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 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
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!
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.
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 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.
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.
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 so much for wisely explaining about IUL sir. I purchased It last month with some wondering but now I gained more confidence. I will share your video to some of my friends who are still struggling to understand about IUL👏👏👏👏
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. :)
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.
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 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
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.
@@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.
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.
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
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 🎓💰📈😎
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 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.
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
This is one of the best videos I've ever viewed in my entire life and I've worked in finance. Truth be told, even in finance there are things they just don't teach you. Thank you Sir.
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?
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/
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 !!!
IUL's will typically be funded with after tax dollars. So stock wont "transfer" into an IUL. You'd need to liquidate the stock, pay any taxes and what's left could be used for funding if it makes sense in your set of circumstances.
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
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
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
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
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 ?
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.
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?
I am so so glad you finally addressed this Doug. Me screaming at the top of my lungs doesn't work because I am not established. BUT oh my goodness. Dave Ramsey and team are hurting people by continuously bashing IULs. You bring the TRUTH and CREDIBILITY. If people are not listening to you they are foolish. But you are right. They don't know what they don't know. I just appreciate you so much. Thanks for doing what you do in the most professional and honest way possible. EVERYONE SHOULD BE SUBSCRIBED TO YOUR CHANNEL! #laserfund #IUL #DaveRamsey #SMH #DougAndrew #TrueProfessional
@@exploringtruthnow do you have any specific examples of anything written that is not factual? (Also, I agree with the writer and I have a Bachelor's in Finance and the CFP®, so I am not sure what you mean by him needing "some school")
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.
Universal Life of any type is annual term insurance that is automatically renewed every year. If it is not setup properly (super expensive for what you get) it will eventually eat up the cash value that you borrow, not withdraw. This means you pay it back with interest. If you don't, they take it from the death benefit.
Why did you surrender the policy? I'm sure it was unintentional, but you shouldn't have to surrender a "permanent" policy. The surrender fee is only realized in that exact scenario. Its not an actual 'fee' that you pay for, except in the instance that the policy is surrendered.
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?
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
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.
Hi Doug, I have a few WL policies with Northwestern Mutual. I’m ok with the policies but am not a huge fan of the 8% rate on policy loans. Do you have any recommendations for me and is it possible to transfer my cash value/policies to IUL? The 8% policy loan rate seems high no?
It always makes sense to look at the numbers and see what's possible for your situation. You can setup a time to meet with an IUL Specialist we work with here: www.3dimensionalwealth.com/getstarted
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.
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.
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
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 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!
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?
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
I read Ramsey's article and he never said the IUL actually invest in the market. he says, and I quote, n IUL ties the cash portion to one of these index funds. That means it is linked not actually invested.
Which mutual company would you recommend for an iul? Can't do alot of funding as im only a police men and wife takes care of the kids... I would just want to start something for my kids.... any help???
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?
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.
He is scamming you...
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!
@@missedfortune scammer
term life insurance will do the same...
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!
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.
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 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.
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!
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
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.
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
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 so much for wisely explaining about IUL sir. I purchased It last month with some wondering but now I gained more confidence. I will share your video to some of my friends who are still struggling to understand about IUL👏👏👏👏
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. :)
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...
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!❤
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!!!
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!
Good video Doug. Im a fellow financial rep 35 years.
Thanks
BC
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
This makes absolute sense to me and why I think to provide nothing but IUL as a cashflow generation resource.
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.
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 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...
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 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.
Wow, finally, someone who understands IUL insurance..!
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
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
Leverage without liquidity is stupidity! This is where so many go wrong - great quote
Thank you!
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 🎓💰📈😎
I am an agent with less than one year of experience. And I am glad to be able to correctly answer the 5 questions :)
I invite you to visit www.iulinsiderpro.com to learn more about training/mentoring/education for licensed professionals.
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!
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.
Don't put your money in anything you dont understand.
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
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?
Great. Do the same math with the same numbers for an IUL with the information you just learned.
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
This is one of the best videos I've ever viewed in my entire life and I've worked in finance. Truth be told, even in finance there are things they just don't teach you. Thank you Sir.
Yes, me too.
You are welcome!
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???
So glad I found you Doug! You’re changing my life man!
Happy to help!
Gonna watch these until it makes sense
Very nice presentation with good explanations. Thank you, Doug.
Glad you liked it!
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 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/
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 !!!
Hi,
I have stock and would like to know if there is a way to transfer stock into a properly structured IUL policy? Help
IUL's will typically be funded with after tax dollars. So stock wont "transfer" into an IUL. You'd need to liquidate the stock, pay any taxes and what's left could be used for funding if it makes sense in your set of circumstances.
