There are popular trends in the industry that concern me. Because they result in policies that look good on paper, but don't deliver like the client expects, and can even produce a policy that becomes a dreaded Modified Endowment Contract (MEC). So when I got the opportunity to talk to a senior insurance actuary about these trends, I took advantage of it! I asked my questions so I could know from a true insider whether my concerns were reasonable or unfounded. In this episode I'm sharing what I learned. And I'm telling you in plain language why you should ignore hype and stick with established strategies that are proven to work, without having to fear your policy ever becomes a MEC. Listen now! Show highlights include: How overcompetitive agents could be setting up innocent clients for expensive tax bills. (1:51) "Illustration Illusion." What to look for in an agent's illustration so you don't assume unnecessary risk of MEC. (3:30) Counterintuitive reason a higher base premium is good. And why a lower base premium could cost you in the long run. (3:45) What your Whole Life Insurance company could be overlooking that lets you MEC without warning. (5:16) Nelson Nash vs. Modern Developments. Is there a better way to do IBC, or does his original advice still hold up? (6:09) How a popular feature of IULs actually makes them more risky. (7:18) Why you should start a Whole Life policy with a premium at the top of your budget, instead of starting low. (9:53) Costly surprise IUL illustrations leave out that could jeopardize your income in retirement years. (11:46) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)  

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