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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.
Brian Claus
Nick Prefontaine is a 3x best selling author and was named a top motivational speaker of 2022 in Yahoo Finance. He’s a Speaker, Founder and CEO of Common Goal. 
David C. Barnett has been working with small businesses for over 20 years. He’s helped them grow, he’s helped entrepreneurs buy and sell them, he’s helped people finance them. David is the author of 8 books about small business transactions and local investing. He’s the host of a YouTube channel with hundreds of videos about buying, selling, financing and managing SMEs and can be found anytime at his blog site 
Tanisha Souza, J.D., is an author, patent-holder, professional speaker, wealth and passive income coach, and entrepreneur. She has a passion for teaching people how to live their dreams by quickly building passive income without risk. Tanisha quit the practice of law after replacing her income with passive income from real estate, and she launched Tardus Wealth Strategies, a full-service wealth and passive income coaching firm. Tanisha studied and obtained her bachelor’s degree at U.C. Berkeley and obtained her juris doctorate from the U.S.C. Law School.
Max Brusky is an attorney specializing in civil litigation, particularly insurance defense, coverage, and subrogation. He is currently an “in-house” and Claims Director for a national trucking company. He is a happy husband to a happy (and brilliant, and understanding) wife, and the proud father of two, one in college, one almost in college. He currently lives in Chicago’s far west suburbs, but still considers himself a Wisconsin expatriate.
Vince Shorb is one of the country’s leading advocates for promoting financial wellness and a thought leader in teaching and scaling financial education programming.After spending 15 years in financial services working one-on-one with more than 20,000 people, he founded the National Financial Educators Council – an organization dedicated to combating the financial illiteracy epidemic. He is the current CEO of