Doug Andrew

  • https://money.usnews.com/investing/investing-101/articles/2017-11-16/stress-test-your-portfolio-with-this-checklist
  • https://www.huffpost.com/entry/yes-i-am-entitled_b_599b4d20e4b0ac90f2cba940
  • 2017 0821 - US News - How to Manage Life Insurance as an Investment: Investing within a policy may involve locking into a strategy that's hard to change - [Doug Andrew], By Jeff Brown - [link]
    • "When I started my career as a financial strategist in 1974, I was a buy-term-invest-the-difference proponent – that is, until 1980 when E.F. Hutton introduced a new take on universal life insurance," says financial advisor Doug Andrew, founder of Live Abundant and author of "Last Chance Millionaire."
    • "Over the past 40 years, I've helped thousands of Americans benefit from what is now known as indexed universal life," he says. "It's like 'buy term and invest the difference' on steroids."
    • "Do you have to repay the loans? No," Andrew says. "The insurance company will apply any loans against the tax-free death benefit upon your passing. Or, you can choose to repay the loan, and your repayments become newly protected principal that can go on to accumulate tax-deferred interest."
  • 2017 0922 - HBR - Prioritize Your Opportunities with This Checklist, by Doug Andrew, Harvard Business Review - [link]
  • youtube.com/@missedfortune - Doug Andrew - 3 Dimensional Wealth
  • dougandrew.com/
  • 3dimensionalwealth.com/
  • iulinsiders.com/
  • Live Abundant
    • 2018 0225 - KSCO 1080 AM [AM 1080 KSCO]  09:00:00 - 
      • 26 - Retire by Design
    • “Tool of the Week”
  • Paramount Financial Services
  • 2022 - insurance-forums.com - Doug Andrew - Laser Fund - [link]
  • Books
    • 2002 - Book - Missed Fortunes Due to Money Myth-Conceptions Paperback, by Douglas R. Andrew
    • 2003 - Book - Missed Fortune: Dispel the Money Myth-Conceptions--Isn't It Time You Became Wealthy?, by Douglas R. Andrew
    • 2005 - Book - Missed Fortune 101, by Doug Andrew - 297p
    • 2007 - Book - The Last Chance Millionaire: It's Not Too Late to Become Wealthy, by Douglas R. Andrew
    • 2008 - Book - Millionaire by Thirty: The Quickest Path to Early Financial Independence, by Douglas R. Andrew, Emron Andrew, and Aaron Andrew
    • 2018 - Book - The LASER Fund: How to Diversify and Create the Foundation for a Tax-Free Retirement Paperback, by Douglas R. Andrew
  • Woodbridge
    • SEC
  • Aaron Andrew
    • 2022 - Idaho - Aaron Andrew - Revoking License -
  • 2020 0617 - Doug Andrew - 3 Dimensional Wealth - How Much Does A Max Funded IUL Insurance Policy Cost? - [VIDEO-YouTube-09:43]
  • 2022 0424 - Doug Andrew - 3 Dimensional Wealth - What Is The Downside Of IUL? What Can Go Wrong? - [VIDEO-YouTube-17:33]
  • 2022 1214 - Doug Andrew - 3 Dimensional Wealth - Does IUL Work? | Can You Access Money In an IUL in the First Year? with Aaron Andrew - [VIDEO-YouTube-15:11]
  • 2023 0530 - Doug Andrew - 3 Dimensional Wealth - Myth: An IUL Insurance Policy Will Implode As You Get Older Due To Cost of Insurance Going Up - [VIDEO-YouTube-16:59]
    • 03:30 - IUL can generate 10% per year, tax-free - Better than 401ks and IRAs
    • 04:00 - IUL, COI, Crash and Burn - Myth
    • WL - Illustration - Income Producing. IUL will blow them out of the water.
