This article explains IULs by comparing IUL to whole life to show how much they are alike and the key differences. We also debunk IUL myths.
permanent life insurance
13 posts
If you are a real estate investor who wants to use a life insurance policy for real estate investing, you need to have a maximum over-funded life insurance policy. When you get an illustration from your life insurance agent, how do you know that the policy has been designed properly? and is a maximum over-funded life insurance policy? Understanding life insurance illustrations isn't easy.
Private banking strategies like The Double Play require a maximum over-funded life insurance policy to get the most benefit. Not every "over-funded" policy is funded right up to the legal Maximum (Minimum non-MEC). The best way to know that your policy design is funded right to the minimum non-MEC threshold is to look at the ratio of the cash value to the premium in the first policy year of your Illustration. If it is not 85-90%, then the policy is likely not designed right.
How often do you hear the recommendation to “Buy Term and Invest the Difference” when the subject of permanent life insurance comes up? Do you accept that statement at face value? Or are you like me and you need to see some proof? The Premise The premise behind “Buy Term […]
By coupling a high-deductible health insurance plan with Critical Illness, Long Term Care, and Accidental Injury policies, you can lower your total cost of Health Insurance while simultaneously increasing your level of protection. Fact: Costly illnesses are responsible for two-thirds of all personal bankruptcies in the United States. Health Insurance […]
I just had a really fun and great interview as a guest for Jim Froehlich on his Podcast for Patriots show. The link to the podcast is below. Here’s what you’ll learn… We had a fun conversation about my background and military experience prior to college and career. Lots of […]
There is a lot of fear-mongering about life insurance on social media. The Whole Life guys are bashing IUL. The IUL guys are bashing Whole Life. Securities guys are bashing life insurance. I don’t know what your motive is in making such a blunt statement without providing any facts to […]
Most people don’t realize how powerful life insurance is for creating tax-free retirement income. Did you know that dollar for dollar, a Life Insurance Retirement Plan (LIRP) will provide about 2 to 3 times the income than a traditional retirement plan? EVERYBODY asks me: “How do you get income from Whole Life or Indexed Universal Life?”
Are These Common Life Insurance Myths Keeping You From Maximizing Retirement Income? Introduction A big part of my business is helping sophisticated real estate investors learn how they can put their money to work in two places at one time by leveraging the cash value of a maximum over-funded life […]
If you search on the internet for information on Indexed Universal Life (IUL), you will find a lot of misinformation. The following “Top 10” list, for example, comes from one of the market leaders in teaching people the concept of using the cash value of permanent insurance as your own personal […]