8090 16 дней назад

Very informative

@dccc4725 Месяц назад

When you try to bring down something. That means, that something is above you. Looks like IUL is better than Whole Life.

@monkeybidboy 8 дней назад

Some carrier like NYL do not offer IUL insurance agent represent the carriers they are appointed to.

@rinawinfrey3964 6 месяцев назад

Is there any fee to take money out from cash value in a whole life insurance? If so what is the average of interest?

@WealthNation 6 месяцев назад

If you get a loan from your policy we’ve seen anywhere between 4-8% simple interest.

@ALEXI778 2 месяца назад

I keep hearing IUL is not guaranteed what is guaranteed about whole life, the dividens?

@tmac5078 24 дня назад

whole life is like a boring bank account that pays the same guaranteed interest rate (usually 4%). then the dividends are performance based, which maybe add another 0.25% on average. the interest rate is guaranteed. if you like a slow, constant moving train, whole life is good.

@marcushoward33 Месяц назад

I would like to see if I could qualify for a whole life insurance policy

@wealthNmotion День назад

Guarantee over simulation is a no brainer. If you’re a risk taker more power to ya. Great video!

@MRPOLY_237 5 месяцев назад

I really appreciate your videos but i think your guest was more biased on the IUL products unless he is talking on a poorly structured IUL. I've sold and own a series of IUL policies and havent noticed what he is talking about..I didnt get him talk about the down floor protection..As an Agent, I would never advise my client to borrow cash/take a loan against your DB and let your cash value keeping compounding.

@_blackturtle_5734 2 месяца назад

genuine question... why wouldn't you let ppl let CV keep compounding after borrowing against it?

@MRPOLY_237 2 месяца назад

@@_blackturtle_5734Thanks for your question. Suppose you have compounded 50k as cash value in your 250k DB policy after 8-10 yrs. In the eleventh year, the unexpected happens, or you want to buy a house that demands a down deposit of 30k instead of going to the bank and taking a loan of 30k with an interest APR of 24%. I would say leverage cash value as your bank with an interest of 2.5% takes a loan to avoid paying taxes; secondly, if your cap rate is 7%_12% minus 2%. Your 30k will still keep making money at 5%. I hope this helps you. DM if you need further help

@MRPOLY_237 2 месяца назад

@@_blackturtle_5734 My message got deleted😂😂

@ggotg 6 месяцев назад

Hi, I'm interested in IBC. I had a video call with someone from Prevail a few weeks ago. I thought i would be working with Wealth Nation. How do I work directly with Weath Nation?

@WealthNation 6 месяцев назад

Hello! Thank you for your note. We are excited to work with you. Prevail is our client servicing partner, they write and manage all Wealth Nation policies. If you want to email info@wealthnation.io we can reconnect you with the team.

@mgallegos4708 6 месяцев назад

Isn’t an IUL safer than a 401k?

@WealthNation 6 месяцев назад

If you’re referring specifically for retirement needs, then a 401(k) would be the “better”option. However, you should absolutely consult with her retirement specialist before making any decisions.

@monicawilliams5615 6 месяцев назад

How do I 1035 my IUL?

@user-go8ek4zn8u 29 дней назад

401k will be taxe as you income but IUL is taxes free.

@TheInEvitabull1 6 месяцев назад

I'm so ,confused, I need more info

@WealthNation 6 месяцев назад

What is confusing?

@gk_filer Месяц назад

Participation Rates...Spreads...Cap Rates....Complicated return calculations just like and indexed annuity Too many Analog knobs to be adjusted to make me comfortable

@monkeybidboy 8 дней назад

This guy is talking about variable IUL . IUL have 0 risk to the downside and buyer cannot chose anything.