Indexed Universal Life, called the “IUL” in the industry takes the advantages of the Universal Life policy and allocates the cash value into a premium and safe investment; Index Fund Strategy. Warren Buffett’s favorite too.
So, you get the cash value insurance attached either a fixed account or an equity of a premium index account. Similar to the Vanguard 500 series except with protection from loss. You are actually insured against loss from multi-billion dollar solid companies that have been around for over 150 years. This is the greatest investment strategy ever created and only the upper 1% know about it!
IUL is a type of life insurance that has tax benefits and can help you grow your money without paying taxes on your profits, not the tax on the increase in value of something you own.
An IUL policy or annuity can be a great way to build and protect your wealth! But you need to make sure it is set up correctly with a trustworthy company and a knowledgeable agent. If not, you might end up spending more money than you need to.
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