IUL vs Whole Life Insurance Comparison - Episode 531 - a podcast by Kim D. H. Butler and Spencer Shaw

from 2023-09-05T10:00

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Spencer and Kim compared Indexed Universal Life (IUL) insurance and Whole Life insurance. They compare IUL to a mobile home due to its flexible and adjustable nature, which also means it carries more risk. Meanwhile, Whole Life insurance is compared to a brick and mortar home due to its stability and permanence.

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Show Notes

What IUL and whole life insurance are and how are they different from each other?
Analogy between universal life and a mobile home, and whole life to a brick and mortar home
Personal experiences of weaknesses of mobile homes compared to brick and mortar homes
Suggestions for those who have an IUL policy and realize they might be in trouble due to impending risk
Sunk cost fallacy in life insurance decisions, and how to overcome it

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