Man, it's a bit crazy. But, I think most people there were trying to do what is right....but they were new and haven't been exposed to much. I guess that's why 93% fail out of the business...
This is a great video. Amazing how someone that's not licensed can spew lies out of their mouth and not get punished. People need to do their research. Great job Chris.
I appricate your channel and i am learning from both sides. I just joined PFA ( 2 months) and have my Life license. Its interesting no one talks about Whole life . The recruiting recurring recurring is a little heavy.. I have to go to NLG website and learn on my own. My upline and I are having a little disagreement because i have a good name and want to keep it that way. I cant put people into policies that I don't understand or are explained to the person I bring in. so I did a fault stop until i feel comfortable about what i am selling too my people .. Now my trainer mentor wants to find me a new trainer cause i am not satisfied with his training.. so here i am and Thank Goodness for your channel! FYI this is a Part time for me... I work full time in health care! so i learn everyday on my lunch hour!
Yeah, and the training NLG provides is SUPER SLANTED. They don't put any education into the ACTUAL downside of the product. They basically position it like there is no downside as long as you design the policy properly...but that isn't true....
Fantastic video. When i was doing my research I bought Doug Andrews book and then I had my attorney look him up and there were so many lawsuits. If i remember correctly, he (or his son) talked some 80 year old into cashing out their entire 401k and put it into an IUL where he lost 100s of thousands almost immediately.
so they're prep to be 'i am here so that i can help people " but the product speaks for itself, their aggressive recruitment sometimes clouds there judgement.
Shucks!, I just got Doug’s book! I’m looking into becoming a life insurance agent and want to know the goods and bads before jumping into it. Well now you struck some interest so I will be listening to what you have to say 🤔 I just want the truth so I can run with this to help my peeps and for me too!
The life insurance industry is amazing as a whole. I truly believe in the power of cash value life insurance. But I also believe in math, facts, and history. The way Doug teaches IUL is really dangerous
Hi Fellas!!, I am an agent from Canada with WFG. You make a ton of great points in which I agree on both the positive and constructive sides. I am not specifically familiar with exactly how the system works in the US, what I would like to mention is that with WFG the tool box we use to offer clients insurance protection and investment options far exceeds just the UL product. For example as an agent leading a team I can say the VAST majority of the plans we offer and have in place are Whole Life, Term Life, Critical Illness and the use of investment strategies such as Tax Free Saving Accounts offered here in Canada. I would just caution directly linking all WFG agents with the irresponsible use of IUL's/UL's. I absolutely love seeing things from all sides to ensure I ethically offer proper products and in the more rare case where I may discuss the UL options with a client I can with due diligence fully describe the risks. Your content is great and absolutely needed to ensure balance and at a minimum poke people to FULLY understand all the details of products being offered. Thanks again!!!
Yeah, I know in Canada, there is a much more diverse offering. While they can offer more products in the US than IUL, we are here at the event and have been all weekend and the ONLY product they've been talking about is IUL....
Hey Chris, 1st thing i want to say is, i give you major props for sitting down in a presentation by Doug Andrews and not blowing a fuse publicly or just completely walking out. Cuz i feel like thats what I would have done, i mean 700 agents listening to this delicensed fraud 🤦🏻♂️. 2nd thing i want to say, thank you for clarifying about banks buying life insurance. Yes it is true banks do buy life insurance but these policies are not IULs, VUL, or even Whole Life. As you said Chris, these policies are known as B.O.L.I.s and these BOLIs are designed very similarly to Whole Life. We also need to take into consideration that when banks make these moves, they do it by the billions. So agents speaking to rank and file or even higher income individuals about how banks do this stuff and thats the reason they should do it is completely unethical. Sorry to burst the bubble for all the IUL salesmen/women that literally thrive on this misconception.
