Let’s tackle two common myths about Indexed Universal Life (IUL):
MYTH: The IUL will lapse.
Some claim that IUL policies will “crash and burn,” or run out of money, as you get older due to rising insurance costs.
TRUTH: If structured correctly as a living benefit, your IUL will essentially make you self-insured. As your cash value grows to equal or exceed the original death benefit, the cost of insurance can actually decrease over time.
MYTH: “Level is the devil.”
Some believe you should always avoid the level death benefit option.
TRUTH: If you want your costs to go down as you age, you’ll want to choose the level death benefit at some point – perhaps even from the beginning of the policy for older clients. This makes the policy more cost-effective.
Want to dispel more IUL myths?
Get a FREE copy of “The LASER Fund,” my book that explains it all.
Just contribute a nominal amount toward shipping, and I’ll cover the rest! Visit laserfund.com. #shorts
#3DimensionalWealth
#FoundationalHealth
#IntellectualHealth
#FinancialHealth