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110: Why You Should Just "Say No" to IUL
Strategic Whole Life by Infinite Banking Authorized Practitioners
Understanding the Deception Behind IUL Policies
The deception surrounding IUL policies arises from the misconception that they are similar to whole life insurance but with market upside and no downside. In truth, IUL policies transfer the risk of performance back to the policyholders, unlike whole life where all costs and assumptions are integrated. The zero floor of IUL policies is not a fixed dollar amount but a variable percentage impacted by factors like costs. IUL is built on a renewing term chassis, making it susceptible to unpredictable term costs, causing policyholders to incur losses even with a 0% growth. Selling IUL as an unbundled version of whole life is misleading and misrepresents the fundamental differences between the two products.
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