IUL News
Major IUL Pitfalls: Why Expert Setup is Critical
1. Policy Lapse Risk - The Biggest Danger If premium payments are insufficient, policy charges are high, or cash value growth underperforms illustrated projections, the cash value could eventually be depleted, causing the policy to lapse and potentially triggering income tax consequences. Unlike Participating Whole Life Insurance where coverage gradually becomes fully paid for, [...]
Understanding Life Insurance: A Simple Guide for Everyone
Understanding Life Insurance: A Simple Guide for Everyone Life insurance might sound complicated, but it’s really just a way to protect your loved ones if something happens to you. Think of it like a safety net. If the person who brings in money for the family dies, life insurance can help the family pay bills, [...]