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Andrew,
Your statement insinuated that the OP "did not know what he was doing".... yet in the same post you are making incorrect statements. Do you see the irony??
(and the disrespect you show others based on incorrect info)
Im not going to reply to most of your post because I dont have the time or energy to read all of that. Go run some illustrations.
I know for a fact that a 71 year old rated at Standard who puts $100k into a SPIUL can have that policy guaranteed into their 90s. And that policy will be sustainable and there will be a positive return on their Premium even at a 4% credited rate.
DHK says your using WFG and Trans as your basis of knowledge??? LOL
Go run some illustrations using a DECENT IUL. You are using a crap product and your source of info is an organization that has a horrible reputation within this industry. My experience with IULs started with selling them to corporations to fund NQDC Plans, average premiums for that type of policy is in the $20k-$50k per year range. You cant make mistakes at that level... especially when a business is purchasing 3 or 4 policies all at once.
I dont care who you have met with in the past or who you know.... you are incorrect when it comes to the effectiveness of a SPIUL for a 71 year old.
Your statement insinuated that the OP "did not know what he was doing".... yet in the same post you are making incorrect statements. Do you see the irony??
(and the disrespect you show others based on incorrect info)
Im not going to reply to most of your post because I dont have the time or energy to read all of that. Go run some illustrations.
I know for a fact that a 71 year old rated at Standard who puts $100k into a SPIUL can have that policy guaranteed into their 90s. And that policy will be sustainable and there will be a positive return on their Premium even at a 4% credited rate.
DHK says your using WFG and Trans as your basis of knowledge??? LOL
Go run some illustrations using a DECENT IUL. You are using a crap product and your source of info is an organization that has a horrible reputation within this industry. My experience with IULs started with selling them to corporations to fund NQDC Plans, average premiums for that type of policy is in the $20k-$50k per year range. You cant make mistakes at that level... especially when a business is purchasing 3 or 4 policies all at once.
I dont care who you have met with in the past or who you know.... you are incorrect when it comes to the effectiveness of a SPIUL for a 71 year old.
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