Top 5 Reasons You SHOULD NOT Get Indexed Universal Life Insurance
I have often discussed the benefits of an IUL, such as, providing safe and productive growth, no contribution limits and more. In this video, I discuss 5 reasons why owning an IUL might hurt you more than help you.
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Пікірлер: 8
Thanks for this. A friend is trying to get me into this, but I don't think I qualify. Anywho, this was great information. Thank you!
Doug andrew is one of them who says that we should consider having all or most of our retirement savings in IUL policies
@DavidMcKnight
8 ай бұрын
That’s the issue.
Thank great advice. I am a Life and health advisor will look at your links.
@DavidMcKnight
Жыл бұрын
Thanks!
I'm considering an IUL with mutual of Omaha with 4 yearly payments of $250,000. I have the 1Million in bonds right now I'm 50 and retiring in Spain with my wife and son during the second half of 2024. I would loan against this policy yearly for spending money in Spain since income is taxed so highly in spain I wanted a way to invest in a safe manner and not have to pay taxes in spain. IS a UIL a good way to do this?
@DavidMcKnight
8 ай бұрын
I don’t think living in Spain gets you out of paying taxes in the US. So this strategy would be just as effective there as it is here, if that’s the way you choose to go.