IUL on Steroids
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- Опубликовано: 13 сен 2024
- THIS VIDEO HAS BEEN DISCONTINUED. PLEASE GO TO UPDATED VERSION OF THIS VIDEO: • IUL on Steroids
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The Wealth Protection Lady makes content available as a service to its customers and other visitors to be used for informational purposes only. While our best intentions are to provide accurate and timely information, you should always consult with retirement, tax, and legal professionals prior to taking any action.
I have listened to a bunch of IUL you tubers and you are the only one to address lowering the death benefit to increase the rate your cash grows.
Thank you
True
I just updated this video to include new information. It is a bit longer but includes important details.
What’s your take on MPI? Curtis Ray offers this and people are either extremely for it or extremely against it. What’s your opinion on it?
I just stumbled onto your fantastic channel and wish I saw you two weeks ago
I just signed with national life group but I am sure I am not getting the best deal.
I actually set up a meeting tomorrow with the broker because of all the knowledge I am getting from your channel. Is it still possible to come to you? I am putting as much money in as possible. Would love to give you my phone number but not sure …….. may I send email?
Thank you in advance
Hey! Does ANYONE offer an IUL that DIRECTLY shorts an index anticipating a stock market decline? I know Prism re-balances daily.
What would you recommend for people who don’t want to settle for a 0% floor for the next 5-10 bear market years? what is the best General Account Portfolio rate %? Is it fixed or variable rate? does it change each year? Is GAP rate based on risk-free rate of return on actual treasury market yields?
Would you even recommend IULs if the client anticipates a long bear market ahead?
Nice content. The truth is, money is worthless until you put it to work. Successful people look for business to invest on and make more money.
Most people today have been having a lot of failures in investing because of poor orientation and bad experts.
@Yanis Renard. M You're Right 💯💯
I do see it that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
With all this all going on in the world we have no option than to invest in bitcoin
She's on whats Apk Messenger☝
If you separate the allocation like 50/50, 40/60, or 30/70 between the 1 year & 3 year the client will be able to see growth every year & the 3rd year will see a massive amount of growth! Thanks for the information on this product! Me personally would like to see what the asterisk note has to say. Nationwide new heights has a participation rate of 195% with a guaranteed rate of 100% but they don't reallocate everyday. Interesting info tho
LOVE THIS CHANNEL. SIMPLE UNDERSTANDING, NOT BORING EXPLAINATION. JUST LOVE♥
Thank you.
just found you today will watch all your clips and keep in touch tks
Can you recommend a reputable agent to assist with restructuring an IUL the right way?
Hi, Steven! Complete the questionnaire in the link and we can find a time to talk. At the end of the questionnaire, let me know that we communicated via RUclips. application.wealthprotectionlady.com/
Thanks for the charges sheet - would you be able to breakdown the policy issue charges column into its constituent line items?
Question, in your chart comparing the 1 year vs 3 year Index interest strategies (around 10 minutes 30 seconds into video) for the 1 year data, you are showing 125% growth every three years, but should that not be 125% every year? Or, do I just not understand how that is being applied and represented. I would think if you get 125% every year in the yearly plan, that would out perform 190% every three years.
Thanks for the information you have provided on IUL's and what to loo out for.
With the 3-year PRISM index, you are credited interest once every 3 years but all 3 years of premiums are credited interest as if all funds were in the policy day 1 of the 3-year period. You would be credited 115% + 190% of the index gain.
Appreciate the example.
Is it possible to call you to check out our options
If you would like to schedule a time to speak with me, complete this application: form.typeform.com/to/SNfW1IBA
Thank you for you’re hard work.
In IUL for dummies, you mentioned Kai-Zen as the go to insurance company for IULs, but in this video, you mentioned Securian as the go to insurance company for IULs. Your site also lists Kai-Zen. Can you do a follow up comparing the two and give your opinion as to which one you truly believe is the best?
The problem with Kai-Zen is you do not have access to your money for 15 years because lenders are involved and it take 15 years to pay the lenders back. Most people want to have some kind of access to their money.
Thanks…you explained very well..thank you 😎👍
Glad it was helpful!
