Many times people ask, “Doug, why do you seem partial to Indexed Universal Life (IUL) over Whole Life?” Here’s why:
With IUL, because of the TAMRA tax citation, you can reposition your money into an insurance policy faster. If I want to reposition $500,000, I can’t put it all in at once if I want tax-free income later. However, with IUL, I can get it all in within 4 years and 1 day, whereas Whole Life takes 6 years and 1 day.
IUL allows you to fund your policy faster and get away with less life insurance under TEFRA and DEFRA, which means lower costs. This results in your money growing quicker and faster in an IUL policy compared to Whole Life.
Learn more about the advantages of IUL and how to achieve financial independence faster and smarter. Click on the link below, contribute a nominal amount towards shipping, and I’ll cover the rest. I’ll send you a hard copy of my insightful book.
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