2023 1129 – LIFE180 / Chris Kirkpatrick – Curtis Ray | MPI vs Whole Life| REACTION – [Garrett Gunderson]

  • 0 – Curtis – 20% Dividend in the 1980s? – [Bonk: True or False?]
  • 0 – Chris – Highest Dividend I’ve ever seen is like 14.5%
  • 1 – Curtis – Your Own Bank, Commissions,
    • Chris – New York State – 90, top 99%, IUL – 165%
  • 2 – Garrett – Made up terms,  IUL 2.0, Secured Interest Account, MPI
  • 3 – Interest rate vs dividends
  • 4 – Guarantees, Credits against S&P – Don’t worry about the guarantees
  • 5 – MPI uses Mutual of Omaha in most situations
    • Cap Rate – 
  • 5 – [Bonk: P1P2]
  • 6 – Chris – This idea is never going to work long-term
  • 6 – 6-8%, Garrett – how many times would you have to get 8, 9 or 10 to get 8
  • 8 – Interest Rates – up, down, neutral, Look back vs future, variables, levers… LIRP, options budget, Cap Rate,
  • 11 – Chris – WL will outperform IUL in the next 10 years.  potential performance vs actual performance, 
  • 12 – loan arbitrage – it doesn’t work that way
  • 14 – relock feature, loans, 
  • 17 – Garrett – Poof – Which number do you like better?
  • Chris – If this were possible, then there would be no other investments in the world.
  • 19 – Garrett  – Florida, Homestead Act. you are going to jail, Shame on you Mutual of Omaha.
  • 22 – Garrett – Fabricated Bullshit, Unicorns and Rainbows Fairytales, Young kid is going to to destroy many lives including his own. This is real people. the damage not talked about. spending optimism. 
  • 24 – Garrett – This is Snake Oil – Hope without reality