First of all, you are awesome! Would you recommend a person to transfer their IRA to an IUL even with the taxes and fees one will incur?
What do you think is the best FIA out there at this time?
Thank you Tobias! You made my day!
Regarding cashing in an IRA for an IUL, it depends. You would have to pay taxes and the 10% IRS penalty if you cashed in your IRA (if you are under the age of 59 1/2) and also consider what tax bracket that might push you into. That said, people do it especially if they are worried about a stock market crash. You could also roll an IRA into an annuity for safety without any tax consequences.
Regarding a FIA, I have one I love that is specifically for cash accumulation and there are zero fees!
@@WealthProtectionLady which FIA do you have?
15:41 loan charge and crediting rates are contractually fixed at 4.75% and 5.25% or they can be adjusted by Securian relative to prevailing market loan rates?
20:16 is policy issue charge a euphemism for agent commission, or some other unspecified bundle of charges? Why are the interest and crediting earned so low in years 1 and 2? Is the participation rate applied to CV each year? Given the 10%+ annual charges against premium outlay each year, how well does the PRISM index participation and bonus have to do in order to outrun those net cumulative policy charges over the first 10 years (until the bonus interest credit begins to repay the those early policy charges)?
You have a lot of detailed questions! You should just schedule a time to talk with me. Here is a link to my calendar: calendly.com/suecunningham-1/60min
@@WealthProtectionLady will do - have some other agents I’ve been evaluating, looking for the most transparent and Reg BI style agent for this prospective engagement
1:01 what is the lowest possible commission for you, first-year and renewal-year?
It depends on your age, gender, health and premium.
@@WealthProtectionLady willing to hold forth on a range of commission as % of premium?
I just subscribed to your channel. I am a Canadian Citizen. I was never thought about Investing, Stocks etc... and as a result, I have no retirment plan, just a little savings,I have no asset, no life insurance of any kind but I have a good job and no debt. I wish I knew about IUL when I was younger but I had to work hard, taking care of my children and didn't know much about learning from youtube or to educate myself through youtube and with English being my second language, it was even more difficult to learn. What should I do now? I am scared! IUL is a great idea, but I don't know if I qualify at 63. I am just learning about Stock, bunds and s&p 500 and with everything I have learnt sofar, I was going to invest in S&P 500 and keep it for at least 10-15 years to compond interest. I have been watching many youtube videos in a hope to make a good decision for my retirment!! Please guide.
Hi, Mojdeh! I think most of us never got an education on cash value life insurance. I am 62 and I would consider someone who is over the age of 65 too old for an IUL. You just need to contribute to an IUL for at least 7 years. I wish I could tell you who to go to in Canada for an IUL, but I don't know any life insurance agents in Canada even though my mom's side of the family and my sister both live in Newfoundland. Just make sure whoever you go to understands how you want the IUL to be structured -- for the lowest death benefit the Canadian Revenue Agency will allow.
@@WealthProtectionLady Thank you for your message but I am still confused what should I go after in regards to IUL!!?
Hi there, thank you for reaching out again, I truly apprecit it.🙏...I am still in the same place as I was before and hoping for a good guidance! When would be a good time to call you? I live in Victoria, Bc. I am not sure if our hours are the same or not?! Thanks again. 💞🙏🙏
Please please please do me a HUGE favor and research into Curtis Ray MPI which is “IUL on Steroids.” It seems like you really are genuine and honest and very knowledgeable in what you do. After understanding what MPI does which is an IUL with a RELOC feature, is it a good option?
Cory, unfortunately, I do not have the time to research this right now. My mom just passed away and I am in the middle of settling my parents' estate and moving from Texas to California.
Thanks for the detailed explanation. With the current economy (stock market drop, recession and inflation) how would you forecast this IUL performing? I suppose the floor is 2% at least but the inflation is eating up any cash now. How as this index adjusted each day now?
The index performance during market downturns and recessions is noted in the video. In 2008 when the S&P 500 lost more than 38% of its value, the PRISM index had a gain of 20.47%. The index invests in equities, bonds and commodities. At the end of every business day, they select an weight how they will invest for the following day.
