I’m not in favor of IULs.

[Allen Trent]

You need to watch some Doug Andrew videos on Youtube. He will explain how IUL is the best investment you can make.

Is this the same Doug Andrew?

Paramount Financial Services, Inc. d/b/a Live Abundant - SEC.gov https://www.sec.gov/litigation/admin/2020/34-88070.pdf

Eddie L. Cressy - Truth in Advertising https://truthinadvertising.org/wp-content/uploads/2014/08/Cressy-v.-FG-Life-Insurance-pre-app.pdf

ADMINISTRATIVE COMPLAINT – Page 1 LAWRENCE G. WASDEN Attorney ... https://www.finance.idaho.gov/legal...-a-andrew-maxfield-watson-admin-complaint.pdf

 

[Jab246jab]

Is this the same Doug Andrew?

Paramount Financial Services, Inc. d/b/a Live Abundant - SEC.gov https://www.sec.gov/litigation/admin/2020/34-88070.pdf

Eddie L. Cressy - Truth in Advertising https://truthinadvertising.org/wp-content/uploads/2014/08/Cressy-v.-FG-Life-Insurance-pre-app.pdf

ADMINISTRATIVE COMPLAINT – Page 1 LAWRENCE G. WASDEN Attorney ... https://www.finance.idaho.gov/legal...-a-andrew-maxfield-watson-admin-complaint.pdf

Yes that is the Doug Andrew from Youtube. Looks like he had a couple of policies that didn't work out for him. Many of his IUL policies must have worked out or else he would have more complaints and lawsuits.

 

[DHK]

Yes that is the Doug Andrew from Youtube. Looks like he had a couple of policies that didn't work out for him. Many of his IUL policies must have worked out or else he would have more complaints and lawsuits.

You didn't bother to click on those links. Had nothing to do with a "couple of policies" but everything to do with misrepresentation. And those complaints came from the SEC, the State of Idaho, and class action lawsuit in Los Angeles California.

How many complaints and lawsuits are enough for you?

You can learn from him if you want. It's just your license, livelihood, and reputation on the line.

 

[DHK]

You need to watch some Doug Andrew videos on Youtube. He will explain how IUL is the best investment you can make.

And please be very clear in your communication. IUL is not an investment in how most people define investment. It is not a security regulated by FINRA or the SEC. It is an incredible asset that can be leveraged in multiple ways.

Considering that you're learning from Doug Andrew and his litany of complaints regarding misrepresentation, you may want to be extra clear in what you say and write.

 

[Jab246jab]

And please be very clear in your communication. IUL is not an investment in how most people define investment. It is not a security regulated by FINRA or the SEC. It is an incredible asset that can be leveraged in multiple ways.

Considering that you're learning from Doug Andrew and his litany of complaints regarding misrepresentation, you may want to be extra clear in what you say and write.

I thought Doug Andrew gave solid advice. But if it is so bad how was he able to stay in business for almost 50 years. Most of his policies he sold must have performed the way he said they would perform?

 

[DHK]

But if it is so bad how was he able to stay in business for almost 50 years.

Marketing. He's an exceptional marketer.

 

[Jab246jab]

Marketing. He's an exceptional marketer.

What do you think the success rate is on all the IUL policies he sells?

 

[DHK]

What do you think the success rate is on all the IUL policies he sells?

I have better things to research and think about.

 

[scagnt83]

I thought Doug Andrew gave solid advice. But if it is so bad how was he able to stay in business for almost 50 years. Most of his policies he sold must have performed the way he said they would perform?

He spews extremely inaccurate statements about IUL. Stuff that is easily fact checked...

IUL is not the "best investment there is"... nothing is "the best".

IUL has only existed for around 20 years. Only heavily sold for the past 10 years.

Cap renewals are the biggest danger of IUL, and many consumers have been lied to about how renewals work (by people like him). Many consumers have current caps that are significantly lower than when they started.... and they are pissed...

 

[scagnt83]

What do you think the success rate is on all the IUL policies he sells?

Not enough time has gone by to accurately gauge success. It took 20 years for ULs to start imploding and the class action suits to hit the fan.

And from what I have seen of the products he sells..... he is lucky he is at the end of his career...

(he sells low rated carriers with horrible renewal rates..... but very large commission payouts...)

Also, anyone who promotes "100% returns" is a scam artist. That is an illegal statement to make in the financial world... and a complete lie.