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In this episode, we ask:

• Should you keep or buy a Universal Life (UL) insurance policy?
• What are Universal Life (UL) insurance policies?
• What are the variations of Universal Life (UL)?
• Are Universal Life (UL) illustrated values over optimistic and misleading?
• What are the guarantees on the guaranteed illustration on the UL?
• How long is the track record for UL policies?
• How likely do you think it is that the market indices will increase by the exact same percentage ever single year?
• What’s the difference between the average rate of return and a cumulative rate of return — and why does it matter?
• What are the costs and charges on a Universal Life (UL) policy?
• Why do some UL surrender charges last 10 or 15 years?
• How are Bank on Yourself type policies different from UL policies?
• Can you anticipate what your cash value is going to be with a UL?
• What is the most rigid and punishing of all of the life insurance products available?
• What is a mortality table?
• What is Annual Renewable Term (ART) insurance?
• Do carriers reserve the right to increase mortality costs and expenses over time on a UL?
• What are the guarantees on a Universal Life product?
• Are you going to pay for the term insurance increases?
• How do late payments affect the guarantees in a UL policy?
• How are dividends applied to Indexed Universal Life (IUL) policies?
• What is the real return (CAGR) without dividends applied?
• Is an UL illustration fictional?
• What is a no lapse guarantee?
• What happens with an IUL policy if you reduce or miss premium payments?
• Can you reduce pay up an IUL policy?
• Will your income be increasing as you age?
• Do loans have risk with UL policies?
• Why are there so many class action lawsuits against the carriers offering UL policies?
• How is the customer service on IUL policies?
• Why don’t we choose to write UL policies?
• What happens when the industry moves on from the UL and you haven’t?
• How are Whole Life policies different from Universal Life policies?
• With Universal Life and all of its variants, who burdens the risk?
• Why would anyone consider buying a Universal Life insurance policy?
• Why bundle risk and insurance together?
• What are the additional risks?