Welcome back guys. Today we will be talking IUL’s and do the pro’s outweigh the cons…is it a scam…how does it work. Hope you guys enjoy the vid and feel free to email me with any questions or if you would like me to do a illustration for you. Thanks and have a great day!! ben.samulak@yahoo.com

“for educational purposes only”

# IUL #indexeduniversallife #life insurance for retirement #Are IUL scams #what is a IUL #IUL training #LIRPs…(read more)

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Are Indexed Universal Life (IUL) policies a scam? This is a question that has been asked by many in the financial world. While some people argue that IULs are nothing but a scam, others see them as a valuable tool for financial planning. In this article, we will explore both sides of the argument and look at the pros and cons of IULs.

First, let’s define what an IUL is. Indexed Universal Life insurance is a type of permanent life insurance that comes with an investment component. The policyholder can allocate their premium payments into a variety of different investments, typically tied to stock market performance. The policyholder’s cash value grows over time, based on the performance of the market index to which it is linked.

Pros of IULs:

1. Guaranteed Protection: As permanent life insurance, an IUL provides guaranteed death benefits to protect your loved ones in the event of your death. The guaranteed death benefit can give peace of mind to those who worry about their legacy.

2. Tax-Free Growth: The growth of an IUL policy cash value is tax-deferred, which means you do not have to pay taxes on the earnings. You can withdraw money from IULs without penalty or additional taxes.

3. Upside Potential: IULs increase in value according to market performance, so their potential to grow can be higher than traditional life insurance policies.

4. Flexible Payments: Unlike other types of policies, IULs allow policyholders to pay into the policy at their convenience, making it easier to adjust payments to fit their budget.

Cons of IULs:

1. Complex Contracts: The complex nature of IULs can make it challenging for the average consumer to understand all the components, fees and limitations in the policy paperwork.

2. High Costs: IULs are one of the more expensive types of life insurance policies. Fees associated with IUL can eat into the growth of the policy, making it less attractive as an investment.

3. Limited Upside: Because IULs follow the performance of the market index, the gains are limited to the cap of the policy. Most IULs come with caps or limits on the growth rate, so policyholders cannot fully realize the upside potential of the market.

4. Limited Liquidity: IULs are not as liquid as traditional investment vehicles. Accessing cash from the policy can be challenging, and the fees can affect the value of the policy.

IULs can be a fantastic option for those who want to take advantage of potential market gains while also protecting their loved ones. However, they are not without their downsides. It’s important to research the policy and consider both the pros and cons before making a decision.

In conclusion, whether an IUL is a scam or not is a matter of perspective. There are some concerns with the policies, and it’s up to the individual looking for financial guidance to decide if an IUL is the right choice for them. It’s recommended that a person seeking to invest in an IUL reach out to a knowledgeable financial expert, who can walk them through the specifics and help them make an informed decision.