Not Your Average Financial Podcast™

Episode 372: The IUL Illustrations are Illusions

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In this episode, we ask:

  • Why do indexed universal life policies (IUL policies) sales continue to grow?
  • Why do we choose whole life insurance over other products?
  • What about the refractor?
  • How much risk are you comfortable taking with money you’re not willing to lose?
  • Where are you on the risk scale (1-10)?
  • How is permanent insurance different from term insurance?
  • Would you like to hear Episode 371?
  • What about the reliability percentage?
  • Will it be enough to stay in force?
  • Which chart would you pick?
  • Is Mark willing to take that risk?
  • Do IUL policies have a fixed and guaranteed premium?
  • …What do you think happens?
  • What is the basic definition of insurance?
  • Can the policy itself support underfunding?
  • What is the illustration beauty contest?
  • Who wants the attractive impossibility?
  • Who wants the certainty that efforts will yield results?
  • How about a real-life example?
  • How does universal life insurance really work?
  • What about the Monte Carlo simulation?
  • What control does the policy owner have?
  • What is the problem of volatile returns?
  • What percentage showed a successful outcome?
  • What percentage showed a failing outcome?
  • Was she sold a pack of lies?
  • What what would the whole life premium be?
  • What can change in an IUL contract?
  • Is the cost of insurance the same?
  • What does all of this mean?
  • Is this a poorly conceived product?
  • Are the IUL illustrations realistic?
  • Can you unwind this when you’re 30 years older?
  • What about co-authoring success?
  • How might it bring financial freedom?
  • Would you like to meet with Mark?

    • ...more
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