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In this episode, we ask:
- What does it mean to lapse a policy?
- Were you able to hear Part 1 with Elan Moas?
- How many universal life insurance policies will pay out?
- What about Bank on Yourself-type Whole Life Insurance Policies?
- What are the problems with universal life insurance policies (that many purchased in the 90s)?
- How could a trillion dollar industry be wrong?
- What is an irrational product?
- What is the net amount at risk?
- What happens when the cost rises?
- What happens in the later years of one of these policies?
- What is target funding?
- What is the compensation problem?
- What is the likelihood of having success in these policies?
- How does one get an in-force illustration?
- What about the universal life lawsuits?
- What about the state warnings?
- What does every advisor need to hear?
- What happened in 2015?
- Who owns a universal life policy, an indexed universal life policy or a variable universal life policy?
- Would you like to see Elan’s scorecard in his book, Lapsed, The Universal Life Insurance Whistleblower?
- Would you like to hear Les Himel on the fine print in policies on Episode 311 and Episode 312?
- What about asking for the exact allocation given to you at the point of sale?
- Would you like to watch the video where Elan talks through how to ask for an in-force illustration?
- What are the takeaways?
- Would you like to speak with Mark?
- What about the regulatory changes in this space?
- What about evaluating your policy’s sustainability?
- Who needs to hear this?
- What about a whole life insurance policy an alternative?
Elan Moas, a seasoned financial advisor with over fifteen years in the industry, leverages his extensive experience and regulatory acumen to navigate the intricate world of universal life insurance. Holding multiple licenses including Series 6, 7, 63, 65, 2-15, and 2-20, Elan is a recognized advocate for ethical practices in financial advisory.
As the author of “Lapsed, The Universal Life Insurance Whistleblower,” Elan has scrutinized over 5,000 individual policies, uncovering structural flaws that have led to significant regulatory attention. His work includes submitting four SEC Whistleblower tips from 2016 to 2024, highlighting the high “lapse” rates and inherent issues within universal life insurance policies, particularly at major insurers like MetLife.
Through Moas Consulting, Elan provides ethical life insurance guidance, training for professionals, university lectures, and expert witness testimony. He has also shared his insights on various podcasts, becoming a sought-after voice on matters of financial integrity and consumer protection.
