How Much Does a Max Funded IUL Insurance Policy Cost?
Have you thought about doing one of those permanent life insurance policies you keep hearing about on social media and wondered how much they cost? Today we're going to talk about what you should expect with max funding an IUL.
What is an IUL?
What does it mean to max fund an IUL?
What is the mindset of an IUL?
And several other questions most people have about making the most use out of their permanent life insurance policy.
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Пікірлер: 17
Explained in a very nice and balanced way. Thank you, Mckensy!
@MckensyLong
10 ай бұрын
Thanks for the comment!
Hello Mckensy, I recently found your content and love it. At 8:52, I believe I heard you say "term-for-life" policy. Is this different from a permanent life policy?
@MckensyLong
4 ай бұрын
Yeah! Pacific Life might have coined it. They have a term-for-life... should check it out if you can use them.
I love the way you explain thank you sir.
@MckensyLong
9 ай бұрын
Thank you for the comment and the sub!
Great breakdown! Learned a lot. Thank you for this.
@MckensyLong
Жыл бұрын
Thanks for the comment and the sub!
Thank you 😊
Whole life, VUL, UL are also a CV policy in addition to the IUL. What about thr Internal Revenue Code 7702?
@MckensyLong
Жыл бұрын
True.
Mr. Long, Thank you so much for a clearer understanding. However, how do you find a reputable broker?
@MckensyLong
Жыл бұрын
What state are you in? I might be able to refer someone. But as a general rule, I think most people are good. You just gotta know what your looking for and have some understanding that your job is to put as much as you can in it.
@erikajaimes1800
Жыл бұрын
Any recommendations within Florida?
Would you recommend starting an are you well if you are 62 years old and heading into retirement thank you
@MckensyLong
10 ай бұрын
It would depend. If you need money to retire on and you have little saved... Probably not in an IUL. Would be hard to qualify (health has to be great). Cost of Insurance would be High. Not enough time to let it grow. If you are planning as an inheritance... Probably and IUL. You could maybe get a lot of life insurance for a smaller monthly amount, and leave a few hundred thousand behind. If you can qualify. If you're really wealthy... An IUL could be a great tool to strategize taxes and transfer of wealth. Hope that helps!