Does an IUL need to be fully funded before you can borrow against it. Is there a percentage it need to be funded before you can borrow against it? Thank's so much for the information!
No! You can access cash value very easily. Generally we say not until year 5 just to stay on the conservative end, but you can get access as early as year 1 with some limitations.
Great question in theory, but we have neve experienced in history even including the great depression four consecutive years of market loss. The most we have ever had was three years, which i believe has happened three times in history. 2000-2003 being the most recent, and we have IUL policies through that period. But let's follow your argument for fun. If you money was in the market and you were accessing money, you would have experienced double losses to the point that you would be running out of money. At least with the IUL, I am not losing money due to the market. In regards to the loans, I can always move my loans to a fixed loan. This would allow me to earn the exact same rate that I am being charged so I can't lose money due to the loan interest. So the only thing I need to cover during the 4 year would be my COI. So relative to almost anything else, if we had a four year downturn, I would be in a much better position in my IUL.
Here are some additional videos talking about the fees. You minimize fees by properly structuring your policy and maximum funding it. th-cam.com/video/pgb0IXB_eDo/w-d-xo.html th-cam.com/video/a-XhJ1nPsgw/w-d-xo.html th-cam.com/video/hcDL7xXOSJc/w-d-xo.html
I think I understand how you can borrow the interest that you make each year tax free, but wouldn't that leave you with the same basis/principal year after year? In other words, if you made 10% and borrowed the 10% each year, how would your cash value continue to increase over the years? Great video series.
Because you’re borrowing AGAINST the cash value, not FROM your cash value. Your million keeps compounding while your loan balance keeps increasing, thus making it zero wash.
I can’t trust somebody that uses embellishments to sell something. “BLOSSOMING”? That’s just the death benefit you paid for. If somebody had a $1Million dollar policy and paid $125 for it for a couple a months and dies, is that called “the $125 per month BLOSSOMED” to $1million?? Or would this just be getting a benefit you paid for, AKA death benefit ? Slick ain’t it
no this is referring to the cash value of the policy. not the death benefit. so if you paid only a few months of premiums your cash value that you could loan from would only be that amount not the actual millions dollars of the policy benefit.
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Does an IUL need to be fully funded before you can borrow against it. Is there a percentage it need to be funded before you can borrow against it? Thank's so much for the information!
No! You can access cash value very easily. Generally we say not until year 5 just to stay on the conservative end, but you can get access as early as year 1 with some limitations.
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You are a Saint Doug Andrew!
Thank you!
Amazing video keep it up 👏
Thank you! Will do!
Great video!!
Can you talk about wash loan in details. 🙏🏻
You can see more videos here: th-cam.com/play/PLF8af6gsBLflDP90-RmruHYJ_9rPRg5q2.html
Thxx u sir so much !¡
Can you borrow from it at a younger age earlier than retirement?
Yes, absolutely!
But what if your balance is not growing while you are taking loans? Meaning, if the market goes into a recession for 4 years, what happens then?
Great question in theory, but we have neve experienced in history even including the great depression four consecutive years of market loss. The most we have ever had was three years, which i believe has happened three times in history. 2000-2003 being the most recent, and we have IUL policies through that period. But let's follow your argument for fun. If you money was in the market and you were accessing money, you would have experienced double losses to the point that you would be running out of money. At least with the IUL, I am not losing money due to the market. In regards to the loans, I can always move my loans to a fixed loan. This would allow me to earn the exact same rate that I am being charged so I can't lose money due to the loan interest. So the only thing I need to cover during the 4 year would be my COI. So relative to almost anything else, if we had a four year downturn, I would be in a much better position in my IUL.
@@missedfortune Good points - thank you. Am considering Allianz Life Pro+ Advantage Fixed IUL.
Man u put this soOoooo freakn simple...a kindergarten can get this every single time !!¡¡♡
😲 wow 😳
Everyone talks about the high fees as reasons for staying away. Can you discuss these fees in more detail?
Here are some additional videos talking about the fees. You minimize fees by properly structuring your policy and maximum funding it.
th-cam.com/video/pgb0IXB_eDo/w-d-xo.html
th-cam.com/video/a-XhJ1nPsgw/w-d-xo.html
th-cam.com/video/hcDL7xXOSJc/w-d-xo.html
Exactly...blow em' out of the water....
I think I understand how you can borrow the interest that you make each year tax free, but wouldn't that leave you with the same basis/principal year after year? In other words, if you made 10% and borrowed the 10% each year, how would your cash value continue to increase over the years? Great video series.
Because you’re borrowing AGAINST the cash value, not FROM your cash value. Your million keeps compounding while your loan balance keeps increasing, thus making it zero wash.
@@aaronromero3153 If you can borrow against your cash value, what is the percentage can be borrowed against it after the year you open a policy.
Can you self direct an IUL?
You can choose different indexes and diversify with different index strategies offered, but you cannot self-direct outside of that.
I can’t trust somebody that uses embellishments to sell something. “BLOSSOMING”? That’s just the death benefit you paid for. If somebody had a $1Million dollar policy and paid $125 for it for a couple a months and dies, is that called “the $125 per month BLOSSOMED” to $1million?? Or would this just be getting a benefit you paid for, AKA death benefit ? Slick ain’t it
no this is referring to the cash value of the policy. not the death benefit. so if you paid only a few months of premiums your cash value that you could loan from would only be that amount not the actual millions dollars of the policy benefit.
Just saying not everyone has 500k
What about the regular Ole Joe working and saving
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