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Author: KBecks Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 17953  
Subject: Let's talk Equity Indexed Universal Life Date: 9/28/2013 1:09 PM
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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:
http://www.biggerpockets.com/renewsblog/2012/12/20/interest-...

http://www.biggerpockets.com/renewsblog/2012/12/06/why-purch...


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

Thanks!
Karen
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