just started chanting "Doug, Doug, Doug, Doug, Doug!" to myself- IUL specialist...Watched many of your videos when I first started and you are the guy who switched my focus from other Insurance products to IULs! Thank you for the knowledge and for your soothing voice
Thank you very much ! I recently took IUL from Nation Wide . But after hearing Dave Ramsey podcast, i thought i got scammed by agents. This is an eye opener. Very thankful to you for making this video Doug Andrew .
I'm studying for my life insurance license. I look at most things unbiasedly, but after reading this article, I would never sell anyone this trash. Google Peiffer Wolf universal life.
I'm from Singapore, and this is so valuable as the financial hub of South East Asia. We still mainly invest in the US markets, which are still subjected to US taxes. Some specific features differ from product to product, but the underlying principle is the same. Only found out about you recently, looking forward to more of your videos and books!
I discovered you today and this is the second video I watch of yours, I am now a subscriber and loyal fan! Might I add, there's moments when you talk that remind me of the way Jim Rohn used to talk. :)
Wow!!! This was so dope. Thank you for sharing your knowledge about maximum payout IUL's in such detail Doug. This video was excellent!!! We might need to setup a petition to get you onto an episode of #EarnYourLeisure 🎓💰📈😎
Great video, easy to understand for any one of “average” intelligence. Besides, not understanding exactly how electricity works-for example-does not mean that in the dark would be wise. As an investor, I know IULs work very well when properly written. Throughout the years, it has performed way better than my mutual fund investments.
I have learned so much from you Mr. Andrews. I truly appreciate your your knowledge and experience in financial industry. I hope to be half of the life producer that you are. Awesome!!!!
Thank you Doug for this extremely easy-to-digest explanation of the IUL Policy. Very well delivered. I just received my Laser Fund book and can't wait to delve in. Please keep doing what you're doing. You are providing so much value to seasoned and new financial professionals. Much appreciated. -Win F.
I'm a financial advisor and I'm grateful that someone smart enough can explain this instead of listening to that Dave Ramsey nonsense... I can't say enough how many of my clients are happy and not going through heart attacks to have an IUL with the protection they have against the down market... Thank you Doug
Hi Doug, I live in the UK. I wanted to know if this applies to the UK or strictly the USA, by the way, I tried applying for your book, and it will not ship to another country. Please kindly address this. Lastly, I want to say a big thank you for putting immense energy into explaining all this, this is an eye-opener, and the educational part of it all is unmatched, thank you!
Read your book, study this stuff pretty often. Like the fire today and this explains why I’ve had such a negative reaction from financial pros on this subject. Feel like I’m just about at the point I could sell these products myself,ha.
Started my IUL last year at 29, I don’t regret it. And my agent structured it properly and if I had any questions, he was there to answer everything in great detail
@@Casch44 I did my own research and kept asking questions along the way. My agent is awesome, he breaks down everything for me step by step so I can understand.
Doug, thank you so much for this amazing video! I will order the book right now. I recently discovered the IUL, and I am super excited to open one. How can I get the answers to those 5 questions of yours? Would really want them:) THANK YOU!
Hey there, an IUL Professional can answer those questions for you. You can also find the answers in other videos on my channel. You can setup a time to speak directly to an IUL Professional we work with here: www.3dimensionalwealth.com/getstarted
Great one as usual Mr. Andrew the only request why at the end of every new video u asked 5 questions that you would ask one of the haters can u put new questions at the end? Thanks
Doug! You are a G for this! love the educational series and I'm a life license myself and you just boosted my conviction to be a part of this movement of IUL!
@@4020E Hi Eric, I see you haven't received a reply. I'm glad to help you set-up an IUL just as Doug is illustrating. If you'll click over to my channel, my contact info is in the image in my cover picture. I look forward to hearing from you!
Get financially educated from the CORRECT information. This guy Andrew ROCKS!!!!! MAKes complex subject more easier to understand in mainstream language NOT jumbo garbage like many financial advisors parrot from their companies.
I'm 30, Started my iul last year. My employer 401k already tanking but it's nice to see the iul growing steadily. I don't make much as construction is kinda slow but I'm glad to see the iul working regardless. Can't wait to utilize it a few years down the line as an emergency fund. Won't be caught empty handed like in 2020 ever again.
@@truckingwithab2411 easiest way to think about it is how netflix seems to be changing their basic subscription every two years the plans can do the same. The general rule of thumb is unless you are maxed out at your 401K and roth for tax advantage you shouldnt even be thinking about IULs. The tax deferring option with cash value due to buying "premiums" for life insurance does not outweigh a 401k and roth tax advantage. IULs make sense for people who cannot get group term life insurance through their job and can cram two policies into one but again after maxing out 401k and roth. For eexample I gave two group term life insurance from my job equalling to about 70 bucks a month for 2 million. IULs cannot give me such a deal for life insurance so fir me the life insurance portion means nothing. The argument here is that IULs carry over regardless of job situation but for me it does not apply since if I dont have a job I wont be able to afford the premiums of IUL. also in the back end you have to remember the agent selling you this policy the commission is tied to the premiums and not the cash value.
Watched the entire video. Exceptionally done. Oft times the Ramsey folks tend to lash out emotionally with extreme rhetoric when categorically dismissing ANY life insurance based strategy. Typically, emotional rants are a result of a lack of understanding, maturity, or the facts simply aren't on their side. In most cases, it is usually a combination of all of the above. Keep the great content coming, Doug! Thank you for this.
I have noticed over the years that "the Ramsey folks [including his following] tend to lash out emotionally with extreme rhetoric" at anything that deviates in any way from his-and only his-system, which is treated as incontrovertible diktats. I think _Total Money Makeover_ and _Financial Peace University_ are really good for what they are, but they are not the end-all be-all that they pretend to be, and the whole environment just gets a insufferable after a while.
