IUL meaning & who exactly should be getting an IUL account. #iulpolicy #IUL #financefortradespeople #retirementplanningsolutions #financialliteracy101 #TaxFreeRetirement #retirementsavings | Corey Latour
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IUL meaning & who exactly should be getting an IUL account. #iulpolicy #IUL #financefortradespeople #retirementplanningsolutions #financialliteracy101
Corey Latour. . IUL meaning & who exactly should be getting an IUL account. #iulpolicy #IUL #financefortradespeople #retirementplanningsolutions #financialliteracy101 #TaxFreeRetirement #retirementsavings
229 viewsFeb 19, 2024
IUL Explained
IUL explained in a minute?!🤔IUL is a INDEX UNIVERSAL LIFE. A life insurance policy first before the cash benefits within the policy. Meaning you MUST GET QUALIFIED AND APPROVED first✅But outside of the life insurance coverage, you have CASH VALUE in the policy which is your EQUITY. This EQUITY is a CASH BUILD UP with COMPOUND INTEREST throughout time. The money in your cash value can be LOANED AGAINST TAX FREE and can be USED FOR ANY REASON. And yes, you can pay yourself back that gives you the
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IUL explained in a minute?!🤔IUL is a INDEX UNIVERSAL LIFE. A life insurance policy first before the cash benefits within the policy. Meaning you MUST GET QUALIFIED AND APPROVED first✅But outside of the life insurance coverage, you have CASH VALUE in the policy which is your EQUITY. This EQUITY is a CASH BUILD UP with COMPOUND INTEREST throughout time. The money in your cash value can be LOANED AGAINST TAX FREE and can be USED FOR ANY REASON. And yes, you can pay yourself back that gives you the
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The IUL policy explained, & an IUL account example for a 29 year old, healthy male who wants to have a tax-free retirement.This is the CORRECT way to structure your lUL policy if you were wondering how to be your own bank or wanted to have a tax-free retirement.The IUL retirement policy MUST have the correct strategy in order to have a fully tax free retirement, you want to put as much as you can into the cash value, so you can start becoming your own bank, if the IUL policy is not structured th
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