Thank you for this! I’m mulling a custom Whole Life vs a structured IUL - would the potential interest of the Prism based IUL offset dividends you’d accrue with a custom whole life?
The PRISM index is proprietary to Securian and Minnesota life. Very few agents even have access to sell a product with the PRISM index because the designer of the index, Annexus, hand picks their financial professionals in order to protect their reputation. I don't sell whole life because it is so expensive, so I can't answer your question about interest offsetting dividends.
Hey! How did PRISM do for 12/17/2021 year? Can you send me any meat on how the designer re-balances in recessions? Does he ever short the market using options? I am shorting the daylights out of the market making money in my sleep! But i want it to be tax-free! Im trying to find someone that links to an index that shorts the market when appropriate that results in index gains!
I looked up Annexus PRISM index and the only thing I could find at all was the S&P PRISM index which does 6% over a 10 year period. If I'm doing something wrong here I'd appreciate a push in the right direction. Because even with 190% participation, the max over ten years you're getting is 12%. If you're doing 3 year point to point it'd be closer to 7%.
Please tell me if I'm wrong here?
Is there a minimum monthly contribution for this IUL?
35 great health, non smoking male.
I have never had anyone contribute less than $100 per month.
Can I open a iul with you
Yes, Joshua! Fill out this application and we can find a time to talk: application.wealthprotectionlady.com/
Can you give me a quote?
You can complete this questionnaire and we can find a time to talk: application.wealthprotectionlady.com/
Thanks for the content! Are you still working this?
Yes. If you would like me to structure an IUL for you, please fill out the questionnaire, . application.wealthprotectionlady.com/
It seems they don’t currently offer the ‘Balanced Growth Accumulator II” policy anymore with the S&P Prizm 3-year anymore. Of the current IUL policies out there, including those of Securian, are they any you currently recommend with the best cash value accumulation?
Hi, Evan! Very few agents have access to the BGAII. The designer of the index hand picks their financial professionals in order to protect their reputation. I am one of the few.
@@WealthProtectionLady Are you still taking on clients? I’ve heard that there are non-consumer IUL policies out there.
So I make like 50k a year with a family of 6, so my monthly contribution is not so much are there products for me available?
Yes -- this Securian/Minnesota Life product.
I get it all. But what is the calculation for amount allowed by IRS? its based on my policy amount? Im assuming-just wondering on the calculation.
I'm not sure exactly what you are asking, but the lowest death benefit the IRS will allow is based on your age, health, gender and the amount of your premium. If you are talking about the Modified Endowment Contract limit, that is based on your annual premium and your age. The closer you get to 60, the gap closes with regard to how much more you can contribute without creating a MEC.
I’m 67 and continue to work. I just found out about IUL’s. Is it too late for me? I’m healthy and my family has a long life expectancy
It is usually not recommended for people over 65.
Hi quick question…I have someone that wants to rollover a 403b as a cash contribution to IUL from a brokerage firm. Is that possible?
IULs can only be funded by non-qualified money.
Hello...are you using the Laser Fund program style? Thanks in advance.
No. I haven't had the time to check out the Laser Fund so I can't even tell you if there are any differences.
I submitted a request through your website. Is there a way to speak with you directly to explain my structure/circumstances?
Yes. Complete this questionnaire and we can set up a time to talk: application.wealthprotectionlady.com/
I have watch your videos and would love to to set up a IUL account with you> how to go about that?
HI, Marcos! Complete the following questionnaire: application.wealthprotectionlady.com/
Hello!
What do you think of National Life Group IUL does it come close?
There is no index I have seen that performs as well as the PRISM index does or guarantees what it does. It is proprietary to Securian and Minnesota Life and very few agents have access to it because the designer of the index hand-picks their financial professionals in order to protect their reputation. They only want agents who always take the lowest commission possible.
What is the name of this product
For Securian Balanced Indexed Account 7, are the participation and allocation rates contractually guaranteed for as long as policy is in force? Or can Securian adjust those rates (for any reason)?
As I said in the video, those numbers can go up or down but they are both guaranteed at 100%, so you will always receive at least 100% of any gain in the worst case scenario.
