IUL has likely been a mystery to you and you probably have heard that it is a retirement savings vehicle and you’d like more information about it. One trend we have seen since the last big recession is using an IUL contract as an alternative to the 401k.
___________________________________________________________________________
🟦 IUL APPLICATION:
🟦 BECOME MY CLIENT: COMPLETE THIS APPLICATION:
The application will ask a number of questions. Your answers will determine if you qualify, and if you do, they will help me to prepare a preliminary annuity or IUL presentation for you, so you can see with your own eyes if this is something you want to move forward with. But, know that your information is kept in strict confidence and will never be shared or sold.
🟦 WATCH MY VIDEO: “IUL ON STEROIDS”
🟦 WATCH MY VIDEO: PROPERLY STRUCTURED IUL:
🟥 SUBSCRIBE for more FREE tips:
🟩 CONNECT WITH ME ON SOCIAL MEDIA:
Facebook 🟩
LinkedIn 🟩
DISCLAIMER:
The Wealth Protection Lady makes content available as a service to its customers and other visitors to be used for informational purposes only. While our best intentions are to provide accurate and timely information, you should always consult with retirement, tax, and legal professionals prior to taking any action….(read more)
LEARN MORE ABOUT: IRA Accounts
CONVERT IRA TO GOLD: Gold IRA Account
CONVERT IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
Index Universal Life Insurance (IUL) for Dummies: A Simple Guide
Insurance can be a complex topic, with various types and policies available to consider. For individuals unfamiliar with the landscape, navigating through the options can feel overwhelming. One specific policy that often sparks interest is Index Universal Life Insurance (IUL). In this article, we will provide a simple guide to understanding IUL, making it easier for beginners to comprehend.
What is Index Universal Life Insurance (IUL)?
At its core, IUL is a type of permanent life insurance that combines an insurance policy with a cash value component tied to the performance of a stock market index, such as the S&P 500. This means that, unlike term life insurance, IUL provides coverage for your entire life, with the added feature of accumulating cash value over time.
How does IUL work?
IUL operates under a simple premise: through premium payments, a portion goes towards providing insurance coverage, while the remaining sum is invested in an index account. The accumulation of cash value is linked to the performance of the chosen stock market index, and it has the potential to grow at a higher rate compared to other types of permanent life insurance policies.
Benefits of IUL
1. Market exposure without market risk: With IUL, you can take advantage of potential gains from the stock market without having to bear the full risk. This allows you to participate in market growth while having a level of protection in place.
2. Tax advantages: The cash value growth in an IUL policy accumulates on a tax-deferred basis. This means you won’t have to pay taxes on the appreciation until you withdraw funds, offering potential tax advantages over other investment options.
3. Flexibility: Another advantage of IUL is its flexibility. Policyholders can adjust their premium payments and death benefit amounts to meet their changing needs and financial goals.
4. Diverse investment options: Index Universal Life Insurance policies provide a range of index options to choose from. This allows you to select an index that aligns with your risk tolerance and investment strategy.
Considerations for IUL
While the benefits sound promising, it’s important to consider the potential downsides too.
1. Costs: IUL policies can be more expensive compared to other types of life insurance. Understanding the fees and charges associated with your policy is imperative. Make sure to discuss these aspects with your insurance agent to comprehend the implications.
2. Market limitations: Although IUL provides an opportunity for market-linked growth, there are usually certain limitations in terms of how much you can gain from market gains. Insurance companies implement methods to cap the maximum potential returns, which may impact your overall gains.
3. Persistency: IUL is a long-term commitment. If you decide to cash out early or surrender the policy, you might incur surrender charges or receive less than the expected cash value. It’s crucial to fully understand the long-term implications of an IUL policy before making a commitment.
IUL can be a valuable addition to your financial portfolio, providing both life insurance coverage and a potential source of cash value growth. However, like any financial decision, it requires careful consideration and understanding. Consulting with a trusted financial advisor or insurance agent can help you weigh the pros and cons and determine if IUL is the right fit for your needs.
Living to be 100 is not a good example! But I do like your video.
So is there a period of time you have to wait to pull money out, I mean if 5 months into having an IUL policy and I have a financial collapse, I probably wouldn't be able to borrow from my IUL correct ?
I'm 54, will this work for me or is it too late ?
I subscribed to your page, this is very important information. Is it okay to share this on my Facebook page?
I don't do any social type communication so can I contact you by phone or email?
