Indexed Universal Life
UNINTERRUPTED
COMPOUND
INTEREST
Discover how wealthy people have leveraged
cash value life insurance policies for over
200 years to grow their money and avoid
paying taxes legally.
Discover The Power Of Cash Value Life Insurace
IUL FOR KIDS
IUL FOR ADULTS
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Please read the FAQ below before scheduling an appoinment
IUL Frequently
Asked Questions
What is Indexed Universal Life (IUL)?
Indexed universal life insurance is a type of
permanent life insurance that has a cash component
in addition to a death benefit. The money in your cash value
account can earn interest based on stock market index
chosen by the insurance comapny such as the S&P 500.
How Does Indexed Universal
Life Insurance Work?
When a premium is paid, a portion pays the cost of
insurance based on the life of the insured, and the
rest is added to the cash value. The total amount
of cash value is credited once a year with interest
based on increases in an index (but it is not directly
invested in the stock market).
How Much Can I Start With?
You can start with as low as $50 a month. However
the higher your monthly premium, the faster your
cash value grows. Below is our recommendation:
20yrs - 25 yrs: $100 - $150
26 yrs - 30 yrs: $150 - $200
31yrs - 35yrs: $200 - $250
36yrs - 40yrs: $250 - $300
41yrs - 45yrs: $300 - $400
46yrs - 50yrs: $400 - $500
50yrs - 60yrs: $500 - $1,000
or more
What Are The Advantages Of IUL?
There are many advantages to having an IUL policy.
Less risk: The policy is not directly invested in the stock
market, thus reducing risk to zero.
Interest rate ranges from 5.8 - 10% annually
(depending on market performance).
Tax free - You don't pay taxes on interest earned.
Easier distribution: The cash value in a IUL policy can be acessed at anytime without penalty, regardless age.
Access death benefit - while alive if you become Critically,
Terminal, or Chronically ill.
Death benefit -- this benefit is permanent , not subject
to income or death taxes, and not required to go through probate court.Unlimited contributions: IUL insurance policies have no
limitations on annual contributions.
What are the disadvantages of IUL?
There are a few disadvantages to IUL. First, it does take time
for the cash value to grow depending on how much your
monthly premium is. Secondly, the cost of insurance could
be high depending on your age and health condition. Finally,
there is a possibility some years you might not earn any interest if the index does not perform well. This means that you will not gain or loss anything in your cash value for the year.
What is the age range to qualify for an IUL?
Anyone from 15 days old and above can qualify for an IUL.
Do I need a medical exam before I can get approved?
Generally, IUL policies do not require medical exams. However, during the application process, you will need to give HIPPA consent to the insurance company to access your medical records to make sure you don't have any major health issues. In some cases, medical exams may be required based on medical history.
Also, if you apply for a death benefit of more than $1 million,
a medical exam might be required.
What are some reasons why people get declined?
Below are some of the reasons why a person can get denied.
A felony within 5-10 years
DWI or DUI withi 5 years
Overweight (depending on height)
Personal history of cancer
History of alcohol or substance abuse
Life, health, or disabiliy insurance has been rated/declined
Major medical conditions
Do I have to pay tax on the interest earned on my cash value?
No, you do not pay taxes on funds accessed from the cash valueas long as the policy remains inforce. If you decide to cancel the policy you will be required to pay taxes on any "interest earned" in your cash value.
Is IUL better than 401k 403b or IRA?
401k, 403b, IRA are considered investments, while IUL is not. However, IUL does offer several benefits, which are not availabe with a 401k, 403b, or IRA. For example, you can fund the policy with as much as you want, there are no age restrictions on withdrawls, you do not have to pay taxes on the interest earned, it's not impacted by market losses ect.
What is the difference between IUL and Infinite Banking?
Infinite Banking and MPI (maximum premium indexing) are both considered IUL.
How soon can I access the funds in my cash value?
You can access funds in your cash value within 30 day of starting your policy. However, you can only do this if you fund
the policy with a lump sum when you open it. Generally it takes at least a year for you to accumulate enough funds to withdraw, and the minimum withdrawl is $500.
What happens to my cash value when I pass away?
The cash value is added to the death benefit and paid out to
Your beneficiary. For example, if you pass away and you have $50,000 in cash value and $300,000 in death benefit, your beneficiary wil receive a total amount of $350,000.
Can I fund the policy with large sums of money at once?
Yes, but it depends on how much your death benefit is. A high death benefit gives you the abiity to over fund the policy, which enables your cash value to grow much faster.
How do I access money from my cash value?
You can eith withdraw the cash value, which will reduce or deplete what you have accumulated, or you can take out a loan against the cash value. It is more beneficial to take out a loan because your cash
value will continue to to earn interest at a higher rate, while you pay a lower interest rate for the loan. Another benefit to taking out a loan is that you do not have to pay extra on top of your premium if you do not choose to do so. A portion of your premium will go towards offsetting your loan. If you do pass away in the process of paying back your loan, the loan balance will be deducted from your cash value and whatever is left will be paid out to your beneficiary.
What happens if the insurance company shuts down or files for bankruptcy?
When an isurance company becomes finanialy unstable and can't
pay policyholder claims, the state's insurance commissioner can take over the company through a proces called receivership. First, the commissioner will try to rehabiitate the company to improve it's financial situation. If that doesn't work, the commissioner can declare the comany insolvent and sell off it's assets, according to the National Organizatin of Life & Guaranty Association. If a insurance company is declared insolvent, the state guaranty association fund swing into action. The association wil transfer the insurer's policies to another company or continue providing coverage itself for policyholders
Where can I get a IUL policy?
You can only get an IUL through a licensed life insurance agent who is appointed with companies that offer IUL's. Our agents are licensed nationwide. Complete the form below and an agent will reach out to you.
Can I increase my monthly premium anytime?
Yes, you are allowed to increase your premium up to a certian amount annually depending on how much your death benefit.