IUL Presentation Needed ?

Mar 5, 2013

  1. jerryrut
    Offline

    jerryrut Guru

    Posts:
    567
    Likes Received:
    279
    I don’t sell the crap so I don’t know the BS terminology but I do know how it works and it is a scam. It makes no difference how much CV you build up, you lose it when you die unless you cancel your policy; in the meantime while building this bogus CV the family is woefully underinsured. End of story, I don’t need anymore lectures on how great it is, it is shit.
     
  2. dbab
    Offline

    dbab Expert

    Posts:
    75
    Likes Received:
    39
    State:
    Texas
    :)

    Well, you are correct, you don't know!
     
    dbab, Jul 10, 2019
  3. DHK
    Offline

    DHK "YOU CAN'T HANDLE THE TRUTH!"

    Posts:
    8,414
    Likes Received:
    2,243
    State:
    California
    No you don't, you ignorant ****.

    Net Amount at Risk

    Net death benefit = cash values + net amount at risk - any outstanding loans.

    Note: That applies to FE policies too.

    Your terminology is lacking and unprofessional. These are legal and economic contracts... and you don't know what you're selling already.

    You think the net death benefit just "fully appears" like magic from the company's reserves? No. It's the cash value + the amount at risk that is paid out.

    That's life insurance 101. Well, at least it is if you've passed high school.
     
    DHK, Jul 10, 2019
  4. DHK
    Offline

    DHK "YOU CAN'T HANDLE THE TRUTH!"

    Posts:
    8,414
    Likes Received:
    2,243
    State:
    California
    Lesson in Life Insurance7.jpg Lesson in Life Insurance8.jpg Lesson in Life Insurance9.jpg
     
    DHK, Jul 10, 2019
  5. Allen Trent
    Offline

    Allen Trent Guru

    Posts:
    478
    Likes Received:
    351
    I don't sell it either. but I own a bunch of it to act as my bond portion of my overall portfolio & help me tax diversify my retirement income (something a CPA should understand).

    by the way, you don't lose the CV when you die. With a level death benefit policy, your cash value grows & replaces your original face amount, thus lowering the amount you are being charged for cost of insurance. IE: if I buy a $100,000 level face amount & cram deposits in as fast as possible & build a $70,000 CV, I am only getting charged for $30,000 of insurance because that is all the carrier is risking. So, If I die, my family gets my $70k CV and the remaining $30k of insurance I am buying from the carrier at the time.

    Send me your customers tax returns, especially those over 60, I guarantee I can give them all ideas on how you are not helping them to maximize income & minimize taxes. your 60-70 year old client couples that live mainly on Soc Sec but have money saved in IRAs & annuities should be increasing their income by withdrawals from IRAs/Annuities to boost their taxable income to take advantage of their entire standard deduction. this will lower the income taxes owed when they die on those funds. if they are smart, they could then use those annual distributions to max fund UL or max fund WL/PUAR to leverage those funds for greater tax free money to heirs.

    I hope you realize you don't need to be a fan/proponent of something without being ridiculously against something, especially when you don't understand the most basic definitions of the concept.
     
    Last edited: Jul 10, 2019
  6. jerryrut
    Offline

    jerryrut Guru

    Posts:
    567
    Likes Received:
    279
    The sad part is you have no idea how stupid that is, you took a huge gulp of the koolaid:)
     
  7. DHK
    Offline

    DHK "YOU CAN'T HANDLE THE TRUTH!"

    Posts:
    8,414
    Likes Received:
    2,243
    State:
    California
    Troll... and I keep letting myself get caught up in this.
     
    DHK, Jul 10, 2019
  8. jerryrut
    Offline

    jerryrut Guru

    Posts:
    567
    Likes Received:
    279
    Not sure what a troll is but if exposing scams means that, then I’ll gladly be one. You should be ashamed but you’re not.
     
  9. DHK
    Offline

    DHK "YOU CAN'T HANDLE THE TRUTH!"

    Posts:
    8,414
    Likes Received:
    2,243
    State:
    California
    You haven't exposed anything except your own ignorance.
     
    DHK, Jul 10, 2019
  10. DHK
    Offline

    DHK "YOU CAN'T HANDLE THE TRUTH!"

    Posts:
    8,414
    Likes Received:
    2,243
    State:
    California
Loading...
Similar Threads
  1. sam816
    Replies:
    10
    Views:
    2,037