About Me

About Michael Goodman

This website is the property of Michael Goodman, a life insurance agent with a practice in Northridge, California (CA license #0H43764).  I got my first life insurance license in 1986.  I was born and raised in Southern California and the only time I’ve lived outside this area was when I served in the U.S. Air Force (1974-1977).

My work in a variety of fields has been recommended in articles in both local publications (“The Antelope Valley Press”) and national publications (“The Washington Post”).  I’ve been a guest and/or interviewed on radio (including the BBC) and on television ( Fox News at 11 and The Oprah Winfrey Show in 1993).

I offer free consultations to discuss how life insurance or annuities may provide the solutions needed for you or your family. I am an independent agent and work with many life insurance companies.

We offer policies for Term Life, Final Expenses, Whole Life, Indexed Universal Life, and Annuities.  I will answer any question ASAP if sent to –  EquityIndexLife@gmail.com.


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2 Responses to About Me

  1. Milton Gao says:

    Hi Michael,
    I just started looking into my retirement plan and also checking into the different plans like 401k, Roth 401k, IRA and Roth RIA. I did my home work on both Annuity and IUL as well. Through some IUL illustator software, 7702 articles. etc.
    I have read your two articles about 401k vs. IUL and they really helped me to understand the concept and details as well. Thanks for getting into the details numbers – I like numbers since I am a computer engineer for very long time.
    Here I only have two questions:
    1. Do you have any article that will compare the differences between term, whole life, annuity and IUL for particular person? And so that people could find out which product they should consider or may be both? For example, the demo you did for 25 year young man will really make the IUL impresive but if you do have a real demo comparision with 401k, they will make it much better.
    2. Do you have any better suggestions for those just started thinking about IUL but already reach their 50’s and with middle class income?
    Any way, I just started learning, may consider to help others as well.
    Please give me some help.
    Thanks in advance.

    • Michael Goodman says:

      Hi Milton,
      Thank you for your questions. First, let me say that “suitability” is a major concern with all financial products, especially in the field of insurance. This is why the State of California requires that I base my recommendations on extensive information gathered from my clients. I can also only make recommendations for California residents. This is why most of the examples I give tend to be general. But there are a couple of things I can tell you.

      First, these two articles should provide more information about life insurance and annuities –

      1. Ask for the report on annuities in the right sidebar on every page, including the home page – http://IndexUniversalLife.net

      2. This article covers the differences between different types of life insurance and how they can be used – https://indexuniversallife.net/142/the-greatest-financial-tool/

      As for doing IUL illustrations alongside 401k illustrations, that’s a good idea but the costs inside most 401k’s make them hard to illustrate, plus, I haven’t seen any software or apps that can illustrate a 401k and deduct the costs along the way, as my IUL illustration software does. But I do plan on adding more examples to my site, so keep your eyes open for them.

      As for the best tool to build a retirement income for someone who is already in their 50’s, that’s going to depend on whether or not you have any assets to start with, like a 401k from a previous job or an orphaned IRA. If you’re starting from scratch, you’ll have to make the largest regular deposits you can manage, no matter which tool you use, and you’ll need to wait as long as possible before taking money out. Without a lot of time for building your money, you will also need to avoid fees and any big losses along the way.

      To choose the best financial tool(s), I recommend that you find a good life agent in your area with which you can consult. All the life agents I know, including myself, provide consultations for free. If you lived in California, I’d be happy to help. But your IP address indicates you may be in Texas, is that right? Tell me which city you live in and I’ll get a recommendation for you.


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