2024 0824 – BetterWealth – DEBATE: Whole Life VS IUL – Which Permanent Life Insurance is Better? With ‪@LIFE180‬ & Terry Rocks – [YouTube-01:34:19]

  • 2 – Terry – MoneyTrax – UL = You Lose, VUL = Very Likely Lose
  • 2 – 
  • 4 – Life Insurance Company 
  • Terry – Corridor – Didn’t know what this was until a few years ago.
  • Terry – Can’t say Guaranteed Paid Up – Regulations, but…that’s what it is
  • 12 – Terry – Life Insurance as a Roth IRA Alternative
  • 12 – Terry – Life Insurance creating Income – IUL
  • …
  • 13 – Chris –
  • 14 – Cow College – Mentorship Program – Don Blanton – 
  • rising costs
  • ……..
  • – lapse
  • 27 – Mortality
  • – Reduced Paid Up (RPU)
  • 1980a – increase cois, ul, overselling performance
  • 30 – nar, coi, 
  • how companies make money – coi – 
  • 32 – corridor, actively managed – 
  • 35 – iul needs a lot of maintenance – sophisticated clients
  • 35- all my personal wealth is in the market
  • wl will outperform the market
  • 37 – iuls need active management
    • Regulation
  • 38 – pitch for iul – train wreck – lapse – 95% – 50% 
  • 39 – life insurance – bad reputation – carriers don’t care – just bring in the money
  • iul – vul – poorly structured
  • 42 – as long as i pay my premium
    • partner with mutual company
    • liquid accessible capital
    • semantics
    • 44 – people say – do what ray kroc, walt disney did
  • 46 – [Bonk: what companies are they talking about?]
    • Ohio National-? – demutualization 
  • 48 – leadership, bobby samuelson, company, demutualization, contracts, caps. culture,
  • 53 – A-Z – Allianz-?
  • 55 – my bs radar – [teaser rate]
  • levers – 
  • 57 – smoke and mirrors
  • 58 – mlm, people are going ro get hurt – regulations – regulators
  • infinite banking – regulators were going to shut down infinite banking, arbitrage, 
  • 102 – everything can change – 30 years – income stream 65-85, volatility buffer
  • 107 – tiktok 
  • 110 – company reinvestment risk
  • 117 – iul – minimum premium / wl – apl
  • 118 – iul needs active management
  • smoke and mirrors
  • who is right, who is wrong