When we talk about Indexed Universal Life (IUL), there’s often confusion between these two terms: premiums and costs.
IUL Premiums: This is the amount you pay into the policy.
There are minimum premiums and maximum premiums that the IRS allows you to put in.
IUL Costs: Some people mistakenly think premiums cover all costs, but that’s not the case.
Costs include the mortality cost, plus any fees or expenses incurred by the insurance company to administer the policy.
Premiums are usually much higher than the actual costs.
Want to learn more about IUL and its liquidity, safety, predictable rates of return, and tax advantages?
Claim your free copy of my book by clicking on the link or going to laserfund.com. Contribute a nominal amount toward shipping, and I’ll cover the rest. #shorts
#3DimensionalWealth
#FoundationalHealth
#IntellectualHealth
#FinancialHealth