Index Universal Life Insurance policy
Why an Executor or Administrator should Make an Index Universal Life Insurance policy the cornerstone of the family estate.
IUL insurance policies are an essential building block in the protection of an estate. They offer a combination of benefits including tax-deferred growth potential tied to market indexes, flexible premium payments, and adjusted death benefits. Policyholders can access cash value through tax-free loans, providing liquidity for various financial needs. Living benefits are available if the policyholder ever gets cancer, has a heart attack, or suffers a stroke. Death benefits are provided to beneficiaries in the final hour.
Frequently Asked Questions
The tax-free death benefit from an IUL can cover estate taxes, allowing heirs to keep family assets instead of selling them to pay taxes.
Policyholders can borrow tax-free against the policy’s cash value to fund expenses, investments, or family goals. Repayment terms are flexible, and interest goes back into the policy essentially letting you “be the bank” instead of relying on outside lenders.
Yes. Policyholders can adjust premiums and death benefits over time, making the policy highly adaptable for different estate planning needs.
Tax-free cash value: Grows based on the performance of a market index (e.g., S&P 500), with tax-deferred growth and no risk of loss.
Living benefits: Provides financial protection if the policyholder experiences a major health event such as a heart attack, cancer, or stroke.
Death benefit: Guarantees a tax-free payout to beneficiaries, ensuring smooth wealth transfer.
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Contact us today to learn more about how we can help you with all of your real estate needs.
Contact us today to learn more about how we can help you with all of your real estate needs.