An advisor should answer these 14 questions.
I'll share them next.
But in this episode, I'm going to address the question.
IUL, who can I trust to help me establish one correctly?
I'm asked this question all the time.
Get ready, I'm gonna show you how you can find somebody you can trust.
So, my name is Doug Andrew and I've helped people now for more than 48 years optimize
their financial assets, minimize unnecessary taxes and empower their authentic wealth to
be able to prepare for long-term goals such as retirement from a financial standpoint.
But also I help people understand how to rethink their thinking in regards to their assets,
How they're gonna pass them down to their children and grandchildren using equal opportunity
trust instead of equal distribution, and on and on.
You know I've been so blessed in my career to have authored 12 books so far.
At the end of this episode, I'm going to show how you can claim your free copy of this book.
This has been flying out of our warehouse shelves its called the laser fund and this
teaches you how to diversify and create a foundation for a tax-free retirement.
Now, the laser fund si my name for one of my favorite financial vehicles that I have
used now for more than four and a half decades to helo my own clients accumulate their money
tax-free and be able to access that money tax-free all through retirement and when they
ultimately passed away anything they leave behind actually increases in value, blossoms
in value, and transfer income tax-free to their spouse, kids, their grandkids, church,
charity or whoever.
Nothing else in the internal revenue code does that and that's why I'm passionate about
writing books and providing education like these videos on this Youtube channel three-dimensional
wealth.
So, if you don't know what a laser fund is it is an indexed universal life insurance
contract that is structured correctly and funded properly.
So, let me say it this way.
When people say, what is a laser fund?
Well, I'll say, It is an indexed universal life.
But I would say that over 99% of indexed universal life insurance policies would not be qualified
to be classified as a laser fund.
So, what's the difference?
It must be structured correctly and funded properly.
Hence, this episode will show you their criteria to determine who you can trust to be able
to set one up correctly and fund it properly.
Otherwise, it will not perform at its optimum level or its full potential, and I can tell
you horror stories of people who did not do this correctly.
They use their nephew or brother in law because they have an insurance license and 7-10 years
later when they hear me on the radio say, well, another 7 years have gone by.
Most people average over 10% their money has doubled.
So, if you have half a million in your index universal life just seven and a half years
ago.
You should now have a million, or a million doubles to two million and people go, "Wait
a minute, I only have half as much as I started with", and I look at it and it about 30 seconds
I can tell what's wrong and I go, "Who set this up for you?", "Well, it was our brother-in-law
and my nephew they have an insurance life", and I go, "They have no idea what they're
doing."
That was an expensive relationship.
It has happened hundreds of times and it makes me sick.
So, I'm gonna show you 14 questions that you can ask that is contained in this book that
I wanna gift you in the end.
But then I'm going to show you how you can actually find somebody or be pointed to somebody
who already has proven themselves by passing a proficiency exam and be trained.
I'm actually sort have been called the Godfather of IUL and in the insurance industry.
I'm not here to try to pat myself on the back.
But I wrote a book clear back in the century called missed fortune and that's what put
index universal life on the map.
It is where I have earned an average return of 7-10 percent and some years 28%, 31%, 61%.
This very year that I'm recording this episode.
We had many people lock in gains on their laser fund of 61.33%.
So when some of the other naysayers, "I've never seen one do that", well, they haven't
seen one structured correctly obviously.
Now, before I go any further to explain the difference of IUL, index universal life which
there's a ton of amount they're to choose from and what qualifies as a laser fund.
If this is resonating with you and you know somebody that needs to watch this episode
be sure to share it, post a comment, click like.
But I would love for you to subscribe to this channel three-dimensional wealth.
Why?
Because I post in-depth answers to financial questions almost on a daily basis and I have
over 500 educational videos and I'm very passionate about providing insights and opportunities
that maybe you didn't know that existed before.
And stay with me to the end, coz I want to gift you a free copy of this 300-page book
the laser fund.
But in this book, after teaching what a laser fund is and what it does and if you're cloudy
on this.
Simply put a laser fund is where you structure an index universal life insurance contract
for living benefits and this is the brainchild of EF Hutton, back in 1980 and it where you're
trying to take the least amount of insurance the IRS will let you get away with under the
internal revenue code and you're putting in the most money or premium the IRS allows as
fast as they allow and it turns into a cash-free cash cow.
It allows you to accumulate your money tax-free in section 72e of the internal revenue code.
Which has been around for over 107 years.
It allows you to access your money under section 7702 of the internal revenue code by doing
it the smart way.
So that every million bucks generate 70, 80, 100 thousand a year tax-free for as long as
you live without depleting your principal and then you'll only pass away anything left
behind blossoms and transfers income tax-free.