Are you still in the insurance industry? By the end of this year, I may be interested in setting up an IUL. How do i schedule an appointment with you.
Great video. I am an IUL specialist myself.
But IUL is after tax money. That’s not calculated in the equation.
Greetings, I started my contract 3 years ago and my agent set it up the TRADITIONAL way. Are you an agent and is it possible to take over and manage it for me?
This should be viewed by everyone, thank you for all your videos!
What good insurance companies provide good IUL?
How does IUL guarantee a zero% loss while giving some positive returns (admittedly capped)? Reward without risk is not available, I was told. Please let me know. Thanks, Regards,
Very informative video. I’m probably not gonna get a response on this video because it’s so old but, how much sense does it make for someone in their early 20s and in good health to invest in an IUL as opposed to the traditional ways of investing like a 401k, Roth IRA, Stocks, etc. I recently talked with one of my family members about this whose an agent and it sounds very compelling. But given the bad things said about it by a lot of other people, I would like to know if something like this would be a smart investment for me, or if the family member in question is just trying to sell me something that isn’t the best for me or that I don’t necessarily need.
Because it is a life insurance contract, the insurance premium increases annually? and the premium expands as the account grows (in order to remain compliant with IRS rules)? The premium increases as the insured ages? the death benefit may grow, but isn't that because your "savings" grows? It doesn't seem to be as straightforward as this explains it.
IUL's are a bad product. Just a glorified whole life policy. High fees and it won't reach results. These people don't even have to be investment licensed.
Be wary of Proprietary Indexes…basically created by insurance companies to make the IUL contract "Look Good"
Hello, is it possible to modify the structure of a pre-existing IUL or would I have to surrender and buy another IUL?
Can your IUL be restructured after it has been issued?
WOW!! You are incredible! My husband has been talking to me about this and has been trying to get me on board. I have been a Dave Ramsey follower, but now, i think I'm a Wealth Protection Lady follower. My question is what is my next step? In your video you say "If you know what you're doing"…. I don't. Help!!
How much is your fee to open an IUL?
The content of your presentation was great, but in particular, I liked the clarity and the illustrations during the presentation. Thank you.
Hi how can I get in contact with you
love this video! How can I get copies of these slides? I need those 🙂
This lady is tripping. I don't want the death benefit dropped on my LIFE INSURANCE. That's there for when I die to leave money behind for people. Idk about this lady, something ain't right. What people need seems to be an individual thing and this person is just advertising for some company.
extremely misleading wow wow
Do you recommend a LEVEL death benefit, or an INCREASING death benefit, given the choice? Seems like level would be less expensive and would increase my net distributions once I retire.
thank you for his information
Do the client have to pay tax When the cash value higher than the death benefit?
Hi, would like have a customized IUL done for me. 16:24
Lots of inaccuracies in this video, not sure if it was on purpose or not. In the first line graph, you show S&P 500 growth from 1998-2013 as only growing to 160,000. BUT in the very next graph you show the same time period resulting in $190,000… Almost like you want to make this product look better than it is. And 12.5% cap????? Where???
Can I be a regular life insurance agent and sale IUL? Is there a specific training I need in order to sale IUL?
Thanks for the video, appreciated. But what I don’t get is that if your money is not based on the index, then why is your return based on the movement of the index? And your Guarantee is not as guaranteed as the agent illustrated in the illustration performance.
I got stuck with my IUL, I wish I knew this 10 years ago.
I just subscribed
I really love this explanation. Some things im still trying to figure. One question that comes to mind can i do this starting at $10,000 a year ?and where do i go to get started?
Scam no thank you
Question: how does the death benefit get paid to the family on the side by side comparison of the 65 year old when his “loans” far exceeded his death benefit. In the 35 years he lived past 65 he wasn’t making gains in the market every year or enough gains to offset those 97k dollar deductions so how is the insurance company still paying his family over 3 million upon death and not recouping their 3 million plus he borrowed when he into had less than 800k in his IUL?
I don't think this videos covers all the cons of IUL. Please do your own research before investing. An insurance product can never be a good investment; of course except for the agents who sells them. I would just get term life for a fraction of premium and invest in the same index/stocks myself and have full control over the money, get the best market returns and not depending on some insurance guy to "structure"
How do you know if the IUL is structured properly or not? You merely adjusted the death benefit to lower the commissions. Do you need to compare the goals (more cash value vs. death benefit)?
Hi, could you please explain about Cash Value Accumulation Test VS Guideline premium test with example?
Love this
Lots of half truths throughout this video.