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URL:  http://boards.fool.com/and-the-gains-are-tax-free-there-is-no-gain-30610035.aspx

Subject:  Re: 7702 Private Plans (indexed universal life) Date:  3/27/2013  7:05 PM
Author:  Dwdonhoff Number:  71517 of 80427

And the gains are tax free!
There is no gain anywhere that is "tax-free". Not if you are a US citizen. The IRS isn't in the business of letting people make money without taking a cut of it. Don't confuse "tax free" with "tax deferred".

Uh, Ray... ever heard of the newfangled IRS code regarding "ROTH" accounts?
Yeah... 'tax free'...

Oh... and when you have time on your hands, you can look up the IRS code referenced in this very thread subject title... it will give you a clue about how you can grow money tax free. Even as a U.S. citizen.

That's like the gullible people who fall for the bit about dividends from a whole-life policy being tax free. What they actually are is not dividends but return of excess overpayment -- so says the IRS, which is why they don't get taxed.
Excellent point... but irrelevant.

IUL's are indexed to the raw value of the index, EXCLUDING dividends. People