So last week I got an email from this site (sponsored) about addressing the #1 objection in selling IUL's. I bit and clicked through to watch the video. Anyhow it was from Brett Kitchen, and obviously a sales pitch to join their Elite Advisors group (and buy leads).
I'm have a decent grasp on IUL, but still learning all the ins/outs of design, etc. One thing that was interesting, in the video they showed a snippet of an illustration that had a ZERO cost of insurance in the later years. They claimed to have a special product or way of making this happen, and called it the "cash value amplifier"-- whatever that is.
I would agree, that is one of the concerns/considerations.... the ever increasing COI of UL products, especially as the years roll on. The whole head eating the tail thing, especially if its underfunded. I know overfunding negates that issue.... but if there is a way to actually reduce the COI down to ZERO (or very low) I would love to know how its done.
Anyone know what company/product those guys write? And/or how you can get the COI down to ZERO in the latter years? This goes against everything I understand about UL/IUL.
SC ?
I'm have a decent grasp on IUL, but still learning all the ins/outs of design, etc. One thing that was interesting, in the video they showed a snippet of an illustration that had a ZERO cost of insurance in the later years. They claimed to have a special product or way of making this happen, and called it the "cash value amplifier"-- whatever that is.
I would agree, that is one of the concerns/considerations.... the ever increasing COI of UL products, especially as the years roll on. The whole head eating the tail thing, especially if its underfunded. I know overfunding negates that issue.... but if there is a way to actually reduce the COI down to ZERO (or very low) I would love to know how its done.
Anyone know what company/product those guys write? And/or how you can get the COI down to ZERO in the latter years? This goes against everything I understand about UL/IUL.
SC ?