I've been listening to the Dave Ramsey Show for over 20 years. I have heard his argument on this subject many times and it's not an emotional rant. He uses facts and logic. He knows more about it than most people who sell this junk. He has nothing to gain by telling people how different types of insurance work and recommending term life.
I purchased a convertible term 500k policy years ago. Eventually it converted to an universal life policy with a face value of 100k. I’m about 65 years old and two of my insurance salesmen have died at an early age. The last salesman twisted my arm to buy it in the first place. I have about 5k of cash value, and pretty soon they will need to increase the premium just to keep the insurance in place. Pretty soon my cash value will be depleted to zero. How is that a good thing? Im thinking the insurance salesman was thinking only if his commission because in no way was it structured properly.
Thank you for this. I came here to see if it had any real people that could give their experience after many years of paying premiums. Sorry about your situation, but at least you can help others not make a poor decision
Great great video Doug. I'm sharing it with my existing clients as well as prospects. I've recently started helping clients with IUL policies and they're surprised to find out about this wonderful opportunity to grow money tax free and with no risk. I work with 3 top rated companies that illustrate between 5.5 to 6.5%. You talked about 11 to 50% interest crediting. Very hard to find index options that are uncapped. Can you share which companies you work with? Thanks in advance
Very broad explanation. Do I need to tell the insurance company to link the percentage earnings or they do it automatically?. I just got to know about IUL.
For more information, make sure to check out our playlists where we have many videos just for learning more about IULs! th-cam.com/play/PLF8af6gsBLfnuEQPmmm-YUM2fsk1wp4Nj.html&si=8aB8ZsQNQxN6NuPy I also recommend going to our website where you can meet with an IUL professional, get a copy of the LASER Fund, and do it all for FREE! 3dimensionalwealth.com/
Thank you for this video! I am a life insurance advisor and I’ve helped so many retirees get a higher death benefit for the price by setting them up with an IUL instead of final expense. I was so confused when Dave Ramsey came out with that article. It felt like an article written by a troll instead of an intellectual.
I have the same policy with a value of $200000. If it is invested and made more than the policy. in terms of return, like more than million, am I be able to withdraw/received a million??? Thank you for this wonderful video, I learned a lot by watching this. I subscribed to the channel and dropped a 👍 on this video. This is superb!
Hi Doug Andrew! Great video! I am from Argentina, I don't live in EEUU but I am very interested in this... Do you have foreign clients? Can I access these well-structured insurances being from another country?
Im so very new to all of this but you made it all so very clear. You mentioned over and over how the policy must be structured correctly but also mentioned how most agents don’t understand how this works. How do I know if I get a “well-structured” policy?
Its not too complicated, just want to make sure it is max funded based on the death benefit you have. I am licensed and would be glad to speak with you and show you some correctly designed options for your case. Let me know if you would like to get in touch.
Hi Alicia, we work directly with professionals to train them on how to do this correctly. You can schedule a time to speak with one of them here: www.3dimensionalwealth.com/getstarted We also have other videos that cover this question specifically: th-cam.com/video/qS0xt_pfEo8/w-d-xo.html
Hi Doug, you did an amazing job explaining this! I loved it and learned so much! I've had an IUL for 9 years now and see my money growing. I'm going to get your book to learn how to position it better. I would like to ask if the cash value in the IUL is added to the original death benefit in the end or is what David Ramsey says that we loose it true. Can you clarify or make a video about it? Thank you so much!!!
Your cash value is part of what your insurance company would pay out. So let's say your policy has to pay out $1,000,000, well that death benefit would be made up of your cash value + the difference between cash value and the death benefit, otherwise known as the net amount at risk. This is the insurance you pay for. Then if you have any policy loans on the policy that amount is subtracted from the $1,000,000 death benefit For example. You have the $1mm policy. It has $600,000 of cash value. So you'd have $400,000 of insurance your paying for. Then you loan $100,000 from your policy and then pass away. The insurance company would pay $900,000 to your beneficiary.
@@eldajpaz2103 Doug is describing an Option 1 level death benefit. With an Option 2 increasing death benefit the cash value would increase the death benefit. The carrier charges additional premium for that feature. David C. Phillips J.D., CLU
This sounds very good, but what if you are not into keeping up with the ups and downs of the market? Can the insurance Maximize your gains automatically or that’s not possible?
MY BRAIN ISNT EVEN BUILT LIKE THAT ...ITZ COMING ON AROUND TO BE ABLE TO SEAT THRO & ETC ...THANK UUU SOOOOO MUCH !! DAT WAZ GOOD !!!!! I WILL BE GETN THE BOOK ASWELL !!!
Amazing Video!! Thank you!! I have been researching this IUL for the past few months. Never heard of it until it became popular on social media lol. Doug, Do you suggest any specific company's that know how to properly structure this?
If your annual gain is 12% and you pay 33% of gain taxes then your actual annual gain post taxes is 8%?!?!? (timestamp 6:30) You pay gain taxes once, not every year!!! A 100$ investment with 12% annual interest for twenty years will result in 964$. After 33% gain taxes you are left with a net of 679$, which is a 10.05% annual interest and not 8%!!! Didn't you learn math in high school?
That’s a great question! We would need to have a much more in depth conversation about your situation to see what’s possible. It depends on what types of health issues you’re facing. Good health is obviously preferable. You can request a time to meet with an IUL Specialist here: www.3dimensionalwealth.com/getstarted
I recommend scheduling an appointment with one of the IUL Specialists we work with. You can schedule by visiting www.3dimensionalwealth.com/getstarted.
