Advisor Calls Out ‘Critical Flaws’ in Universal Life Policies

[Lloyds of Lubbock]

He never said no medical.
I do find it a bit hard to believe that every ul he comes across is underfunded and the client would be better served with a replacement rather then just increasing the funding.

 

[DHK]

David McKnight dropped this video today:

 

[Allen Trent]

David McKnight dropped this video today:

good stuff.

I cant believe how many people, including some big time WL producers say " the insurance carrier keeps all the positive returns of the stock market over & above the cap"....Duh, none of the money is even in the stock market & part of the reason agents dont need securities licenses. So, if none of the money is even in the market, how can the carrier keep the upside returns over & above the cap? If it was actually invested in the market, like many believe, they couldnt achieve the guarantee of 0% floor as that comes almost entirely from the 90%+ of the money being invested in the carrier general account of Bonds/Mortgages, etc

 

[DHK]

One of my 'group experts' in the Facebook group does a lot of COLI cases and has actually done political advocacy work to preserve those benefits. He probably knows more than I've ever learned. I didn't ask his permission to post his response, so I just blocked his name.

Here was his response regarding this guy's book: