Comments About - Doug Andrew

  • LIFE180/Chris Kirkpatrick/Garrett Gunderson
  • David McKnight/Power of Zero
  • 2024 0215 - PIABA - Testimony - Joseph C. Peiffer, President, Public Investors Advocate Bar Association  ---  [BonkNote]  ---  30p
    •  
    • 2024 0215 - GOV (House) - Protecting American Savers and Retirees from DOL's Regulatory Overreach, Bob Good (R-VA) - VIDEO-YouTube-02:06:21]
  • 2023 0908 - LIFE180/ Chris Kirkpatrick - IUL vs Whole Life Doug Andrew vs @LIFE180 & @GarrettGundersonTV | #infinitebanking - [VIDEO-YouTube-56:05]
    • 17 - 1980s - 4% - WL - 1st UL - EF Hutton 
    • 20 - 2020 - 7702 - Guarantees - WL policies going to 2%  - 2-3.75%
    • 22 - Stress on insurance companies, General Funds
    • 24 - Infinite Banking
    • 28 - Doug - with UL you are self-insuring, 15 years, option 1, max fund it, the cost of insurance is next to nothing.
      • Garrett - he's saying the companys are being duped.
      • Garrett and Chris - MEC Issues, Legal Line, 5 pay, up to the guideline, it illustrates really well, but not the actual performance, COI, NAAR, what have companies done in the past, show us an inforce illustration, 
    • 30 - Doug - Life Insurance  = Sacred Cow, 1980 - UL wasn't created by an insurance company, it was created by a  - EF Hutton, 
  • 2023 1004 - LIFE180 - Indexed Universal Life Insurance Will Get Crushed Over The Next Decade - [VIDEO-YouTube-41:54]
    • Levers
    • IUL - Traditional UL with an Option Strategy
    • 5:00 - P1P2 - [Bonk: Nope]
    • 07:30 - Pricing of Product-?
    • Lever #1 - Administrative Charges
    • Lever #2 - COI
    • Lever #3 - Riders
    • Lever #4 - Cap Rates - Riles up people
    • Expectations - criminal - max fund - performance -
      • not bad products, bad sales presentations
    • Lever #5 - Loan Rates
      • arbitrage
    • Examples - Nationwide =
    • 21:00 - "curtis ray" "mutual of omaha"
    • 41 - iuls blowing up soon, i just want to be the guy who calls it, 
    • 43 - Doug Andrews - double their money in 7 years....he sells transamerica, paclife, teaching agents, rule of 72, he doesn't consider cois, ets. fraud, scamming the people they love and care about. [Bonk: 1993 - GOV (Senate) - Jerry Keating, Agent - John Hancock]
    • 47 - 60-75 yos are Dougs target market. nobody would buy it if they understood...levers ... [Bonk: 1970 - GOV- Denenberg]
    • 50 - wfg - rings and awards
    • 52 - context of questions ----- [Bonk: cost / works /Anna Rappaport]
    • 55 - iuls blowing up, effect on family, [Bonk: Systemic Sisk]
    • 58 - Doug Andrews - guaranteed 8%, how does he get away with this. because he's not licensed.  if you were licensed.... you couldn't get away with that
  • 2023 1104 - LIFE180 - Live From WFG Meeting | Doug Andrew Keynote Reaction - [VIDEO-YouTube-01:02:14]
    • 4 - chis - wfg - Doug Andrews
    • 5 - walker comptroller
    • 7 - chris - iul = fraud, patrick kelly - tax free retirement,  people vs product, 
    • 9 - chris - don't know what you don't know. fraudulent components,  11 - i don't want to manipulate people, 
    • 16 - transameria parent - higher commissions
    • 29 - oneamerica - iul white paper - 
    • 37 - how iul works - math - 1913, federal reserve, banking cartels, whole life insurance, tax rules, wealthy people, doug andrews tamra, tefra, defra.... 
    • 59 - Doug Andrews - Cry Baby - listening to him almost made me puke. Think like a bank.  Double your money in 7.5 years. predictable 8%. There's lies and half truths.