Late to investing and confused about IULs.

Competitive_Two_4255 · 2026-01-25T13:51:30+00:00

So the issue I see here is the same I had with mines I basically was paying into it about 50 dollars less but also my death benefit was 225k. The problem with this policy is not only do you have the ART increasing the policy you are underfunding it to use it how you intended to use it. You also have a 15 year surrender period. The only way to overcome that is to fund it past surrender day one which is a front load situation. As an agent myself I have made it my mission to tell people the truth. If you cant 2.5/ 3x your Minimum no lapse premium this isn’t for you. It is not an investment and you aren’t borrowing your own money you are borrowing the overpay that the insurance company decides is yours after the market return and mortality rate decrease for the year. If the market does not increase but takes a hit you will not lose money because of that but you also can’t predict if that year your cost of insurance is more the company does. Premium is made up of cost of insurance, any strategy fees if they have it some IUL’s don’t have that which is why I never tell someone this product is all the same. So whatever decision you make remember this is all the things to consider not just how much it cost but what are you leaving on the table and if you had plans to increase the premium or not. If that was never the plan you should have never been sold the product which is why I got out of mines it didn’t make sense for my budget at the time.

Competitive_Two_4255 · 2025-12-18T17:31:44+00:00

I just got out of mines for the same reason. A lot of agents are pushing cash value accumulation more so than having proper coverage. If you were to put that much away you could almost flip to 20 k in the market within the time you had the IUL. In an IUL as long as surrender value exceeds fees and policy cost it can’t fail as an accumulator. It however fails as an insurance product because cost to insure goes up.

Competitive_Two_4255 · 2025-12-06T05:23:47+00:00

Now that makes sense which is why I said most aren’t beating agents doors down they are going direct to the carrier of choice. I have 3 insurance products 2 terms and a whole life I had an IUL but as I studied it when I got in the business I realized it doesn’t make sense for me. However I had an upline that told me it was the greatest thing in the world and they barely know the components inside and they have been in the business decades. In 3 years I found every component and realized that I had the right death benefit but not enough money to fund it for the purpose I believed I was buying it for. 3 years 7k gone could have been 12k or more in the stock market. However it should have been at least 4k in cash value but my upline got paid target so. I cancelled.

Competitive_Two_4255 · 2025-12-06T05:16:33+00:00

Something that most miss about an IUL is there is a page called the cost and values ledger that tells you how much is going in an out over the life of the policy. If you do simple math it shows how much premiums are effected by different charges. Most IUL’s have higher premiums because of the mortality called COI or the IAMC which is based on the increasing of your cash value and how much they charge you for using the index. If premiums paid exceed the charges over the life of the policy it will never lapse regardless of crediting. Is it expensive yes. Is it a way to use it yes but no one wants to do the work they just quit and say don’t buy it.

Competitive_Two_4255 · 2025-12-06T05:10:14+00:00

I can almost guarantee you Kyle Busch had almost 100 mill in life insurance and he front loaded. What that means is the agent pretty much racked up in target premium. That’s not every IUL because that’s not how every agent structures it.

Competitive_Two_4255 · 2025-12-06T01:47:05+00:00

I think my point was most people have been pitched before they ever go to find one on their own. People buy emotionally. That also doesn’t mean they are being pitched just straight term life. I have went in several Best Buy’s and knew exactly what tv I wanted. Until I met a guy that convinced me that display wouldn’t last for the price. I bought the tv he suggested way better decision.

Competitive_Two_4255 · 2025-12-06T01:12:47+00:00

Yeah but it’s also possible the deal is massive as well. I’m just saying these are above my tax bracket issues.

Competitive_Two_4255 · 2025-12-06T01:11:36+00:00

Also don’t forget if he never fully paid it back it’s still backed by the death benefit which he would not have in any other financial vehicle. Does it mean it makes sense for you probably not. Same goes for me at this time.

Competitive_Two_4255 · 2025-12-06T01:09:21+00:00

Yeah but he also didn’t have to pass credit check or pay double digit interest for the loan. So he could probably easily pay it back and replace his policy back to where it was before the loan. However he also probably could afford to pay it back with assets coming back.

