Nadine Anderson Insurance Agency
Published By Nadine Anderson
- LocationUSA
- StatusCurrently unavailable.
- TypeNew
IUL- Indexed Universal Life Insurance
A RETIREMENT PLAN IN THE BODY OF A LIFE INSURANCE VEHICLE USED FOR SUPPLEMENT RETIREMENT WITH A DEATH BENEFIT.
It’s a Roth IRA married to a life insurance policy.
Comes IRS Code 72e & 7702
4 main benefits of an IUL
1. Protects your income and your family
2. Protects you from market risk with ceiling and a floor with 0 risk
3. Protects you from unnecessary taxes and yearly tax increase as you age.
4. Protects you from outliving retirement money.
IUL provides an enhanced tax free death benefits
Market like growth with zero risk downside protection.
Suitable for IUL
1 Someone not getting a 401K match
2 Someone contributing over and above the match
3 Someone with an income gap in retirement and not contributing to a retirement program
Age :Under 50
Time : how long 20 -40 years
Money : how much can safely put away without stress
Always run the IUL for minimum death benefits maximum cash value
Supplement death benefits with cheap term policy 5-10 times annual income 30 years is great
IUL comparison at Investor.gov
Start at 0 for 401K
For F&G select path Setter always if not wrong product.
Always solve for mass accumulation and income
Solve for face because we know the premium
Stop at 65 or 70 to last 100 years for income stream
Death benefits view option from B to A
401K comparison minus taxes
Compatriots sale with F&G
401k annual withdrawal is 4-5%
We solve for premiums and clients Age
Handling Objections
Why haven’t I heard of IUL before- It’s a financial vehicle mainly used by the wealthy
Such as Magic Johnson, OJ Simpson, Donald Trump,Walt Disney, JCPenny
If need to think about an IUL, thats great, the life insurance company will do the same thing, they have to think about you and evaluate you to see if you are an excellent client for their product because they don’t accept and approve everyone, you will also have to meet their qualifications. Usually when someone say they have to think about it usually means 1 of two things, they have unanswered questions or uncomfortable with the cost, so which one is is for you?
This sounds too good to be true-thank you, I appreciate it and be silent.
You know we are officially endorsed by the American jail association and the American corrections and associations, I really wouldn’t prefer this as a retirement solution to people in law enforcement who could put me in jail. Take that and those endorsements for a ride and if it’s good enough for law enforcement and corrections officers it’s probably good for you.
Life Insurance is a bad investment - it was never meant to be and investment.
it’s an asset that provides financial protection in the event o illness, accidents or death. Average return is 7.54%, if you want to call it something else that fine.
Used to maximize your income in retirement and maintaining a death benefit
