LiteStrats
LiteStrats is an American financial services company.
Doesn't the cost of insurance get worse as I age?
“Cost per dollar of insurance does climb as you age. That's just the math.”
View in the company profileWhat about surrender charges? Aren't I locked in for 10 to 20 years?
“Surrender charges are real. Year-1 liquidity on a brand-new contribution is often 30 to 50 percent of what you put in, not 100 percent.”
View in the company profileThe carrier can lower my cap or raise costs whenever they want, right?
“Yes, and this is the single most credible criticism of IUL. Caps, participation rates, and cost of insurance are all non-guaranteed in the policy contract.”
View in the company profileThe illustrations look too good to be true. Aren't the projected returns unrealistic?
“Pre-2015 IUL illustrations were abused. Some agents illustrated 8 to 10 percent crediting rates that would never actually happen over time.”
View in the company profileIsn't "buy term and invest the rest" always better?
“Buy term and invest the rest is fine. For a lot of people, it's the right answer.”
View in the company profileThis is complicated. Does anyone actually understand what they bought?
“Short answer: most clients don't. Most agents don't either.”
View in the company profileDave Ramsey says the insurance company lends you your OWN money and charges you interest. How is that not a scam?
“Dave Ramsey's line: \"Being able to borrow your own money? Really?”
View in the company profile