@@missedfortune Thank you sir.
Is it worth investing in an IUL in NY where you are capped at 9.5%?
Just wondering.. what does insurance do with premiums and your money?
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!
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
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.
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
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
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, 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
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
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 ?
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!
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.
We would love to see an Andrew vs. Dave podcast!!
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?
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!
I am so so glad you finally addressed this Doug. Me screaming at the top of my lungs doesn't work because I am not established. BUT oh my goodness. Dave Ramsey and team are hurting people by continuously bashing IULs. You bring the TRUTH and CREDIBILITY. If people are not listening to you they are foolish. But you are right. They don't know what they don't know. I just appreciate you so much. Thanks for doing what you do in the most professional and honest way possible. EVERYONE SHOULD BE SUBSCRIBED TO YOUR CHANNEL! #laserfund #IUL #DaveRamsey #SMH #DougAndrew #TrueProfessional
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)
@@blakepokley7 whoever wrote that needs some school .. lots of sky is falling talk that are not factual !
@@exploringtruthnow do you have any specific examples of anything written that is not factual?
(Also, I agree with the writer and I have a Bachelor's in Finance and the CFP®, so I am not sure what you mean by him needing "some school")
It's overwhelming and it's hard to make money without any to start 😢
Buy term life insurance & invest the difference in no load mutual funds.
Awesome video! Great job explaining in more details Mr. Doug.
thank you, kindly!
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
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?
fyi Doug explains the word "indexing" at 23:00
Universal Life of any type is annual term insurance that is automatically renewed every year. If it is not setup properly (super expensive for what you get) it will eventually eat up the cash value that you borrow, not withdraw. This means you pay it back with interest. If you don't, they take it from the death benefit.
I would like to know what "properly structured" means. Also, "max-funded"?
What are some examples of legal reserve insurance companies that structure their IUL like Doug mentions?
Wow! What a lecture1Great job Doug.
Thank you!
How abot the fee when you surrender your policy ? We got hit by roughly 50% deduction so-called "fee" on the surrender value.
Why did you surrender the policy? I'm sure it was unintentional, but you shouldn't have to surrender a "permanent" policy.
The surrender fee is only realized in that exact scenario. Its not an actual 'fee' that you pay for, except in the instance that the policy is surrendered.
EXCELLENT VIDEO Thank you Doug Great info. I will make sure I share this video 🗽✅⭐🔥
I appreciate that
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?
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
Thank you for explanation this Dave. I got your free book and I have learnt a lot
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.
Where do we find someone who knows how to structure a policy correctly? I’m ready to do this but dunno where to go. Can anyone help?
I just replied to another comment of yours, but here's the link again: www.3dimensionalwealth.com/getstarted
Hi Joe, are you still looking for guidance on this? Would be glad to go over options with you and can show you optimal designs
How does an IUL credit 65% plus? I’ve seen on average a 12% cap on a yearly point to point
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 ?
Question so if the money isn’t invest in any type of asset how does it appreciate in value? Every asset class I can name goes up and down in value.
We link the asset, or cash value, to the market through a strategy called indexing. We get to take the upside growth, without downside risk.
Hi Doug,
I have a few WL policies with Northwestern Mutual. I’m ok with the policies but am not a huge fan of the 8% rate on policy loans. Do you have any recommendations for me and is it possible to transfer my cash value/policies to IUL? The 8% policy loan rate seems high no?
It always makes sense to look at the numbers and see what's possible for your situation.
You can setup a time to meet with an IUL Specialist 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)
Oh you got to Cancel that lol
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.
Feel your passion and appreciate your clarification. I heard you say cash value can be transferred after death
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.
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)
Doug just ethered the Ramsey team single-handedly 😂
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
What happens to the cash in the investment account when the policy holder dies?
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!
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?
Do you mind if I post your videos on my website (w/credit)
As long as its linked to TH-cam, thats not a problem! Thank you!
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
i have nothing as of right now. should i get 401 first?
Hey Doug do you have any recommendations for IUL professionals in Canada?
I read Ramsey's article and he never said the IUL actually invest in the market. he says, and I quote, n IUL ties the cash portion to one of these index funds. That means it is linked not actually invested.
Which mutual company would you recommend for an iul? Can't do alot of funding as im only a police men and wife takes care of the kids... I would just want to start something for my kids.... any help???
Hey there, you can setup a time to speak directly to an IUL Professional we work with here: www.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?
How much does that one year term life policy cost at age 75-80-85-90?? Is that policy paid in a lump or paid over many years?
It would cost way too much money u would be better off with a whole life for seniors, one is called Living Promise from Mutual of Omaha