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0:40
YouTube
Adam Niman
How Universal Life Insurance Actually Works
Universal life lets you pay just the cost of insurance and control where everything above that goes. Instead of the insurance company dumping it into a par fund with dividends you cannot count on, you can direct that money straight into the S&P 500 where it grows tax free and can be borrowed against as it builds. I put $1,000 a month into his ...
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The most important thing to pay attention to when getting an Indexed Universal Life Insurance Policy, is the way it is structured! I can’t stress enough how much misconceptions are made about an IUL simply because it wasn’t structured properly and it has nothing to do with the product itself! So if you are ready to set up an Indexed Universal Life Insurance policy, make sure it is structured to benefit you and not your agent’s pockets! Speak to a professional who can explain how exactly an IUL w
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A good IUL and a bad IUL can look almost identical on the surface. Same product type. Same insurance company. Same monthly premium. Completely different outcome. That is why the question is not: “Is indexed universal life good or bad?” The real question is: “How was it structured?” A good IUL is designed around the client’s goal. Cash value. Family protection. Retirement income. Access to capital. Long-term policy health. A bad IUL is usually designed around the agent’s commission, oversized dea
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👀Here’s how. It’s called an Indexed universal life insurance policy💰. In the above example a 35-year-old healthy individual saves $1200 a month into an IUL. Here’s why 1. They’ll average 6-10% returns with no risk in the stock market, so they can’t lose money. 2. Their money is growing completely tax free and liquid so they have access before 59 1/2 with no penalties. Along the way they can access that money for future businesses, investments, real estate, opportunities or emergencies, and pay
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