(Complete Show Notes Below)
In the 45th episode of the Financial Procast:
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!
Brantley is a practicing life insurance agent and has been for nearly 18 years. After years of trying to sell like his sales managers wanted him to, he discovered that people want to buy life insurance if you actually explain the benefits.
Will Your Indexed Universal Life Insurance Policy Produce an 8% Average Return?
IPB 105: Is Indexed Universal Life Insurance Worth it even if the Interest Rate Assumptions are Wrong?
IPB 104: You Can Just Buy Bonds: One of the Reasons Not to Buy Whole Life Insurance
IPB 102: Is Index Universal Life Insurance Market Neutral?