@@WealthProtectionLady to be sure I understand, participation rate declared at 115%, but may go down to 100% (no lower, contractually), allocation rate declared at 190%, but may go down to 100% (no lower, contractually)? Just trying to get a sense if these are teasers on the part of Securian - what is the carrier’s history of participation and allocation rates on actual (in force) contracts for this flavor? (Not referring to the backtesting slides Securian provided)
Where can I find statistics on lapse rate of this product?
In what states do you sell policies? I am interested in accelerated death benefit as one part of a LTC insurance plan.
I am licensed in every state
@@WealthProtectionLady I submitted a request through your website. Is there a way to speak with you directly to explain my circumstances/structure?
My restaurant takes in $500K a year. Can I funnel all sales into an IUL and then turn around and take a loan out for the restaurant bills etc?
You have access to your money, so yes.
Hi - do NY residents qualify for this IUL? I am looking to diversify my portfolio with an IUL. Btw - awesome content! 👌
No. I am so sorry. NY is just weird!
@@WealthProtectionLady doesn't National life group have the IUL for NY?
As an independent agent are you with an IMO or FMO?
Yes. I run my applications through an FMO
I would like to do this could you help me!
Complete the questionnaire from the following link and we'll get back with you: application.wealthprotectionlady.com/
Hi I’m interested in a IUL
Hi, Francisco! You can fill out this application and then we can find a time to talk. application.wealthprotectionlady.com/
What is your loan or interest on loans? Is it capped?
Fixed loans are 4% and they credit you back 3% in the first 10 years. After that, they credit you back 4% so it's a wash. The Indexed Loan is 4.75% and you are credited back however the index loan account performs. Over the past year, the indexed loan has performed at an average of 15%.
Hello, my 22 year old has a structured settlement in place. She draws 1,000 monthly for the next 20 years. At the 20th year she gets her 500k she invested. So it comes out to be a little over 800k within the 20 yr agreement.. My question is, would that 500,00 grow faster in a IUL? Also, I'm wondering how do I have her invest a quarter of the 1k monthly payment into a compound interest account on our own?
The way a lump sum works in an IUL is for example, if you put the entire $500,000 into an IUL, you would divide that up into say 10 years. The first year's premium would come out and the rest of that money would sit in a premium deposit account earning 2.75% interest. Then, the next year's premium would come out of that in year 2 and the rest of that money would sit in the premium deposit account. With that amount of money, you could find another way to make more interest than 2.75%. Otherwise, paying a monthly or annual premium with the Securian product gives her safety, guarantees and a good return on her money. If she is interested, she can complete the following questionnaire: application.wealthprotectionlady.com/
I have a concern about new indices, e.g. what keeps any carrier from reverse engineering a new index that back tests well, apart from any sense of how it might compete with an established index going forward? Nothing against Securian (or any particular IUL carrier), just in general when carriers introduce new indices: do you have any concern that the introduction of new indices could be driven by a marketing team?
I don't know how to answer this question. This is not a conspiracy.
@@WealthProtectionLady Radical transparency. This is capitalism.
@@dmoon9037 I feel like this is a legitimate question. I don’t have the answer, but your concern may be why some prefer a more established index such as S&P.
Can you write insurance for someone that lives in Mississippi?
Yes. I am licensed in just about every state.
what do you think about curtis ray's mpi?
Hi, Brooks! I am familiar with his name; however, I do not keep up with him. It sounds like MPI is just an IUL.
I am interested in purchasing an IUL. Your video said to click on the link below, I am not seeing a link? Please let me know who to contact you, so we can further discuss my options. Thanks
Here you go, Faye. form.typeform.com/to/SNfW1IBA
What IUL is there for starting over 50?
You can start any IUL over 50.
I would like to do this. How can we talk.? I live in WV
HI, Michael! Complete this questionnaire and we'll find a time to talk. application.wealthprotectionlady.com/
I'm 66 and retired. Will this work for me?
IULs are not usually recommended for people over 65
Can it do better than Curtis Ray's MPI structured IUL?
I am not familiar with Curtis Ray. It's all about the index, participation rates, guarantees. and fees. Some IULs can look good on paper, but the fees will get you in the end.
