(Complete Show Notes Below)
In the 45th episode of the Financial Procast:
We Discuss Indexed Universal Life Insurance
The episode starts off with an introduction to indexed universal life insurance (IUL), what it is, how it works and why it came to be in the first place! After quite a few years of offering a current assumption uinversal life insurance product that was solely based on an interest rate, the life insurance industry decided to introduce a new variation of UL to the mix–enter IUL. This product is widely sold through FMO's, IMO's and BGA's. It's heavily marketed as a “wonder drug” sort of product by a great many marketeers and they are entire life insurance sales and marketing systems built around using this product.
Books like Missed Fortune© and the Retirement Miracle© are entirely devoted to having you reach the conclusion that IUL is the answer to all of your retirement woes. Is it really that good a product?
Listen to our podcast to find out what we think!