IUL - Indexed Universal Life - Social Media
- 2023 1206 - I.C. Life / Michael Anthony Garcia - IUL AS A RETIREMENT VEHICLE??? THE DEBATE IS ON! GET TWO IN-DEPTH PERSPECTIVES ON THE IDEA! - [Bryan Jarrell] - https://www.youtube.com/watch?v=cXIwxmIX1LU
- Description: Bryan Jarrell and Michael Anthony Garcia have an in-depth discussion on IUL as a retirement vehicle. Is it a good idea? Or just good marketing? They debate the arguments for and against the idea. If you are looking into the - Coul idea or have an agent trying to convince you to redirect your 401k contributions, this is a must watch as we cover the things your agent won't tell you.
- 10 - Bryan Jarrell
- Bryan Jarrell - Target Premium / Increasing Death Benefit
- 12 - Bryan Jarrell - loans
- 17 - Bryan Jarrell - LIRP - 6-8% -
- 28 - Michael Anthony Garcia - Nationwide - Shame on you
- 31 - Michael Anthony Garcia - Illustrations are BS
- - Michael Anthony Garcia - Nationwide - #1 Selling IUL
- - Michael Anthony Garcia - Company could drop Cap Rate to 3.1%
- 40 - Michael Anthony Garcia - - lapse, tax consequences, not going to work
- 41 - Bryan Jarrell - COI is minimal - lowest fee of the policy
- 49 - re: Bobby Samuelson
- 50 - Bryan Jarrell - 1035s to new IUL
- 52 - Bryan Jarrell - Companies want policies to lapse, they make money
- 53 -
- 53 - Michael Anthony Garcia - IUL as a Retirement Vehicle
- 55 - 401ks
- 56 - Bryan Jarrell - Insurance Laws always Grandfathered, tax laws, capital gains,
- 59 - Bryan Jarrell - Comdex, right company, F&G - not right company
- 01:02:00 - Michael Anthony Garcia - LIRP, 72t - SEPP
- 01:13:00 - Bryan Jarrell - big rates of return
- 01:13:00 - Michael Anthony Garcia - IUL being sold as a retirement
- 01:13:00 - Michael Anthony Garcia - Primerican
- 01:17:00 -
- 01:26:00 - FIAs - No regulation - Athene, Silac
- 01:26:00 - Bryan Jarrell - Agent Retention - 92%
- 01:28:00 - Chris Kirkpatrick - IUL Challenge
- Whole Life outperforming?
- - Market Risk vs Cost
- 01:33:00 - 1035 - Only leverage the consumer has
- caps -- new business vs old business, new companies vs old companies
- - table rating increases, coi rates, corridor
- IUL for IBC
- - find history of IULs is hard
- loans
- :39 - re: David McKnight
- :40 - Permanent Death Benefit - Whole Life, GUL
- IUL is not meant for Life Insurance
- 2016 0221 - Half_r_mk5 - CTV News Toronto - The bad side of Universal Life Insurance - [VIDEO-YouTube-02:55]
- 1988 - purchased Universal Life - thought Premiums that would stay the same. paid up after 10 years. Vanishing Premium. money was being taken from the cash portion of his policy, now it is all gone, the insurance told him talk to the agent who sold him the policy,
- 02:15 - Spokesperson from Transamerica said - "Transamerica is committed to helping our customers achieve peace of mind and financial security through various insurance protection solutions. This requires that coverage be maintained according to the terms and conditions of individual policies." -- Suzzette Chapman - Transamerica Life Canada
- Comments:
- @shavkats7131- 5 years ago - If you do your compliance training regularly, then you know that policies issued over 20 years ago probably were based on different market assumptions and therefore need to be reviewed by a financial professional. This applies to all financial strategies and goes without saying. That's first of all. Second of all, the video presents only the point of view of the consumer. It says nothing about the contract. For instance, I would like to see if the he was making the guideline payment or just the minimum payment (I suspect it was the latter). Lesson learned: always do annual reviews. When approached by a financial professional, do not dismiss him by saying "I am all set". That's just dumb.
- @MonroeRuiz - 5 years ago - "I would like to see if the he was making the guideline payment or just the minimum payment (I suspect it was the latter)."
- ---That's the same justification mortgage lenders or loan officers used when selling IO ARM loans during the housing bubble and blaming the borrower for only making the 1% IO payment