@@factshurt5362 I recommend scheduling an appointment with one of the IUL Specialists we work with. You can schedule by visiting www.3dimensionalwealth.com/getstarted.
So about the options trading part, how much is allocated ? Say 5% , was it 5% of the annual contribution or 5% of total cash values invested and keep scaling ?
One thing I didn't understand. What about the call option price? If the call option that: "can use $100/share to buy the S&P in the next year" cost $2. When S&P goes up by 8%, call options give you $8-$2 = $6/share, your $40k will become $40k*($6/$2) = $120k. You get $120k/$1M = 12% of return rate, indeed, just like in the video. However, If the call option that: "can use $100/share to buy the S&P in the next year" cost more than $2, say $6, then your call options give you $8-$6 = $2/share. Your $40k will become $40k*($2/$6) = $13.3k. You only get $13.3k/$1M = 1.33% of return rate. If the call options cost, say, $10 (very likely when everyone believes that the market will go up), then you get 0% of return rate.
yes, thank you Doug .. because as i was listening to Ramsey conversation with the lady that call about the IUL pol. she got, she was dismay knowing/hearing the adv. of Davey that she was ripe off with that IUL.. He said cancelled it and buy index fund. So bad to hear that. Good for us to learn from you. I am an Ins. life agent and this give me a strong feeling whenever I will do the presentation. Thank you so much for bringing this to public for their on good. Most important to people with IUL policy.
@@ecaldwell9I work with FFL I make 110 percent comp. Best decision ever I am appointed with 8 different carriers I can sell FEX, IUL ,UL accidental Medicaid Medicare dental vision etc. go to any of your local family first offices I am currently not hiring at the moment but it can change your life for sure.
The catch all phrase... “Structured properly….” Can you please show a video going through a “correctly structured” IUL …where are they invested if not in the stock market? If I may ask.
Thank you so much I've watch about 10 of your videos in the past few days. I've been doing as much research before I start a life insurance policy, what are some of your recommendations for the best life insurance companies?
Great question! More important than the carrier is having it setup correctly. If your IUL Professional doesn’t set it up correctly, the policy will suffer. If you need to chat with someone, you can speak with one of the IUL Specialists we work with here: www.3dimensionalwealth.com/getstarted
They explanation was very clear and the IUL seems like a no brainer… for the ALREADY wealthy. While I make a decent living at $130,000. I still can’t afford the monthly commitment.
It's more important that the policy is structured correctly, than which carrier you use. You'll want to work with someone who knows how to do that. If you need to speak to someone who understands these concepts, you can schedule a time to speak to an IUL Specialist we work with here: www.3dimensionalwealth.com/getstarted
Thanks for the support! Make sure to check out our playlist "Does IUL Work?" for more information! th-cam.com/play/PLF8af6gsBLfnuEQPmmm-YUM2fsk1wp4Nj.html&si=11qaiik_VICXCQm2
I am an electrical engineer. This was super confusing. I am starting my research on this subject and have watched about 2 hours of content and it still doesn't make much sense. It comes off as gimmicky as "velocity banking". I am keeping an open mind but it would be good to see some real numbers and clear examples.
Glad you reached out! See how the LASER Fund strategies can work for you by visiting our website (I3dimensionalwealth.com/getstarted) and setting up a meeting with an IUL Specialist. You can then begin to determine for yourself how these strategies will work for you and your particular set of circumstances.
If you had a choice and 15 years before touching your money would you choose a whole life policy with a guaranteed interest rate that pays dividends and jump start it with $30,000 or choose an IUL?
Love this information, I will definitely learn the ends and out of IUL. I have my life insurance license and I’m contracted with some of the biggest insurance carriers in the business. Thank you again.
It's a game changer for clients when you learn how to offer properly structured IUL's. Are you contracted with a good agency that supports you with product and business education? If not, I'd be glad to help you.
IUL sounds tricky because it may not perform as sold by the policy due to a fluctuating market also insurance companies can change the terms at will. I think with IUL the specific policy must be back tested to see it average returns and checked how often the company changed the terms year over year.
Started an IUL when i was 18 now im 21 and have almost 5 k on my IUL i average about 10% interest its nice just that the cost of isurance goes up each year because you get older
Also a con too is you cant take your money right away until you have 6 years with your policy and i know because i called the company and told me i cant get my money till i have 6 years with the policy
@@Depto228 dont know much but the cost of insurance goes up like 20$ each year plus the 25$ fee q month and the company im with is national life group suppose to be one of the top companies for insurance and its not the best
@@ElCOMPAEDDIE like Doug said, it depends on what company. However 6 years is still better than 40 years (starting at age 20) compared to 401k/IRA Roth IRA.
I also am a partner in a real estate holdiings LLC as the properties are all paid off..Lack of write offs is causing tax bracket to be too high.. Can an LLC invest in this for the partners?
Yes, an LLC or Trust can own a policy, there are many advanced tax/entity strategies available. If you would like to explore more how that works for your situation, select a time here and you'll speak to an IUL Specialist we work with. www.3dimensionalwealth.com/getstarted you can also call 385-257-2577
I keep hearing about how this policy needs to be structured the right way. What does that mean? I have a 250K policy and i pay 10k a year with long turn care at 4% am I on the right track?
I'm a life agent as well and I love IUL's. They are pretty much my main focus for tax-free savings and/ or retirement. Unfortunately IULs get a bad rap from many others in the financial industry. So I'm grateful for your videos and I will use them with clients when appropriate.
Great information, interesting topic. In Dave's defense, he's broadly speaking to folks who are just beginning to get their finances and debt in order. When someone is drowning you don't try to teach them a butterfly stroke.
