Episode 371: Why 90% of IUL Policies Will Fail
In this episode, we ask: Is life 100% chaotic? Are we totally at the whims of the universe? What happens anytime we make a plan? What about expectations and assumptions? What happens when time runs out? What about the booklet, The Box by Guy Baker?
Not Your Average Financial Podcast™
October 11, 202424m 37s
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Show Notes
In this episode, we ask:
- Is life 100% chaotic?
- Are we totally at the whims of the universe?
- What happens anytime we make a plan?
- What about expectations and assumptions?
- What happens when time runs out?
- What about the booklet, The Box by Guy Baker?
- What are the four pricing factors?
- What about mortality cost?
- What about persistency?
- What about interest rates?
- What about expenses?
- What is life expectancy?
- What did Guy Baker discover?
- How much does it take?
- …Who could afford that?
- What is adverse selection?
- What happened in the early 1800s?
- What does an actuary do?
- Will it pay the mortality expenses?
- What are the various configurations of each “box”?
- What is life insurance dependent upon?
- Why are term premiums so low early on (in age)?
- Would you like to hear Episode 365?
- What will almost never pay a death benefit?
- Who has the highest persistency rate?
- What about interest credits?
- What is the math game?
- What if interest rates rise or drop?
- What is the job of your insurance agent?
- Why are indexed universal life policies (IUL policies) so sensitive to risk?
- How is whole life insurance different?
- How many people who own IUL policies are receiving letters for more premium?
- What’s the long game here?