Listening to that presentation from Doug while sitting in the 2nd row was one of the most challenging things I have ever done 🤣 But, I got through it and I'm glad I was exposed to the lies and preframing he uses in his presentation. It'll enable me to make more educational content to protect people from those misleading sales tactics. Plus, some people there recognized me and I had some great conversations. I think I got through to several people. Overall, I do believe the people in the room have good intentions. They just don't know what they don't know... it was actually motivation for me to do more to reach them
Truth? You think you speak truth? Lmao come on bro. You’ve been saying IULs won’t perform and caps are going to drop and these things are going to implode… yet there they are going up. Cap rates par rates all of it INCREASING… but according to you volatility’s are SO high the options budgets will drag caps down. Yet volatility at an ALL TIME high, but caps STILL going up lol…. So hop off your high horse. I’d be more than happy to debate you ANYTIME. Also still waiting on you to take me up MY challenge. We both contribute SAME premiums to policy, at the end of 10,15,20 or even 30’years, you set the term, the policy with MOST cash value takes ownership on BOTH POLICIES.
Dude, you live in a fantasy land. You need to think long term with this stuff. There will always be short term movements either direction that don't matter as much. I think we both agree that we are living in a bit of a bubble right now. That it is irrational that the market is still high and hasn't crashed. I have heard you say that several times. Well, at the same time, rates have gone up. So that has created a momentary period of time where IUL companies take advantage for a small period to increase caps so minimally... Once the market actually starts moving, talk to me then....
I'm not making a bet with you that takes 20 years to complete. That's absurd. Simply for the reason that in 20 years, idk where I will be. If you have a problem with history that's on you, man. History has UL as one of the greatest failures in financial product history. And it shows how UL companies treat their policy holders. History has IUL getting worse and worse and worse over the years already. History has regulators changing illustration regulation over and over and over 3 times in 8 years to reign in the manipulative tactics these insurance companies put forward and allow agents to mislead the general public with. YET, people like you just want to keep on keeping on....selling them like they are some magical solution to the entire problem. Bryan, I have a question for you... are you part of WFG? I never put that together before. But now I get the sense that you are...
Oh, and yes, I have said they won't perform and they HAVEN'T 99% of the time. Sure, there can be unicorn 🦄 situations...but I'm looking for predictable results when I put money in an insurance policy.
@@LIFE180 no I’m definitely not with WFG, I want my agents to be able to actually survive and feed their families doing this. 25% is an absolute joke, I DO need some of the kool aid they hand out tho, how do SOOOO many people sign up to fail out of the industry? Also one thing we can agree on is IUL sucks 98% of the time, but it’s not because the product it’s because people are ignorant and don’t know how to structure it. Doug is 100% accurate with his statement on net risk and utilizing level death benefit option. You can shrink the corridor DRASTICALLY. When a client is in their 60s into 70s their corridor is absolute minimal, I have a contract that actually SHOWS the corridors, it drops to 3-6% of cash value, at 96 its 0% meaning there is NO COI. So if the client has $500,000 cash their assumed risk to insurance carrier is only $25,000, can’t do that in a whole life because it’s built on a LEVEL chassis not an Annual Renewable Term. If you just focused on exposing the bad agents we would have so much common ground, you know how many agents I’ve heard say “it has to be properly funded and structured” yet when you ask them for an illustration showing that they’ve done it right, they can’t produce… THEY ARE THE PROBLEM.
I can just see it now, Chris, like the cartoon when you're brain is smoking with anger from listening to Doug, with the sound of the pressure building in a steam train getting louder and louder, you're shaking and turning red lol
masters of being a cult
Man, it's a bit crazy. But, I think most people there were trying to do what is right....but they were new and haven't been exposed to much. I guess that's why 93% fail out of the business...
@@LIFE18094% agent attrition rate
Whats your thoughts on symmetry financial group?
At the end of the day, all of these big IUL IMO's are similar. They virtually all spun off from WFG...
This is a great video. Amazing how someone that's not licensed can spew lies out of their mouth and not get punished. People need to do their research. Great job Chris.
