CANCELLED OUR IUL THAT WAS SOLD BY A FRIEND

[shaimaaalmahdy]

@jane3322 Lulz.

 

[amytai]

@jane3322 Smart!!

 

[tampasteve2]

@jane3322 Subtract the new 20 years of term payments from the 'cost' of your IUL plan. Then compare the cash value if you live at age 85.

Would you rather rent an apartment for 20 years, or pay the mortgage and own a building to the end of your life?

It's that simple. No smoke n mirrors, no comparison to other investments. Is the death benefit at age 85 greater than your side fund? Age 65?

 

[jane3322]

@tampasteve2 we're looking for an investment mainly, not for the death benefit of someone that could use and spend once we're dead.

thats what we were wrong in the first place because we shouldn't mixed both in one vehicle.

but thanks for the explanation.

 

[lw97nils]

@jane3322 Some of y’all really need to learn to shut the hell up, if it was structured correctly, it can work, also, yall forget that an IUL can be adjusted. And for the folks who keep saying that IUL isn’t an investment, nobody said it was, please stop.

 

[twolfe]

@jane3322 Sketch bro I was going to say term insurance all the way did you qualify through AMERICO?

 

[hangngand]

@jane3322 Smart move

Source; I sold WL for years, its a crock of shit.

Edit: I didnt know it was shit at the time, I was just a noob.

 

[jane3322]

@hangngand same!!!!!

 

[hangngand]

@jane3322 Thats how they get ya man. Get you while youre young n dumb and dont know any better.

Flash some big wads of $ in your face and nobody talks about the ethics or the mechanics behind the policies.

 

[maxyss]

@hangngand The fact that you sold ‘whole life’ for years yet refer to UL’s as whole life makes me question not just what you knew while you were selling but what you know now.

 

[nacadee]

@maxyss This sub has trolls sprinkled throughout