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Many people want to know how to maximize fund an IUL policy and take the least amount of insurance the IRS will allow so you can essentially become self-insured, making your insurance cheaper as you get older.
Imagine you’re a 60-year-old male, and you want to reposition $500,000 to optimize liquidity, safety, and the rate of return while enjoying tax benefits.
Instead of getting a ton of life insurance for $500,000, you take the least amount possible, which would be around a million dollars.
When you put in $500,000 of premium over a 5-year period to comply with the TAMRA tax citation, that amount becomes part of the death benefit.
The net amount at risk is only the remaining $500,000.
Based on historical average growth rates, within about 11 years, the cash value can grow to about $1 million, and now you’re essentially self-insured.
Your cash value equals the death benefit, and the cost of insurance becomes minimal.
Learn more about this powerful strategy and how to become self-insured by claiming your free copy of my book, “The LASER Fund.”
Click on the link or visit laserfund.com, contribute a nominal amount towards shipping and handling, and I’ll cover the rest. #shorts
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