For years, proponents of infinite banking have highlighted a certain benefit behind cash value life insurance. The specific benefit has been more closely associated with whole life insurance, and those directly connected with “The Infinite Banking Concept®” have towed a hard line for whole life insurance over universal life insurance. Last summer, a newsletter released by said company attempted to expose the weaknesses of indexed universal life insurance to promote the superiority of whole life insurance in accumulating wealth and providing security for one’s family. What we’re going to explore today is whether the rally against universal life insurance – and, more precisely, indexed universal life – is a just one.
The Not So Dangerous Truths About Indexed Universal Life Insurance
A week or so ago we received an email from someone who wanted our opinion on a YouTube video put together by an insurance agent. The video, titled The Dangerous Truths about Indexed Universal Life Insurance, came from Caleb Guilliams. I don’t know Caleb personally, and I’ll confess that I don’t much about his insurance …