083: Indexed Universal Life Insurance with Prashant Morajkar

<p>Universal life (UL) insurance comes in a lot of different flavors, from fixed-rate models to variable ones, where you select various equity accounts to invest in. Indexed universal life (IUL) insurance allows the owner to allocate cash value amounts to either a fixed account or an equity index account. Policies offer a variety of well-known indexes, such as the Nasdaq-100 or the S&amp;P 500. IUL insurance policies are more volatile than fixed ULs, but they are less risky than variable UL insurance policies, because no money is actually invested in equity positions.</p> <p>Prashant has a Bachelor of Engineering with 16 years of experience in technology field. Now licensed Finance professional running a successful financial services agency. Switched from Technology to Finance and helping families plan for their personal finances.</p> <p>Topics discussed during the podcast:</p> <ul> <li>Why did you&nbsp;switch&nbsp;from&nbsp;technology to financial&nbsp;planning?</li> <li>What level of diversification people should look at for their money?</li> <li>What is IUL and why would someone use IUL?</li> <li>What is the difference between dividend paying whole life insurance vs. IUL?</li> <li>Who are good candidates for Term, Whole life and IUL?</li> <li>Do you recommend one strategy over another?</li> <li>What do you see would be the impact of COVID-19 on real estate and stock market?</li> <li>Would you be changing any business or investment strategy after Coronavirus?</li> <li>Favorite real estate/finance or any other related book?</li> <li>How do you give back?</li> </ul>