Not Your Average Financial Podcast™
Episode 372: The IUL Illustrations are Illusions
In this episode, we ask:
- Why do indexed universal life policies (IUL policies) sales continue to grow?
- Why do we choose whole life insurance over other products?
- What about the refractor?
- How much risk are you comfortable taking with money you’re not willing to lose?
- Where are you on the risk scale (1-10)?
- How is permanent insurance different from term insurance?
- Would you like to hear Episode 371?
- What about the reliability percentage?
- Will it be enough to stay in force?
- Which chart would you pick?
- Is Mark willing to take that risk?
- Do IUL policies have a fixed and guaranteed premium?
- …What do you think happens?
- What is the basic definition of insurance?
- Can the policy itself support underfunding?
- What is the illustration beauty contest?
- Who wants the attractive impossibility?
- Who wants the certainty that efforts will yield results?
- How about a real-life example?
- How does universal life insurance really work?
- What about the Monte Carlo simulation?
- What control does the policy owner have?
- What is the problem of volatile returns?
- What percentage showed a successful outcome?
- What percentage showed a failing outcome?
- Was she sold a pack of lies?
- What what would the whole life premium be?
- What can change in an IUL contract?
- Is the cost of insurance the same?
- What does all of this mean?
- Is this a poorly conceived product?
- Are the IUL illustrations realistic?
- Can you unwind this when you’re 30 years older?
- What about co-authoring success?
- How might it bring financial freedom?
- Would you like to meet with Mark?