Have a Friend Selling IUL Insurance?

Do You Have a Friend Selling Indexed Universal Life Insurance?

Indexed Universal Life (IUL) might sound like a tempting way to build wealth, but it’s far from offering great guarantees on your money. In fact, if you’re trying to help a friend who sells IUL policies, you might be better off paying them the commission they’d earn—without buying the policy—and still come out ahead!

At its core, IUL is a hybrid product tied to term insurance, where the cost of insurance increases every year. The lack of stability and rising expenses make it a risky choice for anyone seeking long-term financial security. Instead, Whole Life Insurance offers guarantees that IUL simply can’t match. If you’re interested in index funds, it’s often better to invest directly, avoiding the growth caps and fees that come with IUL policies.

Not sure which option is right for you? We can help. Get a Policy Review* here to assess your current plans and discover a path that aligns with your goals.

Also on this episode, we answer a listener question about Social Security: What might happen in 20 years, and should you be concerned about contributing more? Tune in for expert insights and practical advice.

Key Takeaways:

IUL policies come with increasing costs and limited growth potential, making them a poor choice for guarantees.
Whole Life Insurance provides stable, guaranteed growth and flexibility for your financial future.
Invest in index funds directly to maximize your returns without caps or extra fees.
Social Security may face challenges in the future; staying informed can help you plan better.

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* As of 2023 McFie Family Insurancedoes charge for policy reviews