Originally Posted by pfg1
I believe that's one of the biggest problems with some of the folks selling IUL. They sell at target or below, get the max commission for their case, and set the client up for potential disaster down the road.
I've seen several of these MLM IUL peddling groups that teach their agents to do just that. If the client can only afford $300/mo
, then that is the target.
What I had seen pfg1, is different, some agents keep on over funding their clients policies not knowing what they are doing and why... most of those policies never perform well, nothing to explain about, it was very well explained for scagnt83
Nevertheless, the point is configuring this policies for Tax Free Income, as far as I can see, personally, WL will perform poorly, due to it's safe but low return, you can add some PUA, but it will required a lot of commitment from your client to keep it running, IUL it would be better, BUT, if is not propely configure it will perfom worst than WL.
If is for retirement income, you must be thinking in low commission, the strategy is: getting as much as posible for your client, not for your pocket.