Accumulation builder select iul12/24/2023 Common Strategies for Using IUL Insurance.What about Pros and Cons of Indexed Universal Life?.Here is a Typical Example of how IUL Works.What is Indexed Universal Life Insurance?.What is Indexed Universal Life Insurance? Eliminate income tax on retirement income.Our goal with using IUL is for the following: Would you rather pay taxes on the seed or the harvest? And no, you don’t get a tax deduction for what you pay into the policy (your contributions). Let’s pull back the curtain and educate you on how indexed universal life insurance is used as a retirement savings tool. So here is where the education begins about IUL. The principal, however, has remained the same. The IUL product has evolved and gotten better each year. Now, there are over 40 companies that offer IUL. How much money would you have saved by now? How much sooner could you retire to enjoy life? Indexed universal life, also known as index life insurance was created more than two decades ago by Transamerica Life Insurance Company. What would happen if everyone could follow Buffet’s rules of investing and never lose money? He is very good at what he does – no, he is the best at what he does. In our opinion, Warren Buffet said it best. According to the Life Insurance and Marketing Research Association (LIMRA), 23% of all life insurance purchased in 2023 has been indexed universal life.
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