Some stuff you said isn't factual (related to the flexibility of Whole Life, which often steers people to UL's incorrectly), but overall your message contains good basics of understanding for Life Insurance PRODUCT (not strategy).
I have to appologize somewhat to you, not everything you said are lies. My 24 years of experience has proven that the industry lies. The whole video wasn't lies. But that being said you have several points that are industry based BS.
1.Yes Whole life companies were investigated.
2. UL was meant to counter the concept of BTID. The industry excuse was that it tracks interest rates. Government agency representatives have told this.
3. I agree that VUL's have some of the highest fees.
@bond519 Obviously you must have some specific points you'd like to contend & I'm very open to reviewing your explanations. Otherwise I'm guessing you're a whole life or Var. Univ. Life salesperson and you disagree because you've been told by higher ups and others that those are great investments. Sorry I use my years going on 15 yrs, and Fiduciary Duty (meaning not working for an Ins. Co or Brokerage) to just explain policies and strategies.
3. Continued, You failed to mention on UL that even though customers can change policies those changes many times are costly. In 24 years I have never seen any UL, Policies or VUL policies that have actually paid what was on the Hypothetical illustration sheet. Are there some out there that might pay well? Maybe but I doubt it.
I see what you are trying to do in the video but I believe that you are too light in exposing the real truth of what the life insurance industry really is. Crooked!
May God continue blessing you in all you do.AMEN
cebeze1015 3 weeks ago
Some stuff you said isn't factual (related to the flexibility of Whole Life, which often steers people to UL's incorrectly), but overall your message contains good basics of understanding for Life Insurance PRODUCT (not strategy).
stealthrs 2 months ago
I have to appologize somewhat to you, not everything you said are lies. My 24 years of experience has proven that the industry lies. The whole video wasn't lies. But that being said you have several points that are industry based BS.
1.Yes Whole life companies were investigated.
2. UL was meant to counter the concept of BTID. The industry excuse was that it tracks interest rates. Government agency representatives have told this.
3. I agree that VUL's have some of the highest fees.
bond519 10 months ago
Comment removed
bond519 10 months ago
@bond519 Obviously you must have some specific points you'd like to contend & I'm very open to reviewing your explanations. Otherwise I'm guessing you're a whole life or Var. Univ. Life salesperson and you disagree because you've been told by higher ups and others that those are great investments. Sorry I use my years going on 15 yrs, and Fiduciary Duty (meaning not working for an Ins. Co or Brokerage) to just explain policies and strategies.
bbinkholder 10 months ago
3. Continued, You failed to mention on UL that even though customers can change policies those changes many times are costly. In 24 years I have never seen any UL, Policies or VUL policies that have actually paid what was on the Hypothetical illustration sheet. Are there some out there that might pay well? Maybe but I doubt it.
I see what you are trying to do in the video but I believe that you are too light in exposing the real truth of what the life insurance industry really is. Crooked!
bond519 10 months ago
amazing verry helpful thanks!!
JordoDude 1 year ago
Great job, very good information
yovani29 1 year ago
Get help finding the best insurance on the internet. 17 Quote s . Co M Just select your state!
SDNeful 2 years ago