Critics often claim that Indexed Universal Life (IUL) policies are too expensive and that the cost of insurance will cause them to “crash and burn” as you get older.
This couldn’t be further from the truth.
When you maximum fund an IUL for living benefits, tax-free accumulation and retirement income—you’re actually designing it to use the least amount of insurance while contributing the most money allowed under the TEFRA, DEFRA, and TAMRA tax citations.
Think of it like a bucket: You’re filling it as fast as possible with tax-free growth. The spigot on that bucket, which represents the cost of insurance, gets smaller over time.
The bottom line?
As you age, the insurance cost actually decreases, until it’s practically negligible.
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