    • Living Benefits - IUL 2% higher than WL
    • Doug has earned 9.62% since 1980, netting 8.6%. Rebalancing, Diversifyng.  IUL since 1997 has been 11.17%, netting 10.07%
    • 05:00 - 
    • 06:00 - 101, 72, 7702 - IRS - Cash Value equal or be greater than the Death Benefit in 12 years. TEFRA, DEFRA, TAMRA
    • 08:30 - Bucket, Cash Flow
    • 11:00 - Example - Self Insure, BTID
    • 12:00 - Rule of 72,
      • Some years people have made 25% a year in a IUL
    • Whole Life agents say that IUL's will Crash and Burn
    • Cost of Insurance is almost nothing
    • 15:00 - People don't know what they don't know
    • Book - LASERFund
    • meet with a agent that I oversee, has passed a proficiency exam. Set up an appointment
  • 2023 0704 - Doug Andrew - 3 Dimensional Wealth - How To Turn $125K Into $2 Million - [VIDEO-YouTube-10:00]
  • 2023 0706 - Doug Andrew - 3 Dimensional Wealth - How Do IUL Fees Work - [VIDEO-YouTube-12:53]
    • FREE life insurance....no....But I'M not paying for it! Otherwise payable income tax is paying for it.
    • In this educational episode, I'm going to address the subject, "How do fees work in an IUL?"
    • Also in watching this video, you will see why it is in your best interest to speak to a properly trained IUL Strategist.
    • 1% - Cost of Insurance
  • 2023 1219 - Doug Andrew - 3 Dimensional Wealth - 11% Average Returns Tax-Free! - [VIDEO-YouTube-01:00]
  • 2024 0216 - Doug Andrew - 3 Dimension - What Can Go Wrong With An IUL and How To Prevent It (5 DANGERS You Want To Avoid Before Is Too Late) - [VIDEO-YouTube-20:28]
  • Aaron Andrew
    • 2015 - MDRT - Top of the Table - 58p
      • LifePro: Five Keys to Generating 300 Leads Per Week and Millions in Target Annually
      • In this powerful session, learn from Top of the Table producer Aaron Andrew how Live Abundant, a financial practice established in 1974, has created a predictable marketing system that generates more
        than 300 leads per week and millions in target annually.
      • Aaron will show you how Live Abundant uses a potent combination of radio, email, educational seminars and webinars to create financial predictability and prosperity.
  • 2023 1103-1105 - WFG - The Prosperity Blueprint, Inner Warrior's Guide to Wealth & Happiness, World Financial Group - [link]
    • Wyndham Houston near NRG Park / Medical Center, 8686 Kirby Drive, Houston
    • Our Distinguished Speakers Include:
      • Doug Andrew: The expert behind "3 Dimensional Wealth," providing wealth-building wisdom for our next generations
  • 2008 1205 - Missed Fortune on Fox Business Channel | Doug, Emron, and Aaron Andrew - [VIDEO-YouTube-03:33]
    • 2008 - Book - Millionaire by Thirty: The Quickest Path to Early Financial Independence, by Douglas R. Andrew, Emron Andrew, and Aaron Andrew
    • Doug - People don't know what they don't know
    • Emron - Real Estate is one part, Soft Market
    • Host - Real Estate and Stocks seem to be the 
    • Doug - That's Correct. We teach. How to take your serious money  ... How to participate in the Stock Market when it goes up and how not to lose when it goes down.
  • 2012 0413 - Doug Andrew -3 Dimensional Wealth - Maximum Funded Tax Advantaged (MFTA) Life Insurance - What is it? - [Aaron Andrew] - [VIDEO-YouTube-22:22]
    • EF Hutton, 7702. Bucket, TEFRA, DEFRA TAMRA,

10 Oct 1993, Sun The Salt Lake Tribune (Salt Lake City, Utah) Newspapers.com

  • insurance-forums.com - Doug Andrew
  • Page 10 - insurance-forums.com/community/threads/i%E2%80%99m-not-in-favor-of-iuls.109922/page-10
    • REI_Velocity - I don’t think I did. When the other guy was saying how good his IULs were I asked him to show one. - The unicorn is still in the wild. One day we may see it. Lol
    • 2023 0604 - Jab246jab - You need to watch some Doug Andrew videos on Youtube. He will explain how IUL is the best investment you can make.
