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In this episode, we ask:
- Are you ready for a new way of thinking about your life and your money?
- What if there was a relatively new life insurance product that lets you share in a portion of the gains in the market and protects you from the market when it tanks?
- What is Indexed Universal Life insurance?
- What is permanent life insurance?
- What’s the difference between permanent life insurance and term insurance?
- What is the sampling of permanent life insurance?
- What are their abbreviations?
- What is Whole Life?
- What is Universal Life or UL?
- What are the benefits of UL?
- How is the Universal Life product built?
- Why did the companies create Universal Life?
- What are the subtypes of UL?
- What is Variable Universal Life (VUL)?
- How is it like a mutual fund?
- What is a sub account or separate account?
- What’s the difference between a Whole Life Insurance policy and a Universal Life policy?
- What is the general fund of the life insurance company?
- How is the general fund allocated?
- What about IUL? Indexed Universal Life?
- What indexes do IULs use?
- How is an IUL different from a VUL?
- How did we end up with these various products?
- What is the history of these products?
- When did UL pop up?
- What happened to the pensions?
- How did the 401(k) affect employees?
- What is the idea behind life insurance?
- Who were the key players who brought this into fruition?
- Who is E.F. Hutton?
- What were the illustrations like on Universal Life policies in the early 80s?
- What happens with term insurance products?
- What is Annual Renewable Term (ART) insurance?
- What happens to the term component in an IUL policy?
- How was UL marketed?
- What did Ralph Nader suggest?
- What concerns has NY state expressed regarding selling UL policies?
- What does DALBAR say the average equity investor is doing?
- Why would someone want an IUL?
- What are the upsides?
- Is an IUL a good fit for cash accumulation?
- Can you use IUL for Bank on Yourself?
- Is a UL policy a good fit for you?
- Why should you be much more cautious with a UL?
- What are your goals?
- Should a higher rate of return on cash value be a driver in the decision?