Isn't the key here trusting that your agent knows how to "structure" the policy correctly? I'm guessing that most don't. I have a IUL that is loosing cash value as the cost of the policy has gone up. Am I missing something?
A wise man once said,,, invest in things that are easy to understand. Nothing about IUL’s are easy to understand. He’s struggling so hard to make it sound simple. Good luck all.
So what has your research and experience revealed? Was this a success or failure for you? Seems like those who found successes be lying by your take? Listening....
All of the negative replies are investment advisor reps and/or broker dealers/agents that are scared to death of losing clients to high cash value life insurance. He says it in this video, "the worst form of ignorance are those that poopoo on things they don't understand". Stupidity at its finest.
Why would other companies structure the fund differently causing it to align more with the description from the Ramsey article? How do you know when the fund is not properly structured?
So, what I am understanding here is that IUL has a fixed crediting rate of X% p.a. Whenever the customer chooses to link to the index, they would give up that X% for that year and the insurer will take that X% to buy a call option on the index. If the index goes up, the call option will be worth a lot and then the returns, minus the X%, will be what the customer gets. If the index goes down, the call option becomes worthless and the X% is lost. However, since the X% is just a year's interest on the principal, the principal amount has never been at risk.
just started chanting "Doug, Doug, Doug, Doug, Doug!" to myself- IUL specialist...Watched many of your videos when I first started and you are the guy who switched my focus from other Insurance products to IULs!
Thank you for the knowledge and for your soothing voice
Thank You! You're Welcome!
Thank you very much ! I recently took IUL from Nation Wide . But after hearing Dave Ramsey podcast, i thought i got scammed by agents. This is an eye opener. Very thankful to you for making this video Doug Andrew .
You absolutely got scammed
I'm studying for my life insurance license.
I look at most things unbiasedly, but after reading this article, I would never sell anyone this trash.
Google Peiffer Wolf universal life.
I'm from Singapore, and this is so valuable as the financial hub of South East Asia. We still mainly invest in the US markets, which are still subjected to US taxes. Some specific features differ from product to product, but the underlying principle is the same.
Only found out about you recently, looking forward to more of your videos and books!
I discovered you today and this is the second video I watch of yours, I am now a subscriber and loyal fan! Might I add, there's moments when you talk that remind me of the way Jim Rohn used to talk. :)
Wow!!! This was so dope. Thank you for sharing your knowledge about maximum payout IUL's in such detail Doug. This video was excellent!!! We might need to setup a petition to get you onto an episode of #EarnYourLeisure 🎓💰📈😎
Great video, easy to understand for any one of “average” intelligence. Besides, not understanding exactly how electricity works-for example-does not mean that in the dark would be wise. As an investor, I know IULs work very well when properly written. Throughout the years, it has performed way better than my mutual fund investments.
I have learned so much from you Mr. Andrews. I truly appreciate your your knowledge and experience in financial industry. I hope to be half of the life producer that you are. Awesome!!!!
Thank you Doug for this extremely easy-to-digest explanation of the IUL Policy. Very well delivered. I just received my Laser Fund book and can't wait to delve in. Please keep doing what you're doing. You are providing so much value to seasoned and new financial professionals. Much appreciated. -Win F.
Thank you, Doug, for this great information.! I love the fact that you are going through this page by page to show how IUL's really work.
I'm a financial advisor and I'm grateful that someone smart enough can explain this instead of listening to that Dave Ramsey nonsense... I can't say enough how many of my clients are happy and not going through heart attacks to have an IUL with the protection they have against the down market... Thank you Doug
You are most welcome!
Doug Andrew explains everything fully in this video! IUL is one of my top products. My clients love them and what it earns for them SAFELY as well
Hi Doug, I live in the UK. I wanted to know if this applies to the UK or strictly the USA, by the way, I tried applying for your book, and it will not ship to another country. Please kindly address this. Lastly, I want to say a big thank you for putting immense energy into explaining all this, this is an eye-opener, and the educational part of it all is unmatched, thank you!
I am am a HUGE fan of Doug now after watching the interview I saw with him talking about an IUL. Great Job Doug and please keep posting videos...
Read your book, study this stuff pretty often. Like the fire today and this explains why I’ve had such a negative reaction from financial pros on this subject. Feel like I’m just about at the point I could sell these products myself,ha.
Right on you for getting educated. There's no one more interested in your success than yourself!
@@missedfortunethank you
Started my IUL last year at 29, I don’t regret it. And my agent structured it properly and if I had any questions, he was there to answer everything in great detail
Awesome!
How’d you decide where to go to start a IUL and Howd you know the agent was going to structure it properly?
@@Casch44 I did my own research and kept asking questions along the way. My agent is awesome, he breaks down everything for me step by step so I can understand.
Hi, just wondering what insurance company you used?
Which insurance company sis you choose
Doug, thank you so much for this amazing video! I will order the book right now. I recently discovered the IUL, and I am super excited to open one. How can I get the answers to those 5 questions of yours? Would really want them:) THANK YOU!
Hey there, an IUL Professional can answer those questions for you. You can also find the answers in other videos on my channel. You can setup a time to speak directly to an IUL Professional we work with here: www.3dimensionalwealth.com/getstarted
Is there an updated version of the book? Or updated version of this video for 2024? This video is two years old. Great video too!
This video is packed with valuable information. I had questions and this video answered them! I am definitely get the laser fund book!
Glad it was helpful!
Hey there, you can setup a time to speak directly to an IUL Professional we work with here: www.3dimensionalwealth.com/getstarted
Great one as usual Mr. Andrew the only request why at the end of every new video u asked 5 questions that you would ask one of the haters can u put new questions at the end?
