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Ok Mr.Worldwide expert of everything, I see the same old, same old. Why don't you address the real issues of IUL that I have raised.
Let's say you put in a client of your's in a properly designed IUL and he needs to get out. (Let's say covid happened and he can't get a job for 2 or 3 years or the carrier reduced the cap rates ridiculously and he is mad and wants out or some other reason). How would you get him out when you have those surrender fees?
With properly designed whole life, he may still lose some money but atleast he can get out without losing everything. Whole life is not perfect transfer of risk either but better than IUL, if designed properly. I have seen Idiots design whole life just like IUL and that's a different story. A true transfer of risk is a term policy and investing the difference and now arse h*les here will assume that I am Dave Ramsey's follower. Ta Ta! Cheerio!
@phoenixlord, I did ask you a question. I think it helps to establish a place to begin conversation. Do you care answer?