On popular social media platforms, financial influencers, or "finfluencers," saturate feeds with misleading and deceptive pitches for IUL. They present it as a risk-free, high-return investment product that supposedly empowers you to be your own bank.The truth about Index Universal Life and whole life insurance is often obscured by the omission of associated risks, leading to unrealistic performance expectations at the consumer's expense.
We believe in the power of IUL as an impactful component within a holistic financial plan structured correctly for the correct person. Still, we acknowledge and recognize that it carries risks that need to be considered when deciding whether these products are right for you. It's vital to understand that IUL is not an investment; it's a life insurance policy with cash value and returns are exposed to risks tied to market performance, interest rates, fluctuating renewal rates, and more.
In this episode of Money Script Monday, Brian exposes finfluencer's misinformation around whole life and IUL policies by revealing the often omitted truth around the risks associated with these products.
Resources Provided for This Episode
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Advisory Services offered through LifePro Asset Management, LLC. The information presented here is not specific to any individual's personal circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials.