Hi friends, I've heard that Equity index

by Guest » Fri Sep 07, 2007 09:20 am

Hi friends, I've heard that Equity indexed universal life insurance can be a very good investment option. I want to purchase a policy that will give me some investment benefits along with life coverage. Shall I consider buying EIUL or something else? Pls. suggest.

Total Comments: 431

Posted: Fri Aug 22, 2008 04:04 pm Post Subject: EIUL

yes! World Financial Group works as a middle man working to link the average American with the investment that best fit them. I believe they are not bias on that aspect, and their agents are free to teach financial concepts to families and provide a non-bias list of investments. plus they strongly suggest that you invest in E.I.U.L. for your future. most people don't plan to fail, they just fail to plan. I believe you can contact an agent at personalfinanceconsultant[at]gmail.com

Posted: Sat Aug 23, 2008 09:24 am Post Subject: equity indexed universal life insurance

Hi sushi and plan to win, WFG is just another company that's out there to make business. You two might have had good experience with the company and I'm sure there are many others who have had the same, but the discussion on this thread was regarding the EUIL plans and not of WFG. Hence, I'd request to all contributing to this thread, henceforth, to stick to the subject of discussion.

EIUL, like any other financial plan, may or may not suit an individual's requirements. Hence, one needs to understand his basic needs before investing into any such policies.

Posted: Sat Aug 23, 2008 11:14 am Post Subject:

hi ..it doesn't spare us an opportunity to think how WFG would help us..when there are more than one ways we could think of getting returns out of EIUL..but it would be unwise to promote a particular brand name with the slightest pretext of knowing or sharing more about the goodness of EIUL. Likewise, if we study more about the other coverage areas..we might know about newer ways to make our lives safer & thus more meaningful.

Posted: Mon Aug 25, 2008 10:01 am Post Subject: equity indexed universal life insurance

I don't view insurance as an investment product.

Insurance is essentially for protection. Insurance is to prepare the policyholders with some emergency funds so that they or their family members can better manage crisis situations.

After protection needs are addressed only then we move on to investment.

If your primary or sole objective is investment and you have high expectation on investment return, insurance may not be your first choice.

However, if you are of the view that protecting your wealth is of greater priority than creating more wealth, then insurance is your answer.

After all, what is the point of creating more wealth but on the other hand losing what we have?

Posted: Thu Nov 13, 2008 06:33 pm Post Subject: Research B4 Buying Insurance/Retirement Product

EIUL IS NOT a Smart Choice.
What are your goals? Do you have a family? Kids who depends on your income? Retirement needs?

Here's what EIUL Agents aren't telling you:

1) Buys coverage only for you, not family group.
2) Expensive. Avg 28 yr good health $250k benefit is $150-$300/month
3) Policy fee $15-$50/month, 5.5% fee to agent, mortality charges.
4) Withdraw tax free. But they don't tell you it will become a loan and will be deducted from your death benefit.
5) Minimum monthly fee. They don't tell you your policy may lapse if cash values not enough to pay for policy.
6) Insurance company determines your return rate. You have no control.
7) Cannot withdraw Cash Values for first 2-3 yrs. Not emergency fund.
8) They say guaranteed Returns 2% and usually caps at 12%.
* but they don't tell you the policy fees will eat up all the returns
* I have a relative that bought $200K & pays $110/month. After all the fees and expenses, he's left w/ $55 that goes into the (so-called) investment EIUL.

Here's what you should consider:

1) Buy 20 yr term for whole family. $250k parents + $25k child for $60-$150/month.
2) Invest difference of $200 into long term quality Mutual Fund
* Tax Deferred/Tax Free Retirement accounts Like ROTH
* Coverdell College Fund or 529 Plan for your kids - grows TAX free withdrawal and can pass to next child if 1st child doesn't attend college.
3) You choose and control your funds.
4) Age 25 you Invest $200/month 10% for 20 yrs = $153,000
* Keep investing $200/month till age 65, you'll have approx $2.1 Million
5) Daveramsey.com
6) Primerica.com

Research before Investing! Please do not Sign your Whole Life Away...

Posted: Thu Nov 20, 2008 09:40 pm Post Subject: eiul

There would be a reason why Large Insurance Companies would advise against eiul's... competition.

Posted: Fri Nov 21, 2008 05:48 am Post Subject:

There would be a reason why Large Insurance Companies would advise against eiul's... competition.

Please, elaborate your statement. Many like me consider EUIL a good investment option, which also offers death benefits. IMO the big companies try to push equity indexed policies more than the other types of whole and term life plans, since it generates greater return. Also, the agents earn more commission on EUILs.

Posted: Sun Nov 23, 2008 01:47 pm Post Subject:

if you haven't purchased any product which is combination of equity and insurance then it is recommend that you should purchase one such kind of product.although there is option for this combination,you can buy one term insurance product+one mutual fund (see the rating of MF).may i know your age?o that i will be in position to guide you on this subject matter with more clearly. 8) :D

Posted: Sun Jan 04, 2009 10:41 am Post Subject: E.I.U.L.

I have read all of your comments and would like to say that there are many options out there for a person to invest, save and look towards the future! Since the topic has been focused on the Equity Indexed Universal Life policy, I would like to give my opinion and all who read can take it for what it's worth! An eiul vs other investment options is in my opinion, not a hard decision to make for many of the reasons that have been stated above. #1 It is a retirement program that grows tax free #2 Upon all the compounding interest that is accumulated during the years, It all comes out tax free, The only other retirement program that comes close to this would be the Roth accounts but, the draw-back from these accounts is that

Posted: Sun Jan 04, 2009 10:58 am Post Subject: EIUL continued

It only comes out of these accounts if you use the money for what it was originally intended for, if not, you're tax as income and in some cases even penalized!! #3 When using this as an investment/retirement account there is a really nice bonus for your family if something tragic were to happen to you. I know there are some people who believe that life ins. is a waste of money but, I say other wise! there are many people mainly my clients that have had their spouse or parent die and leave them with all of their financial burdens to take care of. No one wants to wish their financial situations onto anyone but, indirectly do so without getting insurance for it. That is what life insurance is for!! so, if you can get a Great investment option with life insurance attached to it, it's like killing to birds with one stone, pardon the expression! There are other matters as well, as far as getting an agent that can set this investment up right! I would like to warn all those that may be looking for someone to set up one of these accounts! there are two main ways of doing it, 1 in the best interest for the agent (higher compensation) 2 in the best interest for the person (maximizing investment options). for questions you may contact me at my business email jkenyoncook[at]gmail.com or go to Worldfinancialgroup.com to look for the office/branch nearest you! if you contact an office be sure to talk to a QMD (qualified marketing directer) these individuals have been through intense training and know their stuff! they will be able to answer any questions you may have about an EIUL or any other investment options!

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