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URL:  http://boards.fool.com/iuls-can-lapse-and-the-insurer-can-fail-thats-29800536.aspx

Subject:  Re: How to make your own annuity on the cheap Date:  1/24/2012  2:43 PM
Author:  PSUEngineer Number:  70001 of 75614

IULs can lapse and the insurer can fail.

That's why I hate hearing advisor calling it tax-free. It's tax-free as long as you keep the product until death without it ever lapsing. If you let it lapse, those policy loans become taxable.
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