Sheryl J Moore
Expert
- 66
He specifically said, "THIS IS HOW BILLIONAIRES GET RICH!" I can't hold my breath until the regulators get social media enforcement. Good Lord!
The IUL conundrum: big sales and big problems
- Thread starter marindependent
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- iul life insurance sales
- 11,422
Geez.
I tell people there are only 3 kinds of financial plans:
1) Safe & Secure
2) Comfortable
3) Plan to be rich.
I always tell people that no financial planner will make anyone rich. We can help preserve wealth, pass it on to the next generation with quality planning, but planners don't make people rich.
Now, if this was about Curtis Ray, he does talk about his investigation by the State of Washington's DOI and using life insurance as a source of collateralized funding for other investment opportunities and putting it all back in the policy... and I think there's some serious risks with that. I think that's more for an accredited or sophisticated investor as defined by the SEC, not the lay person.
This is Caleb Guilliams podcast with Curtis Ray that was just posted yesterday:
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