Had a call about Equity Indexed Universal Life (EUIL) today, referring to a book called The Retirement Miracle. Bottom line. The thing I don’t like about indexed UL’s is the same thing I didn’t like about universal life in the 80’s. The assumptions aren’t sustainable and people are going to be hurt down the road because of that. If you have any questions or think I’m a nutcase, call or email me directly. From a real UL Policy Statement: It is important to note that the premium amount that you are billed may not be sufficient to keep your contract in force. The Top 10 Reasons NOT to BUY Equity Indexed Universal Life #10 Internal costs are not guaranteed #9 Mortality charges are not guaranteed #8 Market drops cause double pain #7 Late premiums kill any guarantees #6 Dividends from the index don’t get credited* #5 Participation ratios are often less than 100%* #4 Returns are usually capped at various interest rates* #3 Guarantees are not calculated annually* #2 All of the above can be changed by the company #1 The risk is shifted back to the insured There you have it. Call us for a true Infinite Banking Concept Policy
Posted on: Tue, 27 Jan 2015 03:33:57 +0000
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