https://www.youtube.com/watch?v=9FkwOp08REc Indexed Universal Life Insurance can seem attractive. At some point in your Infinite Banking research, you’ve probably even heard about using IULs instead of whole life insurance. Consequently, we get a lot of questions about whether IULs are better than whole life insurance. Usually, this is because the illustrated values are better than for whole life, with lower premiums. And there’s the appearance that you can’t lose money because of “downside protection and upside potential." Comparatively, whole life can look expensive and pretty boring. However, IULs have significant risks that prevent it from being compatible with Infinite Banking. These risks are causing many people to be in danger of losing policies they’ve paid into their whole lives. We’ll expose the truth about IULs and show you the darker side of the inner workings of these insurance policies. And we’re not the only ones raising red flags about Indexed Universal Life. Despite the popularity of these policies, some of IUL’s dirty laundry has been coming out of the closet. The product itself has a reputation stained by lawsuits and even a warning by the state of New York outlining the dangers of IULs. The Truth About IUL Risks In today’s show, we’ll discuss the risks of IULs. Indexed Universal Life is a complex product with many moving parts. This conversation is not intended to be comprehensive or fully explain IULs. Instead, we’ll highlight the reasons why we don’t personally use and almost never recommend them. We’ll answer: * What is Indexed Universal Life Insurance, and how does it work?* What are the IUL risks?* How can you lose money inside an IUL, even though it has downside protection with a minimum interest rate?* Aren’t the illustrated values better for IULs than for whole life insurance?* Doesn’t the money in an IUL only grow and never go down?* Can IULs be used for Infinite Banking? Today’s conversation will uncover IUL risks so that you can avoid the trap of unfulfilled promises. Then, you can ensure you’re setting yourself up with the solid ground of certainty and guarantees. In a follow-up episode, we’ll talk with Todd Langford, the creator of Truth Concepts, to further dissect IUL’s mathematical and statistical faults. Where Life Insurance Fits into the Cash Flow System Life insurance is a critical part of your financial life. However, it’s just one step in the bigger journey to time and money freedom. You need all the pieces in place to produce wealth systematically. That's why we have created the 3-step Business Owner's Cash Flow System. It's your roadmap to take you from just surviving, to a life of significance, purpose, and financial freedom. The first stage is the foundation. You keep more of the money you make by fixing money leaks, becoming more efficient and profitable. Then, you protect your money with insurance and legal protection and
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