Thanks
Doug! You are a G for this! love the educational series and I'm a life license myself and you just boosted my conviction to be a part of this movement of IUL!
Thank you Charles!
@@missedfortune Doug can you set up my IUL? What insurance company do you reccomend?
@@4020E Hi Eric, I see you haven't received a reply. I'm glad to help you set-up an IUL just as Doug is illustrating. If you'll click over to my channel, my contact info is in the image in my cover picture. I look forward to hearing from you!
This makes absolute sense to me and why I think to provide nothing but IUL as a cashflow generation resource.
Thank you for re-educating everyone and the Ramsey team. "They don't know what they know!" (very respectful comeback!)
Thank you for tuning in!
Get financially educated from the CORRECT information. This guy Andrew ROCKS!!!!! MAKes complex subject more easier to understand in mainstream language NOT jumbo garbage like many financial advisors parrot from their companies.
I'm 30, Started my iul last year. My employer 401k already tanking but it's nice to see the iul growing steadily. I don't make much as construction is kinda slow but I'm glad to see the iul working regardless. Can't wait to utilize it a few years down the line as an emergency fund. Won't be caught empty handed like in 2020 ever again.
That’s amazing!
Who do you use? I met someone this weekend who told me about IUL , and I’m going to talk to his advisor soon..I’m skeptical
You do understand that your premiums are dicated by the company can change. Essentially its a subscription plan hidden under the term 'premiums'
@@Tkh21209 can you please explain a little bit more what you mean by this . Thanks
@@truckingwithab2411 easiest way to think about it is how netflix seems to be changing their basic subscription every two years the plans can do the same. The general rule of thumb is unless you are maxed out at your 401K and roth for tax advantage you shouldnt even be thinking about IULs. The tax deferring option with cash value due to buying "premiums" for life insurance does not outweigh a 401k and roth tax advantage. IULs make sense for people who cannot get group term life insurance through their job and can cram two policies into one but again after maxing out 401k and roth. For eexample I gave two group term life insurance from my job equalling to about 70 bucks a month for 2 million. IULs cannot give me such a deal for life insurance so fir me the life insurance portion means nothing. The argument here is that IULs carry over regardless of job situation but for me it does not apply since if I dont have a job I wont be able to afford the premiums of IUL. also in the back end you have to remember the agent selling you this policy the commission is tied to the premiums and not the cash value.
Watched the entire video. Exceptionally done. Oft times the Ramsey folks tend to lash out emotionally with extreme rhetoric when categorically dismissing ANY life insurance based strategy. Typically, emotional rants are a result of a lack of understanding, maturity, or the facts simply aren't on their side. In most cases, it is usually a combination of all of the above. Keep the great content coming, Doug! Thank you for this.
Thank you Brad!
I have noticed over the years that "the Ramsey folks [including his following] tend to lash out emotionally with extreme rhetoric" at anything that deviates in any way from his-and only his-system, which is treated as incontrovertible diktats.
I think _Total Money Makeover_ and _Financial Peace University_ are really good for what they are, but they are not the end-all be-all that they pretend to be, and the whole environment just gets a insufferable after a while.
Being from Tn. Dave Ramsey did hold a life and health insurance license. He had ownership in a magor insurance firm
I've been listening to the Dave Ramsey Show for over 20 years. I have heard his argument on this subject many times and it's not an emotional rant. He uses facts and logic. He knows more about it than most people who sell this junk. He has nothing to gain by telling people how different types of insurance work and recommending term life.
@@BC-jv8lq not true. He was a member of Primerica for a very short period of time. He didn't own an insurance firm. Get your facts straight.
I purchased a convertible term 500k policy years ago. Eventually it converted to an universal life policy with a face value of 100k. I’m about 65 years old and two of my insurance salesmen have died at an early age. The last salesman twisted my arm to buy it in the first place. I have about 5k of cash value, and pretty soon they will need to increase the premium just to keep the insurance in place. Pretty soon my cash value will be depleted to zero. How is that a good thing? Im thinking the insurance salesman was thinking only if his commission because in no way was it structured properly.
seems like the amount you had to dedicate to this instrument was not sufficient and you should have likely just had that in a roth or IRA
Thank you for this. I came here to see if it had any real people that could give their experience after many years of paying premiums. Sorry about your situation, but at least you can help others not make a poor decision
Yeah, well you got scammed! This is just a big scam...
Great great video Doug. I'm sharing it with my existing clients as well as prospects. I've recently started helping clients with IUL policies and they're surprised to find out about this wonderful opportunity to grow money tax free and with no risk. I work with 3 top rated companies that illustrate between 5.5 to 6.5%. You talked about 11 to 50% interest crediting. Very hard to find index options that are uncapped. Can you share which companies you work with? Thanks in advance
Very broad explanation. Do I need to tell the insurance company to link the percentage earnings or they do it automatically?. I just got to know about IUL.
For more information, make sure to check out our playlists where we have many videos just for learning more about IULs! th-cam.com/play/PLF8af6gsBLfnuEQPmmm-YUM2fsk1wp4Nj.html&si=8aB8ZsQNQxN6NuPy
I also recommend going to our website where you can meet with an IUL professional, get a copy of the LASER Fund, and do it all for FREE! 3dimensionalwealth.com/
Good video Doug. Im a fellow financial rep 35 years.
Thanks
BC
Thank you for this video! I am a life insurance advisor and I’ve helped so many retirees get a higher death benefit for the price by setting them up with an IUL instead of final expense. I was so confused when Dave Ramsey came out with that article. It felt like an article written by a troll instead of an intellectual.