@@WealthProtectionLady you should check him out on RUclips as he has created a plan with Mutual of Omaha where he leverages the insurance company's money to put back in as additional premium payments to accelerate your annual percentage from 10 to 15 percent. You use the participanting loan for 4% and 3% is spilled into your cash value along with your 7% you earn from your premium payment and you can take the loan out at the beginning of the 3rd year and every year after that until you are ready to retire, than you want have to make any additional premium payments. He sets this up so that the average person can have a tax free retirement income.He does the Max funded option b increasing Death Benefit IUL and he also has decreasing fees like you talk about. Please check him out and compare and contrast what he does to what your plan does. You should reach out and work with him as both of you could learn from one another as you both are passionate and like to help people!!!
North American Insurance Company >>>>>>
How can I get started ?
You can complete the following questionnaire: application.wealthprotectionlady.com/
Like to talk to you
Fill out this application, and we can find a time to talk. forms.office.com/pages/responsepage.aspx?id=3l0-m7HgXUi3y7StDWQU9ZwN7RJ0k-lHkZZ_YTWrs55UNlVDWUdHRVhEVlFDWDBRTzM1VkxZMlQ1MCQlQCN0PWcu
Are you still doing policies?
Yes. If you are interested in an IUL, please complete this questionnaire: application.wealthprotectionlady.com/
How do I become an insurance agent?
You would need to take a course, which you can do online, and then take a proctored exam in order to get your license.
@@WealthProtectionLady Do you teach/ work with students? I would like to get into the industry to make a difference. I love the fact that you are knowable and honest. Other people have been too sketchy for my liking.
Can I get this type of policy on my children?
Absolutely!
@@WealthProtectionLady Sue, I want to start one for my children and my spouse. What is the best way to reach you? is it through your email?
I wanna get an account started
Fill out this application to schedule a time to meet with me: form.typeform.com/to/SNfW1IBA
I would love to have one of these for myself and start one for my daughter (she is 10) so she could have an amazing life! But $1,000 a month isn't in my price range. How horrible would this be if I did $250/per policy, so $500 a month?
Or should I just wait until I get further along in my career
Nicky, that was just the example I used for the video. $250 per month works. If you would like me to run an illustration for you, please complete this questionnaire and we can schedule a time to go over. your needs: application.wealthprotectionlady.com/
I’m in the same boat, and I’m a recently licensed agent. Your videos are clear and I’m learning a lot. I hope to dig myself out of my financial hole and help my kids start on the right foot, but 1000/mo isn’t doable for me :( glad there are options for $250!
Hi I’m trying to get started an get a IUL account
DeMario, please complete this questionnaire and we can schedule a time to go over. your needs: application.wealthprotectionlady.com/
Can you set up my IUL?
Yes. Please complete this questionnaire and then we can set up a time to talk about your needs. application.wealthprotectionlady.com/
How to reach you?
Complete this questionnaire and we can set up a time to talk. application.wealthprotectionlady.com/
OK, there is absolutely no way you’re legally allowed to say that you’re IULs are going to outperform any other IUL, 401(k), or IRA. That is “Things not to say as a financial representative 101.” Hopefully no state regulators come across this video. That is the kind of stuff that you can get your license taken away over.
Tommy, tell me your 401k or IRA performs as well as the S&P PRISM Index has performed over the past 10 years at an average annual return of 12.93%. No losses ever. Were you able to take a loan from your 401k or IRA immediately with no IRS penalty or having to pay taxes on the gains and make 10.25% arbitrage on the money you loaned yourself? I welcome state regulators because I am doing nothing wrong. I am only educating people on things they don't understand...like how IULs are a better investment than a 401k or IRA. How much have you lost in your 401k or IRA since November? If you had an IUL, you would not have lost a penny and the PRISM index has only risen because it is rebalanced at the end of every single business day.
hpw dp I contact you? link where is the link
Here is the link: form.typeform.com/to/SNfW1IBAform.typeform.com/to/SNfW1IBA
How can I contact you
Go to this link: application.wealthprotectionlady.com/
Please email me