2023 1128 - LIFE180 - The Shocking Truth About Indexed Universal Life Insurance Revealed
- 2023 1128 - LIFE180 / Chris Kirkpatrick - The Shocking Truth About Indexed Universal Life Insurance Revealed --- [BonkNote] --- [VIDEO-YouTube-01:02:28]
- [Bonk: Old Title-?] - The Reason I REFUSE To Shut Up About Indexed Universal Life Insurance
- 1 - David McKnight, guy to debate (Brian Gerell (sp),
- 2 - Private Equity Fund (Dominican Republic), Looking for Accredited Investors, Provide over 20% Cash Flow, Huge, Huge Returns, First of the Cash Flow Hacking Funds
- 5 - Curtis Ray
- 6 - Garrett Gunderson
- 7 - Curtis Ray - Worst of the Worst, Video on him coming out tomorrow
- 7 - My passion, Whole Life, --- so much misinformation about whole life and IUL. be more polarizing, Call out truth, be bold, misrepresentation - about both sides of the products,
- 8 - debates - positive arbitrage on loans,
- 9 - wealthy people use whole life, it wasn't the policy that made them wealthy. Whole Life is a used to pass wealth on.
- 10 - You are not going to get wealthy with life insurance, That's not what they do
- ⇒ 11 - IUL is really good at making unfulfilled promises. history of UL....failing financial experiment.
- 11 - How IUL works, history - IUL Illustration will always win over WL
- 12 - Does history have a habit of repeating itself?
- 12 - 1980 - Universal Life - Created by EF Hutton
- 14 - age 75 lapse - tax
- 14 - Great Depression, Wells Fargo - Life Insurance on the books,
- 16 - Barry Dike - Book - Pirates of Wall Street
- 16 - Cash Value Lines of Credit - IRC 7702 - Banks - WL v IUL - Works like a HELOC, Better interest rate,
- 20 - WL - 90-95% -
- IUL - Most won't, some will
- 21 - Doug Andrew - Missed Opportunity - using Home Equity to fund IUL - Lawsuit -
- 23 - I'm just telling you about the research I've done, no absolutes
- 24 - Market share of different types of life insurance
- - National Life Group experience - 1997-2014, gave up license in 2016.
- 25 - King Cooper - Comparing Apples and Oranges
- 25 - 2021-Current - Whole Life
- 26 - Lawsuit with National Life Group - Lawsuits both ways
- 26 - the future of IUL
- 26 - high cap rates being reduced - Midland Marketing High Cap Rates - Inforce - Life Product Review, Bobby Samuelson article - Dropping Caps on Inforce policy
- ⇒ 28 - Where did all the UL policyholders go? Life Insurance Company morality, history, success, stable. Whole Life that is absolutely true. Participating in their success - dividends. 100 plus years. IUL agents borrow the success of Whole Life. IUL consumer are profit centers for the companies.
- 30 - Look at how the UL companies treated the UL policyholders. Conversations with Lawsuits. re IUL's. Missold. well, it's all in the illustration. lack of performance. nobody reads the illustration. IUL 60-plus pages report. WL- 18 pages
- 31 - a poorly designed WL vs a poorly designed IUL.
- 32 - lawsuits - Ever IUL company has been sued. Arbitration,
- 33 - What are the goals and objectives? - Death Benefit or income
- 34 - GUL - Permanent Term, Whole Life for OLder people tends to be too expensive.
- 35 - Brian Jarrell - the Debater, send me illustrations, 43-year old, $25,000 premium (43-60), 100k 1st year premium, income stream - what would it look like? Danger of policy loans. Corrider, drop death benefit.
- 39 - Coward = David McKnight. Criminal = Doug Andrew.
- 40 - IUL Should not be a primary or regular source of income for retirement. it can be used as a supplement.
- 42 -
- 42 - using Life Insurance for paying off Debt. Good or Bad Idea? there's Math and then there's Life.
- 52 - Caleb... Brian Jarrell ... David McKnight...
- 53 -David McKnight responding to Chis. Live debate with Moderator.... nothing to gain.
- 55 - I was going to leave David McKnight alone because he is better than Doug Andrew and Curtis Ray
- ⇒ 57 - Life Insurance companies knew that UL's were going to lapse - 1990s
- 58 - IUL Illustrations have underperformed, IUL has been bailed out by the bull market. what's going to happen when there isn't a bull market.
- 59 - IUL is doomed in the next decade. Historical treatment of UL policies
- Rescuemyiul.com -