Indexed Universal Life (IUL) Premium Life™
Start Building Your Retirement Income Early With an IUL Policy
Incorporating an IUL policy into a retirement income strategy can bring especially appealing benefits to those who are still 15 to 20+ years out from retirement. If you’re in your 40’s and looking to kickstart your retirement planning, an IUL policy can provide an opportunity to create a tax-free retirement income that’s protected against downside market risk. In addition, the encapsulated life insurance policy can help protect loved ones against the financial burdens of an unexpected death.
Discover PremiumLife™ with The Future Years
We offer PremiumLife™, a high-value IUL policy designed to accumulate cash value through interest credits based on the performance of a stock market index.
Traditionally, the closer to retirement one gets, the more conservative their risk profile becomes. But with our PremiumLife™ IUL, your policy’s cash value will not decline due to market downturn thanks to its guaranteed minimum interest credit of at least 0% (backed by the claims-paying ability of the insurance company). Your money is not invested directly in the stock market. Instead, interest is credited to the policy’s cash value based on the performance of an index, such as the S&P 500.
This is an optimal choice for those looking to secure income throughout retirement because you are not buying actual stocks in the indexes. Instead, you’re buying the right to participate in market gains while avoiding participation in the losses. While policy charges can still reduce cash value, our team will be sure to help you understand the ins and outs of this income option.
Tax Benefits of PremiumLife™
Choosing to invest in your future income with PremiumLife™ comes with important tax benefits. These include:
- Estate tax-free death benefits
- Possibility of accumulating tax-deferred cash value
- Income tax-free policy loans or tax-free withdrawals
Because any loans and withdrawals made can affect certain aspects of your policy, our retirement income experts will help you optimize your PremiumLife™ strategy.
While most retirement strategies (such as 401(k)s) are tax-deferred, developing a sound PremiumLife™ plan with a retirement professional can create tax-free retirement income, mortgage protection or help with other important expenses.