Acquiring an IUL policy can save money and provide a death benefit. After fees, annual renewable term life insurance premiums boost a policy’s cash value. Monthly or annual interest is dependent on an equity index’s performance.

Indexed Universal Life Insurance’s Advantages

When looking for universal life insurance, you must do your homework and make sure that the company you choose is among the best in the industry. Let’s look at some of the most salient benefits of incorporating IUL into your overall financial strategy.

1. Increased potential for profit

In contrast to traditional whole life and fixed universal life insurance, these plans leverage call options to get protection from equity indices without the associated risk of losing money. IUL policy returns are connected to the index they track. Your insurance company may offer a minimum assured return to provide some safety.

2. Higher adaptability

An IUL policy can be tailored to your requirements and goals. The amount of market risk the policyholder is willing to bear, the death benefit, and the choice of riders all contribute to the policy’s adaptability. Long-term care riders may assist in paying for nursing home fees.

3. Capital gains are tax-free

Policyholders who surrender their policies before maturity escape capital gains taxes on the cash value growth. This benefit also applies to cash value loans, should you require one. If you’d rather not pay taxes and penalties by withdrawing from your 401(k) or IRA early, a cash source you may borrow from may be appealing.

4. Social Security benefits aren’t affected

Social Security benefits may be a large percentage of your retirement income. Benefits can be begun at age 62 and deferred until age 70. If you collect retirement benefits early or continue to work, they will be decreased. An annual income cap reduces benefits before the full retirement age.

5. Survivor payments

IUL insurance provides a death benefit, like standard life insurance. The cash can cover final expenditures, a mortgage or co-signed student loan, a child’s college tuition, or monthly living expenses. After your death, your heirs won’t owe taxes on this payout.

Should You Invest in Indexed Universal Life (IUL) Coverage?

A good means to take care of your loved ones, an indexed universal life insurance policy is not a viable financial strategy for most people. You could lose the money you’ve already put into an indexed policy if you let it lapse because of the high premiums and other fees associated with keeping it active for a long period. While this could be a good fit for certain investors, others might do better with equities or fixed-income investments.

Conclusion

Cash value and insurance protection in one convenient package: that’s the promise of an IUL. However, whole life insurance policies can be more complicated than other forms of life insurance, and they are not appropriate for all types of investors. The best way to determine if indexed universal life insurance is right for you is to speak with a licensed insurance agent or broker.

Contact Information:
Email: [email protected]
Phone: 8437298667

Bio:
Helping people plan a secure financial future

> REDUCE YOUR TAXES
> CUT YOUR INVESTMENT COSTS
> PLAN YOUR RETIREMENT
> MEDICARE SOLUTIONS MADE EASY

WE HELP OUR CLIENTS CONSERVATIVELY MANAGE THEIR INVESMENTS AND MAXIMIZE THEIR RETIREMENT INCOME.

FRANK URBAN is a well-known financial speaker and educator in Charleston, South Carolina, and is President and Founder of The URBAN Advisory Group LLC, A Registered Investment Advisor, URBAN Healthcare Solutions For Seniors and is a Federal Employee Benefits Specialist. His expertise is helping retirees and those soon to retire avoid common, costly financial mistakes. For over 30 years Frank has been advising retirees and pre-retirees, including past & present employees of the U.S. Government, Veterans and their families, and many past and current owners and employees of local businesses as well as those from out of the area who choose to relocate to Charleston.

He is/has been a member of the National Ethics Bureau, an organization that promotes consumer confidence by providing a source to verify business ethics for financial and insurance advisors.

Frank has lectured widely on financial topics, hosted a Safe Money and Retirement Radio Show on WTMA 1250AM and speaks regularly to investors in greater Charleston and the surrounding areas. He attended Northeastern University and served in the United States Marine Corps. Frank has 4 children, 9 grandchildren and 9 great-grandchildren and lives West of the Ashley with his wife Donna.

Office: (843)556-7400 Email: [email protected] Cell: (843)729-8667

Search The Best-Rated IUL Experts. Seek Out The Best Advice.
IUL is a Great Potential Solution - The Best Results Require
The Best Advice.
About Frank
Frank Urban

Helping people plan a secure financial future > REDUCE YOUR TAXES > CUT YOUR INVESTMENT COSTS > PLAN YOUR RETIREMENT > MEDICARE SOLUTIONS MADE EASYWE HELP OUR CLIENTS CONSERVATIVELY MANAGE THEIR INVESMENTS AND MAXIMIZE THEIR RETIREMENT INCOME.FRANK URBAN is a well-known financial speaker and educator in Charleston, South Carolina, and is President and Founder of The URBAN Advisory Group LLC, A Registered Investment Advisor, URBAN Healthcare Solutions For Seniors and is a Federal Employee Benefits Specialist. His expertise is helping retirees and those soon to retire avoid common, costly financial mistakes. For over 30 years Frank has been advising retirees and pre-retirees, including past & present employees of the U.S. Government, Veterans and their families, and many past and current owners and employees of local businesses as well as those from out of the area who choose to relocate to Charleston.He is/has been a member of the National Ethics Bureau, an organization that promotes consumer confidence by providing a source to verify business ethics for financial and insurance advisors. Frank has lectured widely on financial topics, hosted a Safe Money and Retirement Radio Show on WTMA 1250AM and speaks regularly to investors in greater Charleston and the surrounding areas. He attended Northeastern University and served in the United States Marine Corps. Frank has 4 children, 9 grandchildren and 9 great-grandchildren and lives West of the Ashley with his wife Donna. Office: (843)556-7400 Email: [email protected] Cell: (843)729-8667 Read More