IUL Scams and Lies Exposed (The Truth about Indexed Universal Life)

Опубликовано: 06 Декабрь 2023
на канале: sirmoneymoves

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In this video I will be debunking a Primerica Agent's Claims on Indexed Universal Life Insurance!

I dive deep into the misconceptions surrounding IUL policies propagated by Primerica agents. Learn the truth about these policies and how to navigate the complexities of life insurance for a secure financial future. Don't miss out on this enlightening discussion!

Timestamps
00:00 - Video Backstory
02:18 - The first 5 years NO GROWTH
08:03 - You can ONLY get the death benefit OR the cash value to leave for your family. The company keeps one or the other. Who pays for two things and only gets one?
10:35 - The so-called strongest benefits immediately go away if you’re late one time.
13:58 - The fees eat up all the cash by the end, so it cannot grow as promised. Cap rates suffocate the growth as well.
17:24 - It has never beat the market in 100 years… Ever!
22:18 - There’re 22 million millionaires in the US and 1700 new ones created every day. IULs have not created one of them. You have a better chance of winning the lottery than getting wealthy through IULs.
25:01 - All of their illustrations ignore guaranteed examples. The only thing they have to pay you is what’s in the guarantee column.
29:30 - Over 30 years the average basic Roth beats an IUL in wealth creation, 33X to one.

#generationalwealth #investing #personalfinance

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DISCLAIMER: I am not your financial adviser nor your attorney. These videos are for educational purposes only. None of my content is financial advice, tax advice, or legal advise. You must always speak to a licensed professional to evaluate your specific situation. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments. I get commissions for purchases made through links in my video description box. Thank you for watching!