IUL vs 401k – IUL vs 401k for Dummies

by | Dec 11, 2022 | 401k | 14 comments




What are iuls vs 401ks – What is an iul vs 401k? 1-800-566-1002 . What are the best types of iul vs 401k plans and learn how you can avoid the most common mistakes that individuals have made when looking to purchase an iul vs 401k for retirement.
Benefits of Indexed Universal Life Insurance vs 401k

Indexed Universal Life Insurance policies have many benefits and features besides a death benefit. When you are older you only concern for your money is cash flow. Will I have enough money coming in each month to retire and live comfortably? A little adjustment now can make a big difference in the future. Consider an Indexed Universal Life Insurance policy.

1st Benefit – Extend Retirement Cash Flow for up to 30-40 additional years

Studies have shown that by just adjusting where you are currently contributing your money towards could give you additional cash flow to use in retirement for an additional 30-40 years. As of right now, you will live for at least 20-25 years in retirement and you could go through all of your traditional savings, like your 401K, Ira, or mutual funds.

Your money inside an Indexed Universal Life Insurance policy grows on a tax-deferred basis and when you take out the money, it comes out tax-free. Keep in mind that you will have no risk and no management fees. This creates perfect trifecta in a savings program.

All of this contributes to your money lasting longer and when you finally need it, it will be there and it will come through for you.

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2nd Benefit- No 59 ½ rule

As with all qualified plans, such as a 401k, Ira, or other qualified policies, you must wait until you obtain the age of 59 ½ before taking out your money or you will be subject to a 10% IRS early withdrawal penalty.

All IUL policies allow you to take money out of your policy when you need it without a penalty. It is your money, why should you have to pay to access it. Think about it, even if you have equity in your home you have to pay a fee to access it and you must be approved for a new loan.

Some people use their IUL as their own bank. They fund the bank for 7-10 years and use the cash value to purchase their vehicles. They pay their policy back the principal and interest they would have paid the bank or credit union and their policy cash value explodes. When the go to retire, that money will be used to fund their cash flow in retirement. Also, some people are able to retire in their 50’s because of these policies.

Consult with a qualified infinite banking concept life insurance broker to see if this system or concept will work best for your situation.

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14 Comments

  1. Michael T McNeal

    Thank you sir for educating the public about this incredible financial tool. I'm licensed and have been serving families and business owners for 15 years. I see the impact of financial illiteracy and the impact of disbelieving what is true based on thoughts and feelings and not facts. If more people, who's health allowed them to qualify, actually used a PROPERLY STRUCTURED IUL, more people would have more financial options in life, and could pass on a financial legacy to their loves ones……. TAX FREE!

  2. Susy Miranda

    Total BS, you have not all the facts about the mutual funds, as far I can tell this video is only romantic way to sell an IUL, and by the way an IUL is an ART so every year goes less and less money to the "net money bucket ". And most of these policies lapses around 65 and 70 age of the client.
    https://www.youtube.com/watch?v=Ga2IG-ZGBqU&t=152s

  3. Jason Spatafore

    Doesn't explain the negatives of IULs. Just goes over trying to pitch the tax benefit to sway viewer toward IUL, which is the same tax benefits as Roth IRAs.

  4. Jazmine G

    What is your opinion about WFG?

  5. Patricia Riley

    Absolutely! The IUL is the one financial tool that everyone should have.

  6. SpiceDaddy

    Very informative. Thank you. What do you think about kansas life IUL? Is worth it getting ur family
    Covered with death benefit plus having an option to get accumulated cash after retirement? Thanks

  7. usohamo

    Great info

  8. Phillip Snider

    Great information and a balanced explanation. Thank you.

  9. Daniel Medina

    Hi, you mensioned that the cv could be tax free as long as its set up correctly. How do I know if my IUL its set up correctly?

  10. patrick Walsh

    Awesome information

  11. david grier

    Coming into the business, GREAT video!!! Great education.

  12. Direct Sun Light

    Wonderful information, thank you! Have you considered working with a company that already does this?

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