Many people think that once you’re wealthy, you don’t need life insurance.
But it’s not about what it is, it’s about what it does.
Savvy, affluent people buy more life insurance because they want liquidity, safety, and tax-free growth.
They use life insurance, particularly max-funded IUL, to reposition assets and optimize their wealth.
For example, if someone at age 60 repositions $2.5 million into an IUL, the minimum death benefit under TEFRA and DEFRA tax rules would be $5 million.
Their $2.5 million could double in about 7.5 years, essentially making them self-insured—the cost of insurance becomes really low because the cash value equals or exceeds the death benefit.
With IUL, they can’t lose any money due to market volatility, they can access tax-free income for anything they want or need, and their wealth can transfer income-tax-free to their heirs.
It’s a no-brainer.
To learn more, claim your FREE copy of “The LASER Fund” by visiting laserfund.com. Just contribute to the shipping! #shorts
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