I appricate your channel and i am learning from both sides. I just joined PFA ( 2 months) and have my Life license. Its interesting no one talks about Whole life . The recruiting recurring recurring is a little heavy.. I have to go to NLG website and learn on my own. My upline and I are having a little disagreement because i have a good name and want to keep it that way. I cant put people into policies that I don't understand or are explained to the person I bring in. so I did a fault stop until i feel comfortable about what i am selling too my people .. Now my trainer mentor wants to find me a new trainer cause i am not satisfied with his training.. so here i am and Thank Goodness for your channel! FYI this is a Part time for me... I work full time in health care! so i learn everyday on my lunch hour!
im in the same boat man
What state?
Yeah, and the training NLG provides is SUPER SLANTED. They don't put any education into the ACTUAL downside of the product. They basically position it like there is no downside as long as you design the policy properly...but that isn't true....
Sorry. You guys should join the next LIFE180 Challenge in January. Challenge.LIFE180.com (not updated for January yet, but be on the lookout)
WFG sounds a lot like SCIENTOLOGY!
🤣🤣🤣
Kash is awesome 😎 is a top leader and my upline. Thank you, you are always a fair review of everything
Fantastic video. When i was doing my research I bought Doug Andrews book and then I had my attorney look him up and there were so many lawsuits. If i remember correctly, he (or his son) talked some 80 year old into cashing out their entire 401k and put it into an IUL where he lost 100s of thousands almost immediately.
Yep....completely insane
so they're prep to be 'i am here so that i can help people " but the product speaks for itself, their aggressive recruitment sometimes clouds there judgement.
True
Shucks!, I just got Doug’s book! I’m looking into becoming a life insurance agent and want to know the goods and bads before jumping into it. Well now you struck some interest so I will be listening to what you have to say 🤔 I just want the truth so I can run with this to help my peeps and for me too!
The life insurance industry is amazing as a whole. I truly believe in the power of cash value life insurance. But I also believe in math, facts, and history. The way Doug teaches IUL is really dangerous
Holy smokes, the stories of what Doug taught is so unbelievable, selling an IUL to someone at retirement is nuts
Not only does he do it every now and then....it is his target market 🤯🤯 totally insane.
This companies like WFG, PHP, SYMMETY. they don’t sale Whole lifes???
Nope. Wfg does in Canada. But in the US, they are IUL.
Hi Fellas!!,
I am an agent from Canada with WFG. You make a ton of great points in which I agree on both the positive and constructive sides.
I am not specifically familiar with exactly how the system works in the US, what I would like to mention is that with WFG the tool box we use to offer clients insurance protection and investment options far exceeds just the UL product. For example as an agent leading a team I can say the VAST majority of the plans we offer and have in place are Whole Life, Term Life, Critical Illness and the use of investment strategies such as Tax Free Saving Accounts offered here in Canada.
I would just caution directly linking all WFG agents with the irresponsible use of IUL's/UL's.
I absolutely love seeing things from all sides to ensure I ethically offer proper products and in the more rare case where I may discuss the UL options with a client I can with due diligence fully describe the risks. Your content is great and absolutely needed to ensure balance and at a minimum poke people to FULLY understand all the details of products being offered.
Thanks again!!!
Yeah, I know in Canada, there is a much more diverse offering. While they can offer more products in the US than IUL, we are here at the event and have been all weekend and the ONLY product they've been talking about is IUL....
Ah I see fair point. 😊👌
Cheers keep up the great content information!
I'm getting comfused here, if Andrew is so bad and doesn't have a license, how does he stay in business?
Because he is a great marketer and people don't do their research....
Hey Chris,
1st thing i want to say is, i give you major props for sitting down in a presentation by Doug Andrews and not blowing a fuse publicly or just completely walking out. Cuz i feel like thats what I would have done, i mean 700 agents listening to this delicensed fraud 🤦🏻♂️.
2nd thing i want to say, thank you for clarifying about banks buying life insurance.
Yes it is true banks do buy life insurance but these policies are not IULs, VUL, or even Whole
Life. As you said Chris, these policies are known as B.O.L.I.s
and these BOLIs are designed very similarly to Whole Life.
