10 REASONS WHY YOU

1. Extremely High Commisions and Fees: Up to 100% of your first year's premiums often go straight to the insurance agent's commission rather than your cash value. 2. Deferred Cash Value Accumulation: It usually takes 10 to 15 years of consistent contributions just for the cash value to equal the total amount of money you paid into the policy which you can only borrow from and pay back with interest. 3. Extremely High Premium Costs: They usually cost 10 to 20 times more than a temporary life insurance policy for the exact same amount of death benefit coverage. 4. Confusing Surrender Charges: If you need to cancel the policy or access your money early, these insurance companies will levy heavy financial penalties that last for years. 5. Losing Cash Value at Death: When you die, the insurance company keeps your accumulated cash value and only pays out the face value death benefit to your beneficiaries provided the policy was still active by that time. 6. Deceptive Growth Caps on Investment: IUL policies cap the growth of your market returns, often around 7% meaning you miss out on the best-performing years of the stock market. 7. Rising Cost of Insurance: Inside an IUL, the internal cost of insurance increases rapidly as you age, which can silently eat away and completely drain your accumulated cash value. 8. Exclusion of Dividends: IUL policy investment returns are sold in a way that ties a portion of your payments to stock market but they completely exclude all dividends accumulated, which historically makes up a massive portion of what you should have earned. 9. Phantom Premium Guarantees: The "flexible premiums" advertised by IUL salespeople can backfire, forcing you to inject massive amounts of cash later in life just to keep the policy active. 10. Massive Opportunity Cost: If you simply buy cheap temporary life insurance $30 - $50 per month, and invest directly into a basic, low-cost index fund in the stock market, you will almost always end up with significantly more wealth. People deserve to know the truth and then act accordingly. I’ve heard stories of people who may or may never recover from the losses they’ve incurred because of these products. Don’t fall for these traps if you haven’t yet, and if you have already, try to do something about it. Stay vigilant out there. You’re not being told the full story. 🙏🏾 #financialliteracy #investing #moneytips #lifeinsurance #iul