David, I really hope you two can discuss this topic, I gain so much from both of you and your content and education. Many of us in the industry benefit from raising our level of understanding from experts like both of you who have the heart for helping people excel in their finances
If you take loans for retirement income doesn’t the premiums increase due to the cash value dwindling and the loan interest stacking over time potentially lapsing the policy? When and how would I pay back these loans if I’m in retirement and using the IUL for supplementary income?
No disrespect David but Chris and that attorney are basically just stating the obvious. The moral of the story is to not put all of your money into insurance and make sure you work with a fiduciary advisor. Like me.😉
I don’t think that the TikTokkers who are positioning IUL as a silver bullet investment alternative have any clue what’s about to hit them. This video is just a shot over their bow.
@@DavidMcKnight yeah and when you lose your client 35% in your 401K and he/she is 64 years old you would not be shooting your big mouth off. You would have wished you had an IUL or FIA
David, I really hope you two can discuss this topic, I gain so much from both of you and your content and education. Many of us in the industry benefit from raising our level of understanding from experts like both of you who have the heart for helping people excel in their finances
If only... and yet there is still crickets from Dave...
I'm here whenever he is ready. David, come to the DR in January. You can stay at the Retreat Center.
If you take loans for retirement income doesn’t the premiums increase due to the cash value dwindling and the loan interest stacking over time potentially lapsing the policy? When and how would I pay back these loans if I’m in retirement and using the IUL for supplementary income?
If you have a guaranteed 0% wash loan, this wouldn’t be a concern.
No disrespect David but Chris and that attorney are basically just stating the obvious. The moral of the story is to not put all of your money into insurance and make sure you work with a fiduciary advisor. Like me.😉
I don’t think that the TikTokkers who are positioning IUL as a silver bullet investment alternative have any clue what’s about to hit them. This video is just a shot over their bow.
@ Maybe they should look before they LIRP. 🤔
@@DavidMcKnight yeah and when you lose your client 35% in your 401K and he/she is 64 years old you would not be shooting your big mouth off. You would have wished you had an IUL or FIA