We also need to take into consideration that when banks make these moves, they do it by the billions. So agents speaking to rank and file or even higher income individuals about how banks do this stuff and thats the reason they should do it is completely unethical.
Sorry to burst the bubble for all the IUL salesmen/women that literally thrive on this misconception.
Listening to that presentation from Doug while sitting in the 2nd row was one of the most challenging things I have ever done 🤣
But, I got through it and I'm glad I was exposed to the lies and preframing he uses in his presentation. It'll enable me to make more educational content to protect people from those misleading sales tactics.
Plus, some people there recognized me and I had some great conversations. I think I got through to several people.
Overall, I do believe the people in the room have good intentions. They just don't know what they don't know... it was actually motivation for me to do more to reach them
"Better to remain silent and be thought a fool, than to speak out and remove all doubt."-Abraham Lincoln.
I used to joined FEG started with 30% commission.
Truth? You think you speak truth? Lmao come on bro. You’ve been saying IULs won’t perform and caps are going to drop and these things are going to implode… yet there they are going up. Cap rates par rates all of it INCREASING… but according to you volatility’s are SO high the options budgets will drag caps down. Yet volatility at an ALL TIME high, but caps STILL going up lol…. So hop off your high horse. I’d be more than happy to debate you ANYTIME. Also still waiting on you to take me up MY challenge. We both contribute SAME premiums to policy, at the end of 10,15,20 or even 30’years, you set the term, the policy with MOST cash value takes ownership on BOTH POLICIES.
Dude, you live in a fantasy land. You need to think long term with this stuff. There will always be short term movements either direction that don't matter as much.
I think we both agree that we are living in a bit of a bubble right now. That it is irrational that the market is still high and hasn't crashed. I have heard you say that several times. Well, at the same time, rates have gone up. So that has created a momentary period of time where IUL companies take advantage for a small period to increase caps so minimally...
Once the market actually starts moving, talk to me then....
I'm not making a bet with you that takes 20 years to complete. That's absurd. Simply for the reason that in 20 years, idk where I will be.
If you have a problem with history that's on you, man.
History has UL as one of the greatest failures in financial product history. And it shows how UL companies treat their policy holders.
History has IUL getting worse and worse and worse over the years already.
History has regulators changing illustration regulation over and over and over 3 times in 8 years to reign in the manipulative tactics these insurance companies put forward and allow agents to mislead the general public with.
YET, people like you just want to keep on keeping on....selling them like they are some magical solution to the entire problem.
Bryan, I have a question for you... are you part of WFG? I never put that together before. But now I get the sense that you are...
Oh, and yes, I have said they won't perform and they HAVEN'T 99% of the time. Sure, there can be unicorn 🦄 situations...but I'm looking for predictable results when I put money in an insurance policy.
@@LIFE180 no I’m definitely not with WFG, I want my agents to be able to actually survive and feed their families doing this. 25% is an absolute joke, I DO need some of the kool aid they hand out tho, how do SOOOO many people sign up to fail out of the industry?
Also one thing we can agree on is IUL sucks 98% of the time, but it’s not because the product it’s because people are ignorant and don’t know how to structure it.
Doug is 100% accurate with his statement on net risk and utilizing level death benefit option. You can shrink the corridor DRASTICALLY. When a client is in their 60s into 70s their corridor is absolute minimal, I have a contract that actually SHOWS the corridors, it drops to 3-6% of cash value, at 96 its 0% meaning there is NO COI. So if the client has $500,000 cash their assumed risk to insurance carrier is only $25,000, can’t do that in a whole life because it’s built on a LEVEL chassis not an Annual Renewable Term.
If you just focused on exposing the bad agents we would have so much common ground, you know how many agents I’ve heard say “it has to be properly funded and structured” yet when you ask them for an illustration showing that they’ve done it right, they can’t produce… THEY ARE THE PROBLEM.
I can just see it now, Chris, like the cartoon when you're brain is smoking with anger from listening to Doug, with the sound of the pressure building in a steam train getting louder and louder, you're shaking and turning red lol
🤣🤣accurate description 🤣🤣