401k VS. Equity Index universal life

Comparing your 401k with an IUL http://WWW.DanNozaki.COM

Category:

Education

Tags:

• 401k
• losses
• retirement
• planning
• life
• insurance
• Index
• universal
• investing
• advice
• plans
• rollover
• crisis
• scam
• first
• financial
• security

[dannozaki1]

Thanks for you comment, I left the debates on the site hoping that it would help people understand the IUL better. I'm glad that it was of help to you. I only delete comments that have no intelligent basis.

[Unplugged704]

@5:33 you state that EUIL is a fairly new product introduced 10 years ago..

@7:20 you then state "over the last 23 years this product has averaged about 8% return....." YEAH.. YOU REALLY KNOW WHAT YOU'RE SELLING!!!

BTW.. you're also making ASSUMPTIONS that the federal government via our friend the IRS, will increase tax rates to 20, 30, 40, 50%...etc...

MY ADVICE TO EVERYONE... GO FIND A RESPECTED FINANCIAL PLANNER THAT HAS IS A CFP (Certified Financial Planner).

[dannozaki1]

@Unplugged704 I did say that the product was introduced about 10 years ago. That was a couple years ago that I posted the video. Then I stated that over the last 23 years this product averaged about 8%. What a lot of companies have done was they took the history of the S&P 500 performance the last 20 some odd years and calculated using an Indexed method what the average would have come out to be. A little bit to much for you to comprehend. But you can calculate using historical information.

[dannozaki1]

@Unplugged704 As far as making Assumptions on the future income tax rates, how do you think 14 trillion dollars is going to get paid back? You seem to be somewhat intelligent, you tell me. Income tax rates already went up this year. You obviously don't make enough money to be in the highest income tax brackets! But wealthy people know taxes are going to continue going up.

[wechglives]

You're a very patient man, I understand the how you got the "thing" on your chin! lol I've enjoyed your comments, actually the arguments on both side were good, with a few exceptions. Good dialog/debate provide the opportunity for deep of knowledge that isn't always present from just one perspective. I trust those who read the entire thread will not only have gained valuable information on the subject but will also be knowledgeable enough to ask very good questions. Great Job to each of you! Thx

[TheWillsCompany]

@Unplugged704 you obviously don't know

much about life insurance

[TheAnnuitycampus]

Awesome video! All of us brokers need to get the word out about these products. 

[heremesay]

@dannozaki1 if i have an iul product, and when i turn 80 or 90 years old, and the monthly cost of insurance increase so high, will that drain all my cash in the account out?

[MrCarl4444]

@dannozaki1

I think there is a misunderstanding. I am not saying that you have a Index life as a 401K which is an IRS code, I am disagreeing with you telling people to invest in a Index life instead of a 401k which gives you free money. As for the 94% tax bracket in 1944, it may have been the highest (as you say) but please take a second and research the tax deductions that were available.

[dannozaki1]

@Unplugged704 Before you speak you need to watch The Truth Behind Hidden Fees in 401(k) Plans The Bloomberg Report.

[dannozaki1]

@Unplugged704 Funny I tell people if they can't guarantee your money is safe tell them to get out of your house or walk out of their office.