“Lapsed: The Universal Life Insurance Whistleblower”
An industrywide expose of Universal (UL) , Variable Universal (VUL), Index Universal (IUL) and Group UL/VUL policies.
After researching over 5,000 MetLife individual UL and VUL policies totaling over $1,000,000,000 ($1B) in death benefits, author and financial advisor, Elan Moas exposes how these policies are designed to fail rather than succeed.
In Lapsed, you’ll learn the following:
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- How to order your “in-force illustration,” the policy projection.
- The multiple product design flaws that will cause your “permanent” policy to lapse while you are still alive
- How your advisor and insurer maximized their commission leaving you with a poorly “funded” policy destined to lapse
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The book is written in 8.5 X 11 (letter-size) to accommodate the illustrations that do not render well on a tiny Kindle.
5.0 out of 5 stars Revealing book!
Reviewed in the United States on August 1, 2023
Great! Finally someone who explained the universal life mess correctly. Yes. His explanation of the in force illustration is something my advisor never told me about. Do yourself a favor and order one.
5.0 out of 5 stars The hard truth
Reviewed in the United States on August 2, 2023
Whistleblowers are a rare breed. Thank you for exposing the hard truth!
5.0 out of 5 stars This book changed my LIFE (insurance policy)!
Reviewed in the United States on August 6, 2023
This book is a must-have if you own a universal life insurance policy. I can’t imagine anyone who has this keeping their policy after completing the “scorecard” that Moas offers in the book.