In 1980, E.F. Hutton pioneered Universal Life (UL) with a simple but powerful strategy: take the least insurance the IRS allows and put in the most premium possible. This concept set the stage for Indexed Universal Life (IUL), introduced 17 years later when interest rates dropped.
When UL first emerged, the IRS challenged it—but lost. Realizing they couldn’t stop it, they had Congress redefine tax-free accumulation under sections 72(e), 7702, and 101(a) of the tax code.
These sections allow money inside properly structured life insurance to grow tax-free, be accessed tax-free, and transfer income-tax-free at death.
No other financial vehicle in the tax code does all three. That’s why a max-funded IUL remains one of the most powerful wealth-building tools available.
If you’re serious about long-term, tax-free growth, claim a FREE copy of The LASER Fund at laserfund.com. I’ll cover the book—you just cover shipping!
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