Originally Posted by Freddie
Ha ha! No. It was about 6 years ago at a big FMO
. The guy has become pretty successful with two offices in MI and TX. He would use an IUL to move larger sized IRA's instead of a Roth conversion.
I want to say it might have been Columbus Life but they are in Columbus, OH. I am pretty sure they are in the San Diego area. They were a solid company and at least A rated.
Thanks for the other suggestions and for pointing out it is just the policy design versus any individual company. I knew that was the case but was trying to remember the company.
I have built a successful team in Los Angeles using the same Tax free Alternatives. these are the companies I use in order, National Life for the living Benefits, F&G life no cap Proprietary product with SYNCIS my company only on certain Index product and insane term rider that can be added to age 100 for real cheep, We do offer GA
contracts. Anico if outside California and if it is a government employee, Living benefits outside California. and AIG as a last resort. And no I don't work with WFG, FEG, PHP. Our office does about 20 million a year. I believe these are great alternatives to qualified plan and should be used in addition 401k, IRA, Roth IRA. They need to be set up the proper way or the client may get hurt and have tax consequences, I like to make sure the product has overloan protection and offers LIVING BENEFITS,
I like to add the the term rider so if need be the client is able to use the term benefit first and if a must use the cash value part.