Mutual Insurance Companies don’t have stock holders

the good thing about all this is that they don't charge interest like the bank

If losing money in a more complicated way makes you feel better, buy whole life or universal life insurance. It’s a very poor investment.

Why are you yelling

Lose job, can't pay, forfeit Universal Index Life. Obviously the middleman (a relative) only care about the profit in their pocket when they had a family member signed up. Yes, it was forfeited because they couldn't afford their monthly payments. I don't trust the sellers.

Total BS!

“Draw money” actually means take a loan against yourself. This guy is untruthful and a con artist if he doesn’t tell you the truth. Seems like a scummy salesman.

If you plan on being d*ad in 5 years get a TERM LIFE, if you plan on being alive in 5 years and have 100k to put NOW get WHOLE LIFE.???

Cash out? You’d have to have a policy for 15-20 years to get even a small amount of cash out of a whole life policy. Oh and btw, the pathetic amount of cash value you do earn GOES AWAY when you die ?

1. You have to pay it back. It’s not your money.
2. It protects you from “stock market downfalls” if you take a snapshot of a few months. Given a lifetime of investing (which the word Whole Life insinuates) the difference in returns in me vs. Usain Bolt. Also, you conveniently left out whenever a company lends a “buffer” to stop losses they also give you a cap which historically speaking they will make money off your gains.
3. You basically said the same thing as one but used the word passive income to make people think there’s something they’re missing.

Wholelife is a scam???

I did the math my life insurance ends at 63 and I would have paid 32k by then.

You are not a Christian

Just be careful to not be over leveraged…

Ridiculous
Underperforms the S&P 500
Why would you take a loan out and pay interest on your money?
Fees are ridiculous
Cost goes up every year
Not to mention look into what happens when you die. Your family gets paid the face value but what about all the money from the years of paying the premium ? oh thats right they keep it! What a joke I Could go on and on but An IUL is a bad idea unless you happen to be a high net worth individual looking for tax benefits but even then there are better options.

This is why people hate life insurance agents. It's fucking half truths to sell antiquated nonsense. I manage a sales team at an insurance brokerage and I'd be pissed if my agents started pitching cash value this way.

This guy has no idea what he’s talking about , he’s making more on the products he selling! You can’t convince an educated investor like my self! He’s taking advantage of all those who are trying to create wealth

Lol ? this guy is a joke

I started at age 20 opened up a life insurance policy without my mom knowing. Which I didn't care. I heard of it but wasn't really taking it seriously so I started paying on my policy each month and when I moved from Oklahoma I forgotten all about the payment. Now I lost money

Take out a loan against your life insurance policy to overleveraged yourself ?