Classic ChrisK, keep educating these “just stopped waiting table got my life license yesterday agents “ that have ABSOLUTELY NO FREAKING IDEA HOW THESE WORK 🤦♂️
IULs, like whole life insurance, have their appropriate uses depending on the situation. You have numerous videos praising whole life insurance while criticizing IULs, but that’s like saying, 'Only use hammers; screwdrivers are useless.' The reality is, you wouldn’t use a screwdriver to hammer a nail, just like you wouldn’t use a hammer to drive in a screw. Different tools serve different purposes, and the same goes for financial products
You're correct, IUL has a use case, but it's not for cash value usage the way everyone sells it. That's the problem. I have videos on this too....it's not my fault you haven't seen them. In addition, I have videos warning against poor whole life usage, as well.
@@UnveiledOdyssey love it. If you want another opinion on design, you can reach out: life180.com/clarity-call. Also, check out the Master class playlist.
However what if it almost doubles the 7 percent 5-10 of those first years? Does that mean it was a bad investment ? Because you are taking a hypothetical as well so you don’t know if it will be 3.3 percent over 20 years that’s a hypothetical too.
I got 11 percent my first 2 years and pushing 8 percent in year 3 so what I’m saying is if I had put in that 150,000 the client in question put in mind you. I am younger by 30 years and my fees yearly are lower than his are I would be up. So again we know pigs don’t fly but we also know the reason you are against the IUL is because you are conservative and that wouldn’t be your type of risk. Who is the risk for you aren’t answering the question?
@@cmack5215That would depend on what you are using it for. Again if you want life insurance that’s cheap and you invest in other places you need a term. If you need coverage for your whole life get whole and get it young. If you want some access to s&p and need access to funds outside of a retirement account you can use an IUL.
@@cmack5215 My question would be if it’s a big risk isn’t it equally a risk to have your money in the stock market ? Especially in a tax deferred account?
Loved it! Nicely explained. Your clarity and depth really made the content resonate. Keep up the great work!
Classic ChrisK, keep educating these “just stopped waiting table got my life license yesterday agents “
that have ABSOLUTELY NO FREAKING IDEA HOW THESE WORK 🤦♂️
It's craziness man! Wait til tomorrow's video 😳
Glad you shared this. I agree that I’m not going to add that much more risk for the chance to maybe earn 0.50+ more. For me it doesn’t make sense.
Actually in a he Option A DB he is funding to the 7-pay limit. The guideline limit on this is probably like $20k
Really I’m really proud of you and work together 👍🏼👍🏼
IULs, like whole life insurance, have their appropriate uses depending on the situation. You have numerous videos praising whole life insurance while criticizing IULs, but that’s like saying, 'Only use hammers; screwdrivers are useless.' The reality is, you wouldn’t use a screwdriver to hammer a nail, just like you wouldn’t use a hammer to drive in a screw. Different tools serve different purposes, and the same goes for financial products
What's your use for a iul than ?
Retirement?
You're correct, IUL has a use case, but it's not for cash value usage the way everyone sells it. That's the problem. I have videos on this too....it's not my fault you haven't seen them. In addition, I have videos warning against poor whole life usage, as well.
I would also ask....you just make this comment, but you don't respond to the facts given in the video 🤔. Why is that? 🤔🤔🤔
In what world would you like to convince me that IUL is a better tool than whole life? That's my question?
Thanks for the information brother. I always preferred WL over IUL anyways
And that’s assuming best case scenario… that illustration won’t perform and the IRR will even be lower
For sure! Wait til tomorrow. I did a review of the Nationwide policy you shared. CRAZY STUFF
@@LIFE180 I have a 10 year inforce from NLG & 7 year INFORCE from midland national.. if you’d like to see them
What’s your take on participating whole life policy , planning on getting one as a 23 year old and thinking on paying it in 20 years
@@UnveiledOdyssey love it. If you want another opinion on design, you can reach out: life180.com/clarity-call.
Also, check out the Master class playlist.
I would like to drop my IUL. i think it is too expensive. May I reach out to you?
For sure. You can email Chris@LIFE180.com or go to LIFE180.com and scroll down to set up a call.
LIFE180.com/clarity-call
However what if it almost doubles the 7 percent 5-10 of those first years? Does that mean it was a bad investment ? Because you are taking a hypothetical as well so you don’t know if it will be 3.3 percent over 20 years that’s a hypothetical too.
@@JojoRichards2005 did you just say, "what if it doubled"??? 🤣🤣🤣. That has NEVER happened. What if pigs flew?
I got 11 percent my first 2 years and pushing 8 percent in year 3 so what I’m saying is if I had put in that 150,000 the client in question put in mind you. I am younger by 30 years and my fees yearly are lower than his are I would be up. So again we know pigs don’t fly but we also know the reason you are against the IUL is because you are conservative and that wouldn’t be your type of risk. Who is the risk for you aren’t answering the question?
@JojoRichards2005 Do you want to take a big risk with your life insurance policy is what I would ask.
@@cmack5215That would depend on what you are using it for. Again if you want life insurance that’s cheap and you invest in other places you need a term. If you need coverage for your whole life get whole and get it young. If you want some access to s&p and need access to funds outside of a retirement account you can use an IUL.
@@cmack5215 My question would be if it’s a big risk isn’t it equally a risk to have your money in the stock market ? Especially in a tax deferred account?