Many times there’s confusion between Indexed Universal Life (IUL) premiums and IUL costs.
A lot of people think they’re the same thing, but they’re not.
Let’s say you’re 60 years old, opening a $500,000 IUL policy as an alternative that’s far superior to IRAs or 401(k)s.
You’re maximum funding it with $100,000 a year for five years.
Premium – The $100,000 a year is the premium you’re paying into the policy.
Cost – The cost for that $500,000 death benefit at age 60 might be only 5% or 10% of that amount at most.
So, there’s a huge difference between the cost of an IUL and the premiums that you’re paying into it.
To learn more about all things IUL, claim a copy of my best-selling book, “The LASER Fund.”
Click on the link or go to laserfund.com. Contribute towards the shipping, and I’ll cover the rest! #shorts
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