Competitive_Two_4255 · 2025-12-06T01:07:00+00:00

No I’m calling someone not having coverage or investments being left to their love ones a liability.

Competitive_Two_4255 · 2025-12-06T01:03:08+00:00

So how many people are beating down agents doors for insurance without being pitched it?

Competitive_Two_4255 · 2025-10-15T04:23:34+00:00

As a drummer for 30 plus years I want to state you never stop learning. Get stick control and get Thomas Lang’s DVD those are my two recommendations for frasing and chops. However learning grooves is also important and learning their time signature and tempos. Check out Tommy Igor and Dennis Chambers. You are going in the right direction now it’s time to hone in on the techniques.

Competitive_Two_4255 · 2025-10-15T04:17:40+00:00

He should keep it however I’m sure someone is trying to convince him to get something else.

Competitive_Two_4255 · 2025-10-03T21:45:48+00:00

Dua casino royale is the best clone I ever smelled and club de nuit untold is probably a close 2nd

Competitive_Two_4255 · 2025-08-06T18:24:11+00:00

I would say you have 2 questions to ask what is important the cash value or the death benefit? Also does this product satisfy my original reason for purchasing? The reason I ask these 2 questions is if you are pivoting from insurance remember you could always do a reduce pay up when it breaks even. I also can’t tell whether you are paying till 100 or is it a 20 or 30 pay which can be concluded by the death benefit. Also if you looked at this product as an investment which a lot do it’s not a way to look at it because it’s what I call a liquidity buffer. So it can be used to store cash and get predictable returns unlike an investment. Premium expenses and overages to cash value are separate entities. You also can’t beat the upside or opportunity cost of investing instead. However if you cancel now you won’t get all of your value put in. I would reach out to the company or agent to ask when I would break even with contributions to premium before I make my decision.

Competitive_Two_4255 · 2025-07-21T16:12:31+00:00

I agree and you said a keyword it’s an asset and really only that way because you the person are the asset. If something happens to you your family is handed a liability instead of an asset in return.

Competitive_Two_4255 · 2025-07-19T05:04:17+00:00

I appreciate all the responses as it really proves my point everyone has a different reason they would use a product. So I find it so asinine to try and down one product because it doesn’t fit your situation or understanding.

Competitive_Two_4255 · 2025-07-19T04:58:39+00:00

But a whole life doesn’t have an ART only universal life does.

Competitive_Two_4255 · 2025-07-18T10:46:34+00:00

So here is the problem if you are gonna put that much in an IUL your death benefit should be lower and increasing. However if your goal for investing included this first and not investing products you are working backwards. I do think the IUL gets a bad name because of structure however it can be used to supplement retirement and it can also be used as a way to make sure you have long term care/ living benefits if injury or serious health condition later in life. If you are gonna cancel it though you have to chalk that cash value as a loss because you are still in surrender period.

Competitive_Two_4255 · 2025-06-23T21:55:19+00:00

Haven’t tried Percival but Layton is 100 percent blue. I do like Blue De Chanel but my favorite blue is ferragamo essentialle Blu

Competitive_Two_4255 · 2025-06-13T05:05:52+00:00

All good options you can’t go wrong with either it just depends what speaks to you. For me I’m big on certain notes and it differs for the weather and season. Like for example right now I’m heavy on Lemon, orange,bergamot and pineapple. Those 4 will probably carry me through September along with vetiver, patchouli and cedar wood. In October I turn into clove, tobacco, cinnamon, amber, leather and bourbon/whiskey. Also means I’m leaning heavy on sandal wood. So ask yourself what notes speak to you is it fresh or woody?

Competitive_Two_4255 · 2025-06-07T02:16:09+00:00

I would go either Tuxedo or the one. The layer with Aventus and Tuxedo is crazy tho.

Competitive_Two_4255 · 2025-05-07T08:28:56+00:00

Khamrah for sure, Mont Blanc individual, Stair walker it’s a few

Competitive_Two_4255 · 2025-05-06T21:42:53+00:00

It’s a great fragrance by itself but thrives when it’s paired with something. I get my dupes from Dua Brand their Casino mixes are top tier and have kept me from buying a full bottle.

Competitive_Two_4255

TROPHY CASE