Did you buy universal life insurance between 1980 and 1999? If you did, you might be entitled to compensation from predatory life insurance sales tactics that duped you into thinking that you could buy cheap life insurance without any notice that what you were doing was a potential disaster. For years, life insurance companies willingly …
Indexed universal life insurance reviews are in no short supply all throughout financial media as well as the internet. Recently, a review came from a source that most of us would consider authoritative on the subject. In a mini white paper titled A Critical Review of Indexed Universal Life, Scott Witt rolled out a multi-point …
Several years ago, I published a blog post that used real whole life data results to compare to passive index investing results. The results showed that a well designed whole life policy that maximizes cash value comes extremely close to the results we can anticipate from passive index investing. That’s not, of course, to flat …
Some say that whole life insurance only makes sense for the ultra-wealthy. Believe it or not, one of the top-ranked websites for personal finance makes this claim about whole life insurance, “…such policies usually only make sense for individuals with a net worth of at least $11.4 million” (estate tax exemption threshold). Uhhh…not sure how …
According to a recent article penned by Leslie Scism at the Wall Street Journal, “sales of a life-insurance policy tied to the longest bull market in U.S. history are soaring.” There’s a lot to unpack from that statement. But that’s the opening statement and it gives you a taste of what you can expect if …
The other day I was part of a conversation with another agent about Indexed Universal Life. The conversation was more of a challenge to my position that, like whole life insurance and current assumption universal life insurance, indexed universal life deserves just as much credit for being market neutral and falling into the alternative investment category …
In 2015, the National Association of Insurance Commissioners’s (NAIC) Life Actuarial Task Force (LATF) codified new rules for life insurance illustrations with indexing features. Actuarial Guideline 49 (AG49) placed certain restrictions on interest rate assumptions companies can make when projecting policy values inside their indexed universal life insurance policies (or any life insurance policy that …
We’re no strangers to voicing our concerns about lofty indexed universal life insurance assumptions. In fact, we were an early voice seeking to temper the returns on IUL as the product began picking up serious steam nearly a decade ago. Then came the complaints from major life insurers. Most of those insurers had a vested …
