Secure and Protect Your Family’s Future With an Indexed Universal Life Insurance Policy.
Opt for an Affordable Life Insurance Policy
Nobody wants to think ahead to the days when we might no longer be around. Permanent life insurance policies are a great option to protect your family’s financial future and continue to provide for them after you pass away.
An indexed universal life (IUL) insurance policy gives you permanent coverage. The policy builds cash value through an equity index account and lasts throughout your life.
Once you’ve built up enough value in your policy, you can use it to fully pay for or lower your premiums without decreasing the total benefit of your policy for your loved ones.
To learn more about IUL policies and how to get one started, schedule a free 30-minute strategy session with My Guaranteed Income or give our office a call.
Call Us Today: 877.404.0733.
What’s Indexed Universal Life Insurance?
Before we dive into the benefits of an IUL policy, let’s discuss some of the other common types of universal policies — variable and standard UL.
With a standard universal life policy, you get permanent death benefit protection, in addition to a cash value component. You can also lower or raise your premium within a certain amount. Additionally, the death benefit is adjustable.
A variable universal life policy can give you higher returns since you can tie the cash value growth to your investment funds. Keep in mind that the growth with this type of policy isn’t guaranteed like the growth with a standard universal life policy.
An IUL policy gives you more growth potential than a standard universal life policy, with not as much risk as a variable universal life policy. Your money isn’t invested in the stock market. The index references how much interest your account gets credited by the insurance.
The Benefits of an Indexed Universal Life Insurance Policy
Here are the main benefits of an IUL policy.
The Insurance Company Absorbs All Risk
Your insurance company will provide all the interest credits to your IUL policy. They do this by investing in index options and bonds.
For example, say that this year’s bond defaults are expected to be much higher than the historical average. Or, imagine that the counterparty to your index options defaults.
These types of events don’t have any effect on the different amounts credited to your IUL policy’s cash values. That’s because the insurer protects the policy owner from financial risk by bearing the entire investment risk.
There Are No Negative Returns
Many clients have been burned in years past by the declining values in the bond and equity markets. An IUL policy comes with a guarantee that their annual returns won’t ever be negative.
If the index selected by the policy owner declines over a certain time, they’ll be protected from financial risk. The policy’s cash value won’t decrease because of declining values in the index.
High Positive Returns
If the index in an IUL policy performs well over the period measured, the amount the insurer might credit on the cash values connected to the index might be substantial. Some IUL policies might also include interest-crediting formulas that look at multiple indices and put more weight on the ones performing better.
Interest Rates Aren’t Fixed
When you choose an IUL policy, the funds in your account don’t earn a fixed interest rate. The interest rate gets based on the market index your policy’s insurer chooses.
An index will track the performance of specific investments, and your insurer picks the index, then figures out the interest rate based on how the index is performing. The company that holds your policy will then credit the interest to your cash-value account.
Create a Tax-Free Cash Flow
An IUL policy can create a tax-free cash flow for you during retirement. Policy owners can use policy loans to avoid local, state, and federal income taxes. Plus, you can avoid the alternative minimum tax on the cash flow.
On top of that, an IUL policy provides you with a tax-free death benefit, like all life insurance policies. The tax-free feature of an IUL policy makes them an attractive alternative.
How Our Process Works
We have an easy three-step process.
Step 1: Schedule a Free Strategy Session
Call our office at 877.404.0733 or schedule online to book a free 30-minute strategy session.
Step 2: Discuss Your Options
Meet with one of our specialists to discuss indexed universal life insurance policies and your financial future.
Step 3: Feel Secure and Confident
Move into the future knowing that you’re providing your family with an affordable, low-risk insurance policy.
What Sets My Guaranteed Income Apart
At My Guaranteed Income, we understand that financial planning can be stressful and confusing, especially when it comes to life insurance policies. No one wants to consider the days when they won’t be around to take care of their family. We treat each of our clients with respect and compassion, helping them make these decisions that significantly impact their lives.
Our team of financial specialists will help you make smart and targeted choices that benefit your family. We’ll create an IUL policy that addresses all of your needs and concerns, ensuring affordable payments. We’ll work with you to find the best plan that fits your unique situation.
We can also assist federal employees with planning for their future with customized retirement plans. No matter what you want to accomplish during your retirement, we’ll help you get there with smart financial strategies.
Contact us today to learn more.
Ready to Get Started?
My Guaranteed Income is ready to help you start with an indexed universal life insurance policy. Contact our office today to schedule a free 30-minute strategy session.