Planning for your retirement? You may want to consider indexed universal life insurance as part of your strategy. Read this guide from a leading IUL expert to learn more.
Rising taxes and market fluctuations are two enemies of retirement savings that you must guard against, if you don’t want to wake one morning to a significantly depleted nest egg.
Including indexed universal life insurance in your strategy, as Indexed Universal Life highlighted in its latest guide, can help minimize the impact of these uncertainties, ensuring your retirement funds will be there for when you’ll need them.
The guide details the many advantages this type of insurance policy offers, especially to those nearing retirement and looking for a safe option to protect them from rising tax rates and market fluctuations.
Visit IUL in Retirement to read the guide.
With 69% of Americans worried that the economy could slide into a recession before the end of the year, the guide provides insights on how you can leverage indexed universal life (IUL) insurance to preserve your wealth.
According to the guide, indexed universal life (IUL) insurance, like other products in the same category, offers principal stability, which means that the IUL policy cannot go down in the case of a market decline. Beyond this feature, the policy also has a cash value component based on the performance of an underlying market index. More details at IUL vs Whole Life
The guide explains that the cash value inside an IUL insurance policy grows on a tax-deferred basis, which means no capital gains taxes are owed unless you withdraw the funds. Should you decide to withdraw money, you can access your funds tax-free through an IUL policy loan. "Having access to an investment that you can access tax-free is an enormous benefit in retirement," the guide clarifies.
Despite these benefits, the company explains that indexed universal life insurance has its drawbacks. As such, it advises you to consult with experienced IUL professionals to determine whether the product is right for your situation. Learn more at What Is IUL
Alongside its extensive library of resources, from ebooks and guides to informative articles that address consumers’ concerns about IUL insurance, the company matches readers with local IUL experts for consultation. You can browse the website’s "Find an Expert" section to connect with IUL professionals near you.
An excerpt from the guide reads, "The major benefit of using an IUL in your retirement planning is the benefit of choice. IUL owners enter retirement with an additional asset that is guaranteed not to lose value in down markets and could significantly outperform other investments with similar risk profiles."
Ready to recession-proof your retirement savings? Look no further than an IUL insurance policy.
Read more about indexed universal life insurance at IUL Calculator
