Interesting 🤔 IUL policy sales are up in the 1st Quarter according according to LIMRA. IUL sales jumped⬆️ an incredible 25% in the 1st quarter of 2023.
Why IUL’s might be a good choice during an uncertain economy.
- Guaranteed Death Benefit: IUL policies provide a guaranteed payout to beneficiaries no matter how bad the economy is. This ensures financial protection for your loved ones.
- Market Protection: IUL policies can safeguard cash value from market downturns, shielding policyholders from losses. Although tied to an index, the funds are not directly invested, providing stability.
- Potential Growth: In stable economic conditions, IUL policies offer potential gains based on index performance. Policyholders can benefit from growth without excessive risk. A nice way to really create some generation wealth.
- Tax Advantages: IUL policies provide tax-deferred cash value growth and tax-free death benefits, optimizing potential savings for policyholders and beneficiaries. Got to love that tax-free financial growth.
- Flexibility: IUL policies allow for premium and death benefit adjustments, accommodating changing financial needs and ensuring ongoing security.
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