  • Page 11 - insurance-forums.com/community/threads/i%E2%80%99m-not-in-favor-of-iuls.109922/page-11
    • 2023 0604 - Jab246jab said:  You need to watch some Doug Andrew videos on Youtube. He will explain how IUL is the best investment you can make.
    • ......
    • 2023 0604 - Allen Trent - Is this the same Doug Andrew?
    • Jab246jab said: Yes that is the Doug Andrew from Youtube. Looks like he had a couple of policies that didn't work out for him. Many of his IUL policies must have worked out or else he would have more complaints and lawsuits.
    • DHK - Robert Kinder - You didn't bother to click on those links. Had nothing to do with a "couple of policies" but everything to do with misrepresentation. And those complaints came from the SEC, the State of Idaho, and class action lawsuit in Los Angeles California.
      • How many complaints and lawsuits are enough for you?
      • You can learn from him if you want. It's just your license, livelihood, and reputation on the line.
    •  DHK - Robert Kinder - And please be very clear in your communication. IUL is not an investment in how most people define investment. It is not a security regulated by FINRA or the SEC. It is an incredible asset that can be leveraged in multiple ways.
      • Considering that you're learning from Doug Andrew and his litany of complaints regarding misrepresentation, you may want to be extra clear in what you say and write.
    • Jab246jab - I thought Doug Andrew gave solid advice. But if it is so bad how was he able to stay in business for almost 50 years. Most of his policies he sold must have performed the way he said they would perform?
    • DHK - Robert Kinder -  - Marketing. He's an exceptional marketer.
    • Jab246jab - What do you think the success rate is on all the IUL policies he sells?
    • DHK - Robert Kinder - I have better things to research and think about.
    • Scagnt83 - 2023 0605 - He spews extremely inaccurate statements about IUL. Stuff that is easily fact checked..
      • IUL is not the "best investment there is"... nothing is "the best".
      • IUL has only existed for around 20 years. Only heavily sold for the past 10 years.
      • Cap renewals are the biggest danger of IUL, and many consumers have been lied to about how renewals work (by people like him). Many consumers have current caps that are significantly lower than when they started.... and they are pissed...
    • Scagnt83 - Not enough time has gone by to accurately gauge success. It took 20 years for ULs to start imploding and the class action suits to hit the fan.
      • And from what I have seen of the products he sells..... he is lucky he is at the end of his career...
      • (he sells low rated carriers with horrible renewal rates..... but very large commission payouts...)
      • Also, anyone who promotes "100% returns" is a scam artist. That is an illegal statement to make in the financial world... and a complete lie.
  • Page 12 - insurance-forums.com/community/threads/i%E2%80%99m-not-in-favor-of-iuls.109922/page-12
    • Scagnt83 - If you read those lawsuits... he told people to take out a HELOC or 2nd mortgage to purchase IUL.
      • That violates many different laws and regulations.
      • And is corrupt AF.
    • Jab246jab  - he seems very sure of himself. So he is lying about results in those Youtube videos?
    • Allen Trent - Refer to the earlier links. Woodbridge was a $1.3B Ponzi scheme.
    • Tahoe Ray - People who steal from others or run "successful" grifts are often self-assured.  Also, people lie on every platform and in person. I have no knowledge about this guy, but it's not uncommon in the industry.
    • DHK - Robert Kinder - Doug Andrew, despite the lawsuits, has always had dubious math in his Missed Fortune examples. That's been around for over 20 years now. The principles may be sound, but you had better know how to implement on them in a prudent and ethical manner, especially if using an interest-only mortgage, that the client can afford their mortgage payment if and when interest rates rise, and how to properly structure their life insurance policy.
