Affinity Life

  • 2023 0607 - Affinity Life - Insurance MLM's Under Investigation by FSRA-They're BUSTED Now! - [VIDEO-YouTube-14:31]
    • [Bonk: Add: Report - 2022 0928 - FSRA - CCIR cooperative MGA-focused thematic review - Consolidated observations report  ---  [link]  ---  30p
    • 12:00 - it's the Wild West for the last 20, 30 years
    • Nobody wants to take accountability
    • 4 issues
      1. Rapid Growth
      2. Sale of Complex Products by Agents
      3. Concerns with Agent Training
      4. Lack of Agent Oversight
  • 2023 0407 - Lyoness: The Dragon's Den Pyramid Scheme | Multi-Level Misery - Always Marco - [VIDEO-YouTube-59:35]
    • 39 - greatway - training - don't call it insurance
    • 42 - makes all insurance companies / agents look bad. iul  / term
    • agent knowledge, failure rate, iul, lapse, garbage
  • 2023  0413 - Affinity Life - Primerica Review (Honest and Unbiased) - [VIDEO-YouTube-13:59]
    • Likes Primerica better than WFG
      • Primerica = Term
      • WFG = IUL
    • BTID
    • Products are Garbage, Expensive
    • Not the Worst Company, not the Best
  • 2023 - Affinity Life - Is Infinite Banking A Scam? - Infinite Banking Debate - [With Life180 - Chris Kirkpatrick] - [VIDEO-YouTube-01:03;10]
  •  - Affinity Life - What is the Difference Whole Life VS Universal Life (Canada) - [VIDEO-YouTube-12:38]
    • Whole, Universal, Permanent
    • Estate Planning
    • [LIRP] - VIDEO - Affinity Life -  
    • 2 - Whole Life -
      • Par / Non-Par, Dividends, PUAs-Paid Up Additions, Enhanced Additions, Cash Surrender Value = Home Equity / Line of Credit / Policy Loans, Cancel Policy
      • Advantage of Whole Life - Simple, Guaranteesd, Don't need to manage it, Paid Up, Different Payment Periods, 8-pay, 10-pay, 20-pay. 
      • Disadvantages of Whole Life - Can be more expensive than Universal Life
    • 6 - Universal Life Insurance
      • Unbundled,
      • 2 parts
        • COI - Cost of Insurance - 2 types
          • YRT - 
          • Level Premium - 
        • Investment Account
      • 9 - Theory of Universal Life - 
        • Can be cheaper than a Whole Life
        • Tax-exempt
        • use investment account to pay for 
        • No Guarantees
        • [Performance]
      • Downsides
        • 10 - 90% of Agents quit the business in 5 years. Do not rely on the agent helping you. - [Orphans]
      • Who is right for?
        • Sophisticated Investor,