Episode 372: The IUL Illustrations are Illusions

Not Your Average Financial Podcast™

In this episode, we ask:

• Why do indexed universal life policies (IUL policies) sales continue to grow?
• Why do we choose whole life insurance over other products?
• What about the refractor?
• How much risk are you comfortable taking with money you’re not willing to lose?
• Where are you on the risk scale (1-10)?
• How is permanent insurance different from term insurance?
• Would you like to hear Episode 371?
• What about the reliability percentage?
• Will it be enough to stay in force?
• Which chart would you pick?
• Is Mark willing to take that risk?
• Do IUL policies have a fixed and guaranteed premium?
• …What do you think happens?
• What is the basic definition of insurance?
• Can the policy itself support underfunding?
• What is the illustration beauty contest?
• Who wants the attractive impossibility?
• Who wants the certainty that efforts will yield results?
• How about a real-life example?
• How does universal life insurance really work?
• What about the Monte Carlo simulation?
• What control does the policy owner have?
• What is the problem of volatile returns?
• What percentage showed a successful outcome?
• What percentage showed a failing outcome?
• Was she sold a pack of lies?
• What what would the whole life premium be?
• What can change in an IUL contract?
• Is the cost of insurance the same?
• What does all of this mean?
• Is this a poorly conceived product?
• Are the IUL illustrations realistic?
• Can you unwind this when you’re 30 years older?
• What about co-authoring success?
• How might it bring financial freedom?
• Would you like to meet with Mark?