The IUL conundrum: big sales and big problems
September 4, 2024 by John Hilton
Indexed universal life is a lot of things, depending on who you are talking to.
To many consumers, IUL is a multipurpose product that helps them accomplish a lot of different financial goals. For some lawyers, it is a seemingly endless source of business as lawsuits proliferate.
Click HERE to read the full story via INN
Wink’s Moore on the Market: Warning: unpopular post.
Not sure I agree with Raza Begg here.
“…[Begg] noting that IUL is a fairly new product to many.”
I mean, indexed life has existed for nearly 30 years now. As a generalization, the only stakeholder I would expect to find indexed life a “new product” is prospects.
“The lack of exposure and the limited number of agents with access to this type of policy are the main reasons many have not heard of this tool?”
There are literally over 100,000 insurance agents that have “access” to this type of policy, through 49 different insurance companies.
“Begg concedes that fees are high in the initial years of an IUL policy. But those expenses should be compared to a 401(k) plan?”
Uh uh. No. No way.
THIS IS LIFE INSURANCE! -sjm
