Did you know there are disadvantages to indexed universal life insurance (IUL)?
It is true. There are advantages and disadvantages to every type of insurance, and this includes indexed universal life insurance.
Indexed universal life insurance is a very popular type of life insurance. I am sure you have heard the accolades that you can withdraw the cash value income tax-free (which is true – more on that in a minute).
However, there are disadvantages, too. Many agents don’t speak about them. If you are going to purchase an IUL, you need to know these disadvantages and level set on expectations.
You don’t wake up in the morning, turn to your spouse, and say “Honey, let’s buy some burial insurance.”
Here at My Family Life Insurance, we are asked often about indexed universal life insurance (IUL).
Insurance policies for newlyweds? “
Recently, we have had several clients approach us if they should purchase an annuity or life insurance policy as it relates to saving money. Both can offer conservative value growth with really no loss of principal. If you want to