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Benefits
Cash Value Accumulation
Tax Reduction & Diversification
Tax Reduction & Diversification
When the market goes up, your policy can accumulate cash value based on interest rate changes in an external index of your choice and your chosen crediting methods. With a 0% floor, your policy is guaranteed to never lose due to a downturn in the market. (Policy fees and expenses may reduce cash value.)
Tax Reduction & Diversification
Tax Reduction & Diversification
Tax Reduction & Diversification
Too many Americans fail to comprehend that at retirement, they will likely find themselves in a tax bracket that’s as high as, or higher than it was during their working years. Many will have lost deductions such as mortgage, depreciation, dependents, business write-offs, and IRA/401(k) contributions. Since the money you access from your policy via a loan is tax-free, The Better Bank Account Policy can help minimize your tax liability during retirement by accessing your funds via tax free loans.
Tax-Free Retirement Income
Tax Reduction & Diversification
Death Benefit & Estate Planning
Once your after-tax money is inside your Better Bank Account Policy, your money can grow tax-deferred, you can access it tax-free, and you can transfer it income tax free to your heirs upon your passing. The best way to access money from the cash value is through tax-free loans (loans are specifically designed to comply with IRS guidelines for tax free access). As long as the policy remains in force, no tax will be owed on these loans. Over loan protection riders are available to keep policies from lapsing due to loans.
Death Benefit & Estate Planning
Working Capital & Business Planning
Death Benefit & Estate Planning
The primary reason for anyone to own an Indexed Universal Life policy must be the death benefit. While most people don’t anticipate passing along the income tax-free death benefit to their heirs until later in life, the death benefit can bring critical financial security and opportunities to loved ones at any time—whether that’s in later years, or unexpectedly, in younger years. IUL's, unlike other financial vehicles, also offer an excellent path to transferring wealth income tax-free.
Strategic Rollouts
Working Capital & Business Planning
Working Capital & Business Planning
From penalties on early withdrawals, to penalties for late RMD withdrawals, traditional vehicles have many strings attached. That said, IRAs and 401(k)s may have a worthwhile place in your financial portfolio. Consider strategically rolling out your serious cash into a vehicle that has been around for over 200 years with market rate returns without risk of losses. A better option than your traditional vehicles including Government plans like IRA's and 401k's with less restrictions.
Working Capital & Business Planning
Working Capital & Business Planning
Working Capital & Business Planning
Thousands of savvy professionals use IUL Policies for working capital, because it provides significant advantages over traditional methods, including higher rates of return (average of 7% instead of 0% to 2%), death benefit protection, and liquid access. It can also be used in business planning for “key person insurance” and some forms of buy-sell agreements.
Real Estate and Lump Sums
College Funding, Family, Life
Real Estate and Lump Sums
The downsizing of primary or secondary real estate, and setting aside the after-sale proceeds into a IUL (Better Bank Account) Policy is a popular strategy that may yield more money for retirement. Selling investment property can also bring large dividends. With younger clients, we often recommend acquiring a 30-year mortgage, and then paying the difference in payment between a 15-year mortgage and a 30-year mortgage into a IUL Policy for liquidity and cash value accumulation.
Emergency Fund
College Funding, Family, Life
Real Estate and Lump Sums
There’s not one of us who hasn’t experienced life’s unpredictability. Whether it’s an injury, an illness, a job loss, or a friend or loved one in need, IUL's can be a valuable reservoir, supplying the means to manage unexpected financial challenges.
Most emergency funds pay very little interest due to their ease of access (liquidity). In comparison, IUL's can credit competitive rates of return averaging historically from 6% to 8%, while also being liquid.
College Funding, Family, Life
College Funding, Family, Life
Chronic & Terminal Illness Protection
Many policyholders leverage the cash value in their IUL to fund the family’s worthwhile endeavors, such as education, weddings, humanitarian and religious missions, even big vacations with extended family. IUL's becomes the generator for their family’s Legacy Bank, empowering themselves, their children, and their grandchildren to pursue meaningful experiences.
Chronic & Terminal Illness Protection
Chronic & Terminal Illness Protection
Chronic & Terminal Illness Protection
There are optional (some at no-additional cost) riders that can allow you to access all or part of your death benefit, while living, if you experience a qualifying terminal, chronic, or critical illness, or critical injury. Benefits might be used for, but are not limited to, household expenses, adult day care, home modifications, regular bills, nursing home care, and quality of life expenditures.