      • I've heard of agents who took the cash out proceeds from an interest only mortgage and put it ALL (100%) into the FIRST YEAR PREMIUM of a policy. That's downright criminal. So the next year, the client can't afford the ongoing premium... nor would they be able to afford the mortgage when the interest-only period expires and the payments are principal and interest.
      • So many abuses on this in the past. This is why it's one of the questions regarding the source of funds/premiums for life insurance... and if it's a mortgage, you'll need to provide more details at best, or they'll decline the application at worst.
      • The lesson is that there's often a lot of history behind certain people and whether it's intentional or simply badly implemented. I don't need anything that Doug Andrew does. I don't pay any attention to it. (I do find it interesting that he's a current or past client of Dan Sullivan's Strategic Coach though.)
      • There are plenty of good people to learn more about IUL both here in this forum as well as others. David McKnight is one who I follow and he wrote the book "Look before you LIRP." If you want someone to follow in the IUL space, follow him on YouTube.
    • Jab246jab - I believed this guy and now I am finding out he is involved in Ponzi schemes.
    • Jab246jab - Damn, he looks like a nice old man who is very knowledgeable. Now I find out he is involved in Ponzi Schemes. Who can you trust these days?
  • Page 13 - insurance-forums.com/community/threads/i%E2%80%99m-not-in-favor-of-iuls.109922/page-13
    • Allen Trent - I don't know for a fact that he knew it was a ponzi scheme, but the regulators & others believe he knowingly promoted unregulated securities & was paid commissions for promoting & bringing investors to the Woodbridge Investment that ended up being a $1.3B ponzi scheme. He may not have been a ringleader in the ponzi scheme, but he certainly is a hypocrite in his videos about IUL. If he believes IUL is the best in all those videos, then why get people to invest in such a high risk, no protection gamble like Woodbridge
    • Jab246jab - Thanks for the advice. I trusted Doug Andrew but now I realize he is a ponzi scheme guy. Following Doug Andrew advice from his youtube videos could cause an agent some serious problems.
    • Jab246jab - He says IUL is better than real estate and stock investments. But seems he only says it because he is banned in those markets.
    • DHK - Robert Kinder - I won't necessarily go that far. Woodbridge Wealth got a lot of agents (who didn't necessarily do enough due diligence) caught up in their stuff. Doug Andrew wasn't the orchestrator, but it was the sale of unregistered securities to non-accredited investors.
    • Jab246jab - Doug Andrew should have known better. I know better than to do that and Doug Andrew is much more knowledgeable than I am.
    • PrivClientSG  - I think a lot of professionals collapse "sales" and "marketing" with truly being an "expert" and widely respected in the field. Two very different and distinct people. Just because someone sells a lot, markets, has exposure, even notariety, etc. -- doesn't mean they are truly an expert in the field. There have been some truly great life insurance fessionals in our industry. One may market, write books, do videos, etc. -- and if the motivation is exposure, notoriety, etc., and perhaps they have "something" to sell (other than being a producer). That's not always a bad thing, but I'd look at that. In addition, many of the true experts in our industry are not life insurance producers. Steve Leimberg was a perfect example of that. Robert Ritter Jr. is another example. Having something to sell does not make a person bad, nor does it automatically put you into one category or the other.
      • However, as far as a life insurance producer/professional, show me one who has presented/lectured on the national stage -- Heckerling, AALU, NAEPC, Forum 400, etc. -- show me one who is widely respected and well known by both peers and allied professionals, and that will speak to legitimacy. Look at the life insurance professionals who are in the NAEPC Hall of Fame. Don't get me wrong, we've all seen a top person in our industry, well known, well respected, etc. -- go bad -- so it happens. But for the most part -- check their motives, see who they are in and around our industry, and separate the two. Then you'll know who is who.
    • Jab246jab - Thanks for the information. It is very helpful. I appreciate you taking the time to share this information. I looked up Steve Leimberg and he has some really good books I am going to buy.