Can we settle this once and for all: IUL. Shit. Or not shit?

For context please let me introduce myself really quick. I really want to come to a conclusion on this because I seriously want to sell more policies it’s fun, but I can’t anymore due to a moral obligation to find out if I’m screwing people over in the long/short run or if I am actually helping people.

After leaving a practice company I have been recruited into a large growing MLM. At my practice company we gave people PFR’s on paper after a long presentation on tax deferred, and tax-advantaged growth as well as comparing Roth IRA’s and 401k’s.

Our flagship product is the IUL. Because we have Ethos our IUL can be submitted to underwriting and be approved for final submission review in a couple of minutes because the Ethos Ai can pull from the M.I.B faster than a human can.

In total we have about 10 IUL products we can sell.

I did some digging and found out Doug Andrew is a greaseball. Dave Ramsey hates life insurance in general. Life 180 on YouTube spend his life’s work proving IUL sucks. And the only good thing I can find out about IUL are obvious other agents commenting the same shit about tax-free growth and market volatility protection as if it’s that cut and dry.

I’m very sure you all know that these MLM’s target anyone who breathes because anyone who breathes would love to participate in an stock indexes growth without losing money but they don’t know they are getting in bed with an insurance company and insurance companies aren’t exactly out to do Gods work. So these marketing groups call themselves “financial firms” and use the cash value aspect of the agreement to sell “safe investing”, “tax burden reduction”, “tax-free interest growth”, “retirement planning”, and “emergency fund planning”. So basically they fool you with saying that we have accounts that do this because technically an IUL could have those dynamics, you can even write off your insurance costs in your taxes. But it’s unethical and it’s getting a lot of people youn and old into IULS.

I’m a bit different from the rest though. I’m in college and I love sales. I got introduced to the wealthy world of insurance and kept it in mind and recently returned after I ended my previous business venture. I don’t use their system I blatantly tell people it’s insurance and that’s enough. I wouldn’t feel right even saying I work at a financial firm like this is the 80s or some shit.

So I truly don’t mind selling under the umbrella of this company as long as most people understand it’s just a distributorship, and the products are good for people. However, I’m not so sure of that second one and it’s made me hault business and look for answers.

I can’t build a book of business and then get sued 20 years later when everyone’s pissed because their fees get too large, or they don’t perform like how their illustration said, or if the percentages change because of the LI company. I can’t sell another one of these things until I find out once and for all if the IUL is worth selling to the average to upper-average person in 2025. If the answer is the IUL is shit, where should I focus my time on? I can’t believe Id ever say this but I’m thinking of switching to term. Anything helps.