Whoever wrote it clearly misunderstands the entire concept.
you may want to read an article by The White Coat Investor called "Debunking the Myths of Whole Life Insurance" (would post the link, but i can't)
So your selling trash
Preach! I'm learning so much from you. Thank you!❤
I have the same policy with a value of $200000. If it is invested and made more than the policy. in terms of return, like more than million, am I be able to withdraw/received a million??? Thank you for this wonderful video, I learned a lot by watching this. I subscribed to the channel and dropped a 👍 on this video. This is superb!
Hi Doug Andrew!
Great video!
I am from Argentina, I don't live in EEUU but I am very interested in this...
Do you have foreign clients? Can I access these well-structured insurances being from another country?
I am new to learning about IUL's. You say they are great if done right. Is there a particular insurance company that you recomment?
TransAmerica
Im so very new to all of this but you made it all so very clear. You mentioned over and over how the policy must be structured correctly but also mentioned how most agents don’t understand how this works. How do I know if I get a “well-structured” policy?
Its not too complicated, just want to make sure it is max funded based on the death benefit you have.
I am licensed and would be glad to speak with you and show you some correctly designed options for your case. Let me know if you would like to get in touch.
Hi Alicia, we work directly with professionals to train them on how to do this correctly. You can schedule a time to speak with one of them here: www.3dimensionalwealth.com/getstarted
We also have other videos that cover this question specifically: th-cam.com/video/qS0xt_pfEo8/w-d-xo.html
Anyone who wants to go forth an IUL or any other vehicles of investment must always go through a Financial Needs Analysis first before anything else
Hi Doug, you did an amazing job explaining this! I loved it and learned so much! I've had an IUL for 9 years now and see my money growing. I'm going to get your book to learn how to position it better. I would like to ask if the cash value in the IUL is added to the original death benefit in the end or is what David Ramsey says that we loose it true. Can you clarify or make a video about it? Thank you so much!!!
Your cash value is added to your death benefit if you dnt borrow it
Your cash value is part of what your insurance company would pay out. So let's say your policy has to pay out $1,000,000, well that death benefit would be made up of your cash value + the difference between cash value and the death benefit, otherwise known as the net amount at risk. This is the insurance you pay for. Then if you have any policy loans on the policy that amount is subtracted from the $1,000,000 death benefit
For example. You have the $1mm policy. It has $600,000 of cash value. So you'd have $400,000 of insurance your paying for. Then you loan $100,000 from your policy and then pass away.
The insurance company would pay $900,000 to your beneficiary.
@@missedfortune Is this for a level or an increasing IUL?
@@eldajpaz2103 Doug is describing an Option 1 level death benefit. With an Option 2 increasing death benefit the cash value would increase the death benefit. The carrier charges additional premium for that feature.
David C. Phillips J.D., CLU
Oh boy
Started my IUL at 40. I wish I started earlier. MAn you’re good. Thanks so much for your video.
Thanks for tuning in!
I’ve been doing my research about getting a IUL. Just curious which company did you go through?
Hi how long have you had your policy?
@@AuthenticleatriceI’m gonna sell through WFG until I create my own brokerage
Ramsey talks about getting out debt consumer debt that is. This is new level. And that is why rich get richer. Thank you for the value.
This sounds very good, but what if you are not into keeping up with the ups and downs of the market? Can the insurance Maximize your gains automatically or that’s not possible?
Loved it. But I would have understood more if it had animations or diagrams because he's a very complex topic yeah it's super important to understand
Very nice presentation with good explanations. Thank you, Doug.
Glad you liked it!
EXCELLENT VIDEO Thank you Doug Great info. I will make sure I share this video 🗽✅⭐🔥
I appreciate that
MY BRAIN ISNT EVEN BUILT LIKE THAT ...ITZ COMING ON AROUND TO BE ABLE TO SEAT THRO & ETC ...THANK UUU SOOOOO MUCH !! DAT WAZ GOOD !!!!! I WILL BE GETN THE BOOK ASWELL !!!
Leverage without liquidity is stupidity! This is where so many go wrong - great quote
Thank you!
Amazing Video!! Thank you!! I have been researching this IUL for the past few months. Never heard of it until it became popular on social media lol. Doug, Do you suggest any specific company's that know how to properly structure this?
Hey there, you can setup a time to speak directly to an IUL Professional we work with here: www.3dimensionalwealth.com/getstarted
If your annual gain is 12% and you pay 33% of gain taxes then your actual annual gain post taxes is 8%?!?!? (timestamp 6:30)
You pay gain taxes once, not every year!!!
A 100$ investment with 12% annual interest for twenty years will result in 964$.
After 33% gain taxes you are left with a net of 679$, which is a 10.05% annual interest and not 8%!!!
Didn't you learn math in high school?
Very good video thank you. I’m 60 can I still
get this type of insurance and also do I have to be in good health condition?
That’s a great question!
We would need to have a much more in depth conversation about your situation to see what’s possible. It depends on what types of health issues you’re facing. Good health is obviously preferable.
You can request a time to meet with an IUL Specialist here: www.3dimensionalwealth.com/getstarted
Hi Doug can you recommend someone I can pay to look at my IUL just to make sure it’s structured correctly. I appreciate your time and explanation.
I’m in the same boat. 4 years in and I feel like I’m good and 99% trust my agent but wanna know 💯
I recommend scheduling an appointment with one of the IUL Specialists we work with. You can schedule by visiting www.3dimensionalwealth.com/getstarted.
@@factshurt5362 I recommend scheduling an appointment with one of the IUL Specialists we work with. You can schedule by visiting www.3dimensionalwealth.com/getstarted.
So about the options trading part, how much is allocated ? Say 5% , was it 5% of the annual contribution or 5% of total cash values invested and keep scaling ?
