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|Subject: Let's talk Equity Indexed Universal Life||Date: 9/28/2013 1:09 PM|
|Author: KBecks||Number: 17810 of 18039|
Hi Insurance Board Friends,
I have been listening to the advice of a real estate investor who recommends Equity Indexed Universal Life. I would like to learn more about these products.
Here's how I understand some of the benefits:
--Returns are linked to the S*P 500 but there is a cap on max return
--There is also a guarantee, if the S&P goes negative, you do not, your value does not decrease
--The money is tax-free for withdrawals in retirement
--You can take a loan, and you don't have to pay the loan back.
Here's also what I am thinking
-- I would want to fund a ROTH IRA first -- you withdraw from ROTH tax free
--after that the EIUL might be good.
--or you could invest in a taxable account.
The downside to EIUL sounds like the payments are high and you have to make payments consistently, there may not be much flexibility.
Here are some articles:
The main benefit of EIUL sounds like the tax advantage.
Any comments? I would appreciate knowing more about how much these policies cost. I am also starting to learn about SOLO 401k
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