Episode 365: Retirement Savings Sabotage! Why 90 Percent of IULs Fail… and What To Do

Not Your Average Financial Podcast™

In this episode, we ask:

• Are we in a retirement crisis in this country?
• How was that agent trained?
• What is the problem with indexed universal life insurance (IUL)?
• Have you read the book Becoming Your Own Banker by Nelson Nash?
• Would you like to hear Episode 312?
• Have you read Pamela Yellen’s book The Bank on Yourself Revolution?
• What did the estate planning attorney say?
• What was on the Comparing Life Insurance Solutions document (see readable image of document below)?
• Have you been tricked?
• What’s in the fine print?
• What about withdrawals?
• Can you put money back into an IUL after a withdrawal?
• What is the main purpose of a life insurance company?
• What about the investment portfolio?
• What do insurers make on their overall portfolio?
• What types of investments are in the insurer’s portfolio?
• Who believes 7%?
• What is mathematically impossible?
• What rate of return is legally shown on the statements?
• Is there such a thing as an average rate of return?
• What will the insurers do with an IUL contract?
• Do you remember the Fast and the Furious, etc.?
• What happens if you take a loan from an IUL and the market crashes?
• What is the feature?
• What about the insurance expenses?
• Why is that IUL cash value shrinking?
• Why does the cost of insurance go up every single year in an IUL?
• What about tax-free loans with an IUL?
• What happened to the IUL writing agent?
• How much are you taking out each year to supplement your retirement?
• How many years are you getting 0 on your index?
• Do you have income to pay down the IUL policy loans?
• What adds to the pressure?
• What happens to 88% of IUL policies?
• How many IUL policies pay a death claim?
• What if your IUL policy lapses with gains inside of the contract?
• How long do you have to pay the taxes?
• What is the over loan protection rider for those age 75+?
• What about properly set up permanent dividend paying whole life insurance, from a mutual insurance company that offers non-direct recognition loans?
• What is true?
• What happens if you totally ignore the policy loan?
• When does a policy risk lapsing?
• What about flexibility?
• How about a thought exercise, a tale of two contracts?
• What happens when you’re in your in your eighties and can’t pay the higher premiums?
• What are the guarantees in IUL?
• What are the guarantees in whole life?
• What is annual renewable term insurance (ART)?
• What about costs?
• What are the differences?
• What are the limits of an IUL?
• What is a reduce paid up policy (RPU)?
• Can one RPU an IUL?
• What about the strength of dividends?
• What should this document say about whole life insurance?
• What is the cost basis?
• What about the rules for policy loans?
• Why the ommissions on the IUL side?
• What is a stalwart of several centuries of financial stability?
• What is the big experiment of modern times?
• What almost never pays a death benefit?
• What about the gains being taxable?
• What about the tax implications for beneficiaries of IUL policies?
• What is the 1035 exchange?
• Can one 1035 exchange from an IUL into a whole life policy?
• Who’s in your corner to help you navigate and interpret all of this jargon?
• Would you like to meet with Mark or one of Mark’s colleagues?