Discover the different kinds of Life Insurance and why you need the right kind when you’re building wealth with IBC
I appreciate these videos. I am a user of the concept. I am also a user of
IUL policies and some of the things you talked about in this videos are
generalizations about that product. Much like we don’t like people to
generalize whole life and what it does, generalizing UIL isn’t good either.
Glad you enjoy the videos we make available. This specific video was meant
to be a general overview of several different types of life insurance. The
reason we don’t ever recommend IUL to our clients is because of the extra
risk that a policy holder incurs. We would encourage you to read a Whole
Life contract and an IUL contract side by side. Highlight all the things
that “can be changed” by the insurance company and please compare the two.
I have both types of policies and honestly each operate for a specific
purpose and each has pros and cons. I know that the “worry” of things that
can be changed is a big argument against IUL. Consider though, the fact
that if a company is doing all kinds of “changes” who is going to stick
with that company? It’s a mute point really. I’ve compared and honestly
cant see an substantial benefit difference for what I use MY policies for.
Thanks again for all your work spreading the truth!
Thanks for sharing your perspective Trevor. We’re not opposed to IUL just
for the sake of making a statement, but do not believe it’s worth taking
the extra risk… especially for what we teach. We like to sleep at night
knowing that the insurance company is giving max guarantees and minimizing
very good presentation, I enjoyed your smile and your energy. Blessings!
You have taught me more in 15 minutes than my personal finance teacher has
taught me this entire semester! THANK YOU!!
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