That's section 101a.
Nothing else in the internal revenue code does that.
It was designed by EF Hutton to be used for living benefits, retirement income, working
capital for business, for college funding for your kids and grandkids.
The death benefits sort of came along for the ride as secondary objectives.
See, if people buy insurance for a death benefit.
That's just for a death benefit.
But EF Hutton said, what are we thinking?
We want to be able to accumulate access and transfer money tax-free.
Let's take the least amount of insurance and in the most money the IRS allows and as fast
as they allow and it turns into this tax-free cash cow.
Now, you can read this book to learn how it does that.
But the question that people usually ask then is, How can I find somebody who I can trust?
To set that one up correctly, to fund that properly.
Coz they usually read in this book horror stories.
In fact, on this side of the book, there are 12 chapters that have about 5 or 6 stories.
Although, one story talks about how it works and how it was successful.
But I always include 1 story where it went wrong and it's very obvious why it went wrong.
It was not structured correctly in the first place and it was not funded properly because
they did not use an advisor that was proficient.
So, that's why in what I call the left-brain side of the book the white covered side.
This is actually in the 12th chapter there is what it's called a laser-ready test and
there's 14 criteria or questions that I put here in bullet points.
Now, I'm not gonna go through all these here.
But the purpose of putting it in here is so that you can ask whoever it is that you are
being told, "Hey I can set those ones up for you", you ask them these 14 questions.
Such as, "What is Tefra, Defra, and Tamra?", now, if they can't answer that question of
the cuff that's a red flag.
What is a guideline single premium? if you ask them, how do you access your money tax-free?
What would be the minimum amount of insurance for let's say 60 years old who wants to reposition
$500,000?
Off the top of their head, they would say, "Oh about 1,250,000", if they're humming and
sighing and they're saying, "Oh I don't know.
I'll check that out I'll get back to you", that's a red flag.
If you are immersed in this like the people that I know mentor and train.
You will know the answers to all 14 questions right off the cuff.
If they do not know the answers that is a dangerous sign.
So, how can you find somebody who can answer these questions off the cuff?
Because they do it day in and day out.
It's not some of the side things that they're gonna set up for you.
Because that's where most people in disaster situations.
Where they invested half a million bucks it should have doubled to a million in seven
and a half years and instead their half a million is only worth 250,000.
So many times I've heard those kinds of stories.
So, here is how you can find somebody that you can trust and ask them these questions.
But I can point you to those who have actually passed 130 questions proficiency exam.
Now, I'll tell you why I designed this exam.
So, I did this for 35 years with my own clients and then my coaches encourage me to sell my
recipe so to speak instead of being preoccupied with selling the cake.
That I will help far more people if I trained advisors.
Long story short, from 2003 to 2007.
I had over 3,000 financial advisors, insurance agents, CPAs, tax attorneys come through intensive
3-day training.
They paid 6,000 bucks in tuition and after few years I thought, I wonder how many of
them are really remembering or doing this correctly.
Coz if you don't use it you lose it.
So, I develop a proficiency exam its 100 questions, multiple-choice, true and false, 30 essays.
Out of 3,000 advisors, only a little over 100 could pass this exam with 70% to higher.
Because others were not using that they have forgotten how to do it.
So now I only point my mentees, my students, to the advisors who have passed this proficiency
exam and can answer the 14 questions of the cuff of this book.
But I started an organization called IUL, index universal life IUL insiders.
This is for professionals and they must pay in tuition to belong and I teach them every
single week for at least an hour and then my son teaches them another hour on proper
case design.
They get immersed in understanding how to do this correctly and funding it properly.
They're in the top 1 tenth of 1% of agents who are licensed to sell index universal life.
It's called IUL insiders.
So, if you're an advisor, and you want to be able to have that type of good housekeeping
sales certification so to speak.
You might wanna check out iulinsiderspro.com.
If you're a consumer and you're wanted to be pointing to somebody who knows how to do
it correctly and fund it properly.
Claim your copy of this book and enter it into our database so that you can be notified
when we teach this educational section and then I can point you to those professionals
who are specialists in this.
So, go to laserfund.com click on the link below, and claim your free copy of this book.
Contribute a nominal amount towards the shipping and handling.
I will cover the rest of that cost.
I will fire out a copy of this book for you and you can begin to read and learn.
If you want to listen and learn and watch and learn.
There's other option there.
This is your beginning to be able to start ownership of your brighter future.
So if you're an advisor and you want to learn and get educated.
Again, you can go to iulinsiderpro.com just click on the link below and you can subscribe
and enroll for the next webinar to introduce you to what IUL insider is all about.