i believe 100% that this guy has a 0% knowledge about IUL.

Also remember there is a difference in fees with a managed mutual fund vs a index such as a s&p 500 index

He has no idea what he is talking about. He didn’t even fully explain what the IUL is!

Bad advice, this makes him look like a fool. He has no idea what he is talking about. Just trying to sell books, not helping people this way

Doesn't make sense TERM insurance is temporary if you don't PASS on those years you are cover which is typically 10 to 20 years then your family will get NOTHING and you need to RE-APPLY again and of course your rate will be HIGHER

If you want advice about insurance you should NOT take advice from Dave Ramsey!!!  You should seek and insurance AGENT!!  He is not giving you accurate information in this segment!  DONT BELIVE HIM….

She said she has a IUL for RETIREMENT …all dave is talking about is death benefit anyway because these policies hv SO much flexibility in how they design her question to him is just as pointless as HIS answer is to her . We know NOTHING about how her policy is design NOR what where goals are in using it as a retirement vehicle all he keep talking about is fees this man never talks about the fees in the stock market or the LOSSES!!!! of 20% 30% and 40% when the market decides it wants to be cut in half as it has does in the past

I agree with Dave, but there are a couple of things that are misleading in his video.

Two things and one opinion:

1. IUL NEVER EVER HAS direct participation of subaccount mutual funds – this product only provides indexes.
2. "Each year ART goes up!" FALSE – typically, the first 10 to 15 years of your policies you have the highest expenses in the contract – premium expense charge (a fee you pay to invest in the product), M&E (mortality and expense – cost it is to keep your contract serviced), and COI (cost of insurance – which VARIES by risk of death year by year based on the issue age).

OPINION:

1. Dave is pretty cool and convincing – give him that for sure! However, Cynthia may no longer be insurable and taking care of aging parents, young children, or a non working family member or friend. To instantly say "DROP IT!" May put someone else on the financial hot seat.

not fair to talk down on IUL or WL because they all serve a purpose. The smartest move would be to have all types of coverage because you really never know what's going to happen. One of my client's mom has decapitation insurance. Her coverage is $1 Million. I would have never thought. But Term life necessary in case you die prematurely, Whole life as much as financially possible to ensure coverage for final expenses, and IUL to try and make your family rich

How ignorant this Gentleman is. God bless him.

Some are in their feelings. His advice is helpful but it's just advice take it or leave it.

That is not true, As the cash value funds are not invested in the stock market, plus, how about the guarantees not to lose value? if you are in the stock market directly and 2 years before retirement the market takes a nose dive and loses 20-30 % now you are out of time to grow any funds!! also what kind of investment can offer death benefit along with cash accumulation.. !! Read the illustrations please before you give people bad advice!!

I am afraid of outgrowing my insurance policy. I had an excellent policy at my job but lost it after retirement. I have term insurance and am looking for another life policy. I feel that I need a policy with level premiums because all term policies that I view increase premiums tremendously every 5 years. I I live beyond age 85 my family will have nothing, and all the years I have paid increasing term premiums will be wasted. I hear you rail against whole life policies, but they seem to be the only ones that will last until my death. Am I wrong?

This has really opened me up

ALMOST EVERY WORD OF THIS IS COMPLETELY FALSE!!! He has either never studied IUL products or is just really cannot understand them in anyway. I’d love to have a discussion with him about these products. ????

IUL are only useful if you are
A. Young (as in a kid, or no more than 20-something)
B. Rich, as in making over 250-400k anually and you need a tax shelter.

But if you are middle aged and making less that 100k, take a deep breath and REALLY crunch the numbers.
I recently schooled a WFG agent using real numbers that my 401k was a WAY better option than the IUL schedule he showed me for the SAME monthly investment.
When he realized that I was RIGHT, he then proceeded to harp on about the death benefit. LOL. I have great, cheap whole and term life. Plus I have no kids. I don't need more death benefits. I need a comfortable retirement! Also, I own several properties. My beneficiaries have enough. I'm good.

This guy basically have no Idea of what he is talking about

BAD BAD BAD BAD ADVISE. HE LIED. RUN!

what a horrible advice? Looks like he is promoting one company who offers Term Insurance. I have IUL and it is doing amazing

Universal life offers many benefits that this guy doesn't even understand. First it protects your family if you die.
Makes getting a home loan easier, banks might require life Insurance to issue a loan. You can borrow money from the cash vaule at low interest rates and not lose the overall value of the policy and there is No loan committee to be approved by. If you are disabled you can draw from the policy for long term health care instead of a Death Benefit. If you become disable the Insurance co. Pays YOUR premiums for you. Yes, it is expensive but for any service there is a fee. I had a Term Insurance that paid back all my premiums at the end of the policy, it is call ROP Term Insurance. I rolled over my expiring Term Insurance into Universal life policy and had an increase but Iam getting so much more. Also there is a limit on the yearly contribution to a Roth IRA. Being limited to $7,000 per yr. Doesn't make for a financially stable retirement. We had got through 2 Major Stockmarket Busts since 2000. So why would you put ALL you money into something that had dramatic losses?