“The only necessary cost is the one we need to improve ourself”
- Alijah Wood

Let's Be Transparent IUL Costs [you may be surprised]

Disclaimer:

First, I will explain how the cost structure works.

Then, I will explain how you may take advantage of it.

This will be an non-boring explanation of costs! 👊

1. At the start of your policy

WHAT DOES THIS MEAN???
The insurance company will charge you for the amount of money you are at risk for.

Therefore, at the start of the policy, when it is the least filled up, your cost of insurance rate (COI) is at its highest point.

2. When You Fill Your Policy

THE TABLES HAVE TURNED!

Once you fill your policy up, the insurance company has no risk to charge you for. This is because you have now effectively self-insured.

Caveat: Until you are 95 years old, the insurance company has to keep increasing your death benefit to keep up with your cash value to always keep the death benefit 5 percentage points above your cash value.

Thus, until you reach age 95, your costs are 1/20th the rate of what they were at the beginning.

-- SO THE GAME IS FILLING UP YOUR POLICY AS QUICKLY AS POSSIBLE --

The easiest way to do this is by simply transferring your money from one location (IRA/401(K)/Bank/etc.) into the IUL. That way you can design your death benefit to be as close to the cash you are transferring in as possible.

3. How Quick Can You Fill Up A Policy?

The answer to this question varies by age. The younger you are, the quicker you can fill your policy up.

Thus, at the low part of the spectrum, you can fill your policy up in 2 years. At the highest part of the spectrum, it will take you 5 years to fill the policy up.

For Additional Questions:

• Contact us or watch this YouTube video!