tannerking1
New member
Disclaimer: Keep in mind this is only information I gathered from brief research into an IUL
This is what I gathered from my research into IULs
Example: You put in 100k into a IUL, but you have a 300k death benefit payout. This greatly reduces amount of cash value you generated. Reduce that death benefit to 200k will supercharge your cash value. Building that 100k into a monster into the later years and may be all you need for your retirement.
This is what I gathered from my research into IULs
- Grows tax deferred
- Money withdrew is taxed so tax free income
- Out performs Variable products into a S&P due to not having a fluctuation so you never will lose you will only gain and if you're feeling more bold you can increase the percent of income you receive for that year with the potential of losing your guaranteed interest amount but you will still have a the money you kept at ceiling. So if I put in 100k you will keep that 100k even if that year is bad.
- Requires a few years to get going.
- A superior retirement option.
- Has living benefits just like a regular life insurance policy
- Requires a non greedy agent or a for client agent
Example: You put in 100k into a IUL, but you have a 300k death benefit payout. This greatly reduces amount of cash value you generated. Reduce that death benefit to 200k will supercharge your cash value. Building that 100k into a monster into the later years and may be all you need for your retirement.