You don’t have to, you can just accumulate a loan balance which is later paid back from your death benefit when you die…or you can pay your loans back and make the full high interest yield that all your other funds are earning.
Q & A
You may have other life insurance benefits. Some from work, perhaps some from outside work. Some are term policies that end at specific date. The LiquidIUL.com account is permanent insurance which lasts a lifetime, plus it’s the only death benefit that will allow you to be your own bank, which allows you to make tax-free income on money you have already removed.
Zero taxes will be due. All of the money, when properly removed from the LiquidIUL.com account, will come to you tax-free on all of your earnings.
Your money is guaranteed to never go down in value, meaning it has a ZERO floor. So it might mean your growth is reduced for a few days while the market recovers, but you will never lose a penny. Unlike with 401k’s or investments in the stock market, you balance can only go up…never down.
No, this is not based on your credit rating.
No, not perfect health. Ratings for approval range from sub-standard to Elite (5 categories in between). If you are declined for any reason, we can establish the account for you with a healthy spouse, child or grandchild to still allow you to take advantage of establishing a LiquidIUL.com account
One thing you will absolutely need is steady, uninterrupted income to support your policy.
Our carrier has been in business for more than 125 years, has A+ rating with A.M Best and assets exceed 1 $Trillion.
When you first establish your account, your agent will help you design an account that can accommodate as much as you would like to deposit. Once your limit has been established, then you will have an annual limitation in order to satisfy Federal guidelines to maintain your tax-free status.
You may qualify for more than one account, however the most ideal way to accommodate your needs is to design one for you that will house all of the funds you plan to deposit.
You are able to establish accounts for children and grandchildren of any age. The amount of growth over a lifetime is incredible. You can also create one for a young child and later turn it over to them as a legacy account. Adults up to the age of 70 may apply.
It is common to use an IUL to create and transfer generational wealth. After you die, the money then transfers to your heirs free from courts and is completely tax-free.