One thing I didn't understand. What about the call option price?
If the call option that: "can use $100/share to buy the S&P in the next year" cost $2. When S&P goes up by 8%, call options give you $8-$2 = $6/share, your $40k will become $40k*($6/$2) = $120k. You get $120k/$1M = 12% of return rate, indeed, just like in the video.
However, If the call option that: "can use $100/share to buy the S&P in the next year" cost more than $2, say $6, then your call options give you $8-$6 = $2/share. Your $40k will become $40k*($2/$6) = $13.3k. You only get $13.3k/$1M = 1.33% of return rate.
If the call options cost, say, $10 (very likely when everyone believes that the market will go up), then you get 0% of return rate.
yes, thank you Doug .. because as i was listening to Ramsey conversation with the lady that call about the IUL pol. she got, she was dismay knowing/hearing the adv. of Davey that she was ripe off with that IUL.. He said cancelled it and buy index fund. So bad to hear that. Good for us to learn from you. I am an Ins. life agent and this give me a strong feeling whenever I will do the presentation. Thank you so much for bringing this to public for their on good. Most important to people with IUL policy.
I have a dual license, start my interview with farmers on monday, thanks for being the research that I need at this moment, master level
If u have a dual Lic - why not work at one of the firms he mentioned in this video?
@@ecaldwell9I work with FFL I make 110 percent comp. Best decision ever I am appointed with 8 different carriers I can sell FEX, IUL ,UL accidental Medicaid Medicare dental vision etc. go to any of your local family first offices I am currently not hiring at the moment but it can change your life for sure.
The catch all phrase... “Structured properly….”
Can you please show a video going through a “correctly structured” IUL
…where are they invested if not in the stock market? If I may ask.
Here is a playlist of what a properly structured policy can do: th-cam.com/play/PLF8af6gsBLfnuEQPmmm-YUM2fsk1wp4Nj.html
Just wondering.. what does insurance do with premiums and your money?
Best 39.02 minutes I've spent on TH-cam in a long time!!!!!
Thanks for tuning in!
@@missedfortune I just shared this with another Agent. We really need to expose these frauds they are ruining people out here!!!
Wow, finally, someone who understands IUL insurance..!
Thank you, Doug. Great and awesome video. Now it is clear for me. Some are saying that it is invested in bonds.
May I know your book please. Thank you.
The LASER Fund. You can order your copy at www.laserfund.com
Doug How did you client get 16% 25% 61% and 161%? my IUL max out at 16%. how did you get that? is it true? to get 25% and 61% how to get that?
An Absolutely Fantastic Presentation, Very Educational And Explained Perfectly 🙏🏽
Glad it was helpful! Make sure to watch more of the channel to learn more great information!
Is it worth investing in an IUL in NY where you are capped at 9.5%?
WOW, Doug went in. You have to because people may be paid to come after a system that gives people financial freedom. This is crazy
Feel your passion and appreciate your clarification. I heard you say cash value can be transferred after death
Thank you so much I've watch about 10 of your videos in the past few days. I've been doing as much research before I start a life insurance policy, what are some of your recommendations for the best life insurance companies?
Great question! More important than the carrier is having it setup correctly. If your IUL Professional doesn’t set it up correctly, the policy will suffer.
If you need to chat with someone, you can speak with one of the IUL Specialists we work with here: www.3dimensionalwealth.com/getstarted
you may want to read an article by The White Coat Investor called "Debunking the Myths of Whole Life Insurance" (would post the link, but i can't)
Will we get any fees incurred after 15 year IUL is paid off to maintain those index funds by insurance company or to maintain the policy ?
Don't put your money in anything you dont understand.
Doug just ethered the Ramsey team single-handedly 😂
They explanation was very clear and the IUL seems like a no brainer… for the ALREADY wealthy. While I make a decent living at $130,000. I still can’t afford the monthly commitment.
BTW. What does it mean to lock in gains on an IUL and reset? Thank you for this video! I was so shocked at the Dave Ramsey video. Whew!
Doug, you are a master at sales. I wish you would "take me under your wing."
Thank you! Head over to www.iulinsiderpro.com and join us for a webinar coming up!
Thank you for explanation this Dave. I got your free book and I have learnt a lot
What companies should i research to look further into the insurance?
It's more important that the policy is structured correctly, than which carrier you use. You'll want to work with someone who knows how to do that. If you need to speak to someone who understands these concepts, you can schedule a time to speak to an IUL Specialist we work with here: www.3dimensionalwealth.com/getstarted
Been waiting for Andrew to bring this to light. I never followed anything Ramsey said when it comes to IUL's...
Thanks for the support! Make sure to check out our playlist "Does IUL Work?" for more information! th-cam.com/play/PLF8af6gsBLfnuEQPmmm-YUM2fsk1wp4Nj.html&si=11qaiik_VICXCQm2
I am an electrical engineer. This was super confusing. I am starting my research on this subject and have watched about 2 hours of content and it still doesn't make much sense. It comes off as gimmicky as "velocity banking". I am keeping an open mind but it would be good to see some real numbers and clear examples.
Glad you reached out! See how the LASER Fund strategies can work for you by visiting our website (I3dimensionalwealth.com/getstarted) and setting up a meeting with an IUL Specialist. You can then begin to determine for yourself how these strategies will work for you and your particular set of circumstances.
@@missedfortunethank you. I will do so.
If you had a choice and 15 years before touching your money would you choose a whole life policy with a guaranteed interest rate that pays dividends and jump start it with $30,000 or choose an IUL?
Hey Doug do you have any recommendations for IUL professionals in Canada?
Hey Doug. How are insurance companies able to promise 4-5% returns no matter the market condition?
