A Properly Designed Life insurance Plan Will Give You
Both - Family Protection & Tax Free Retirement
What is Indexed Universal Life Insurance?
The Index Universal Life Insurance Policy (IUL) first and foremost provides a Family
Financial Protection for your whole life even if reach age 120, the monthly premium
remains the same, AND it is also one of the more innovative Wealth Building tools
used by the wealthy for a Tax Free retirement and bank institutions to help protect their
investments .
- The insurance tool builds up of cash inside the policy.
- This cash is not exposed to market risk, can be accessed tax-free, and is liquid
in form of loans, making it a great Tax Free Retirement option.
The infinite banking concept (IBC) is a system whereby You become your
own banker by growing the liquid cash value inside a properly-designed IUL
or whole life insurance policy, while borrowing against it to fund major
expenditures, emergencies, and outside investment opportunities, including
Real Estate and Business, giving you CONTROL of the money you earn.
Ever wondered, what is better?
IUL or 401k
Which is Better for You?
Fact is that there are many plans and carriers for both 401k and IUL and many variables like age, amount of contribution, matching percentage and more needed to find out and see which one is the best for you, this comparison is a basic comparison on the main benefits.
On average most employees contribute $300 per month to their 401k ( $150 per biweekly paycheck),
Let's look at some scenarios to compare, these are based on a 40 year old female in good health.
If she Contributes the $300 to 401k and:
1. 10 years later she dies. (she paid for 10 years, totaling $36,000)
Her family would ONLY get the total amount contributed and depending on the 401k program from
her company the family might get the amount that was matched, but they will have to pay taxes on
that total amount, to confirm you she would have consulted her tax person and her 401k plan manager.
2. 5 years later she gets a heart attack and survived but can't work for 5 months or a year, Her sick pay would only lasts so long long and on average after 3 months and after not working her Health insurance coverage and her Work Life Insurance drop, she would no longer have life
insurance so is he died after this family would not receive anything and it is very likely she will
do what most people do, she ends up borrowing money from the 401k to help with household expenses, rent, bills food and she does not back the loan there are taxes and penalties to deal
she would have to deal with.
If she contributes the $300 to and IUL Life Ins and:
1. 10 years later she dies:
Family would get a Tax Free Benefit of up to $950,000 (depends on type of insurance she
chose **) money they can use to payoff the house, car, college or any other debt they might have.
2. If 5 years later she gets a heart attack and survives, but can't work for 5 months or a year,
She can still collect her sick pay an what ever she is entitled to from work
And she could also get a Tax Free Benefit due Living Benefits - $20,000 to $50,000 or more, the
amount would vary* (Click here for video to see a testimonial of how Living Benefits works )
** $300 month will get her coverage of $215,000 of permanent life insurance that builds cash for Tax Free retirement.
$300 month will get $301,000 on a 25 year term with ROP, if no benefits used she gets check for $90,000*
$300 month will get $950,000 on a 25 year term with NO ROP *
There are many scenarios possible, again every person has their unique needs and budget.
Unlike with traditional 401(k)s, IUL is funded with non-qualified money, or after-tax dollars.
So what you pay into IUL has been taxed already. That’s good news for future income – potentially tax-free retirement income! IUL also offers the advantage of a tax-efficient death benefit for loved ones. And what are some other differences? Unlike a 401k, you do not have to wait until you are age 59.5+ to use this cash without penalties and taxes…unlike your 401(k). It’s an extremely versatile asset that provides a lot more than most life insurance policies.
*Please call for details and a Free quote
Want to know how much you qualify for and how it compares to your your 401k?
Call us for a Free Consultation (626) 790-9098 or Click here and fill out the form
This site provides life insurance information and quotes - Each rate/quote is based on information provided by client and in accordance to each individual State's regulations. Life Insurance National License # 2667993
*Please Note - No Coverage is given until Application is Approved & Premium is received by the carrier
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