As one of the fastest-growing segments of the life insurance industry, Indexed Universal Life (IUL) is a life insurance vehicle you’ll want to gain familiarity with. Learn more about the crediting method that makes IUL possible, learn how to market IUL products as the powerful tax-free death benefit and supplemental income sources that they can be, and learn more about selling indexed universal life. The experts at Brokers Alliance® know all about IUL, and they can help you understand this groundbreaking Life Insurance product as well.
No one, for any reason, should save for their retirement with pre-tax dollars if they are serious about retiring financially secure. Most Americans have very little knowledge of their current retirement plan or why they are funding it in the way they are.
Tax deferred plans were never intended for those who fund them and those they were intended for do not fund them. Unless you are convinced that future income tax rate will be lower than today, the superior way to fund your retirement is in a tax free program. There is only one solution and I did not discover it until 2005.
Most "baby boomers" are now unable to retire, or unable to maintain a reasonable lifestyle because of the pitfalls of saving in tax deferred plans. (They were the first to fund IRAs, 401ks, or other TDPs) Since 2005, marketing associates have closed 86% of all the prospects they have presented the IUL alternative to.
How will you get your income out of your retirement savings?