In this episode Glenn Leest and Erin Lockward cover Indexed Universal Life Insurance products.
Indexed Universal Life
Who is this policy a good fit for?
· Can be used for those who want whole life insurance but also desires safe money management
· Those who want a tax-free income stream in retirement
· Can consistently fund for the first few years of the policy
· Those who want growth on their money but don’t want to own stocks directly
· Want downside protection with upside potential
· Can be used by the single person to convert into an income stream at retirement
· Not for the person trying to scrap together $50 a month, but for the person who can easily do $200 or more per month
1. What are the basics of this type of policy?
· Life Insurance component
· Sub Account – Investment Account (Cash Value)
o Crediting strategy
· Cap Rate
· Participation Rate
· Proper Premium Funding is a must
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WT Wealth Management
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