Love this information, I will definitely learn the ends and out of IUL.
I have my life insurance license and I’m contracted with some of the biggest insurance carriers in the business.
Thank you again.
It's a game changer for clients when you learn how to offer properly structured IUL's. Are you contracted with a good agency that supports you with product and business education? If not, I'd be glad to help you.
Good morning Doug, what insurance company you work with?
Several carriers. We have a complete matrix of carriers and products for IULInsiders.
What are some examples of legal reserve insurance companies that structure their IUL like Doug mentions?
Question: Who is paying the 10% yield though? The insurance company? Where is that coming from? Thanks Doug!
The insurance company buys options. When the option matures, they pay out the gains based on the cap/floor.
And who’s money are they using to buy these options if he’s saying it’s not the insurer’s money?
IUL sounds tricky because it may not perform as sold by the policy due to a fluctuating market also insurance companies can change the terms at will. I think with IUL the specific policy must be back tested to see it average returns and checked how often the company changed the terms year over year.
Started an IUL when i was 18 now im 21 and have almost 5 k on my IUL i average about 10% interest its nice just that the cost of isurance goes up each year because you get older
Also a con too is you cant take your money right away until you have 6 years with your policy and i know because i called the company and told me i cant get my money till i have 6 years with the policy
Some companies have different policies with liquidity. IUL can be structured with better liquidity than that
Do you know the expense ratio and account fees ? Hope you know what your actual payout will be.
@@Depto228 dont know much but the cost of insurance goes up like 20$ each year plus the 25$ fee q month and the company im with is national life group suppose to be one of the top companies for insurance and its not the best
@@ElCOMPAEDDIE like Doug said, it depends on what company. However 6 years is still better than 40 years (starting at age 20) compared to 401k/IRA Roth IRA.
I also am a partner in a real estate holdiings LLC as the properties are all paid off..Lack of write offs is causing tax bracket to be too high.. Can an LLC invest in this for the partners?
Yes, an LLC or Trust can own a policy, there are many advanced tax/entity strategies available. If you would like to explore more how that works for your situation, select a time here and you'll speak to an IUL Specialist we work with. www.3dimensionalwealth.com/getstarted you can also call 385-257-2577
It is about time to answer this questionable advice from Ramsey with facts. Thank you very much.
Glad it was helpful!
When you say "If YOU structure it properly..." does it mean WE as the clients do it ourselves or the company's people do it?
You can schedule here with one of our specialists that will structure this policy properly: 3dimensionalwealth.com/getstarted
I keep hearing about how this policy needs to be structured the right way. What does that mean? I have a 250K policy and i pay 10k a year with long turn care at 4% am I on the right track?
Awesome video! Great job explaining in more details Mr. Doug.
thank you, kindly!
First company to come out with Indexed Universal Life was ING eh? How did that turn out?
I'm a life agent as well and I love IUL's. They are pretty much my main focus for tax-free savings and/ or retirement. Unfortunately IULs get a bad rap from many others in the financial industry. So I'm grateful for your videos and I will use them with clients when appropriate.
Thanks for tuning in!
What companies do you contact for these types of insurance
@@josec.santana9642 If you're asking which carriers I use for IUL's, usually F&G.
@@terryhypnogurl8511 Can this company structure the policy the way Doug Andrew explains it?
@@PastorScottHinton Yes, absolutely.
Great information, interesting topic. In Dave's defense, he's broadly speaking to folks who are just beginning to get their finances and debt in order. When someone is drowning you don't try to teach them a butterfly stroke.
Isn't the key here trusting that your agent knows how to "structure" the policy correctly? I'm guessing that most don't. I have a IUL that is loosing cash value as the cost of the policy has gone up. Am I missing something?
Whaaaat how is it losing cash value???
I scheduled a call monday @ 11:30 I hope I can speak to you. awesome video keep grinding great break downs.
A wise man once said,,, invest in things that are easy to understand. Nothing about IUL’s are easy to understand. He’s struggling so hard to make it sound simple. Good luck all.
Agreed. If its too good to be true theres underlying underwriting that will screw you
So what has your research and experience revealed? Was this a success or failure for you? Seems like those who found successes be lying by your take? Listening....
@@kane551014 failure the premiums are locked in for 1 year only and no guarantee of lower cap in underwriting
Took a lot of scrolling to find a comment from someone who wasn’t an insurance broker 🤣
All of the negative replies are investment advisor reps and/or broker dealers/agents that are scared to death of losing clients to high cash value life insurance. He says it in this video, "the worst form of ignorance are those that poopoo on things they don't understand". Stupidity at its finest.
How does an IUL credit 65% plus? I’ve seen on average a 12% cap on a yearly point to point
Wow! What a lecture1Great job Doug.
Thank you!
Thank you for the video. I am the fan of IUL. I listen to your first video back in 2008 when we talking about Asset Optimization
Thanks for watching and thanks for your continued support!
So glad I found you Doug! You’re changing my life man!
Happy to help!
Gonna watch these until it makes sense
Why would other companies structure the fund differently causing it to align more with the description from the Ramsey article? How do you know when the fund is not properly structured?
Has anyone told you, you sound like Skip Bayless.... great video non the less.
So, what I am understanding here is that IUL has a fixed crediting rate of X% p.a.
Whenever the customer chooses to link to the index, they would give up that X% for that year and the insurer will take that X% to buy a call option on the index.
If the index goes up, the call option will be worth a lot and then the returns, minus the X%, will be what the customer gets.
If the index goes down, the call option becomes worthless and the X% is lost.
However, since the X% is just a year's interest on the principal, the principal amount has never been at risk.
Thank you for the great video. Much blessings to you.