Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Seven Crucial Components of a Well Designed I.U.L. (Indexed Universal Life)
    Seven Crucial Components of a Well Designed I.U.L. (Indexed Universal Life)
    Seven Crucial Components of a Well Designed I.U.L. (Indexed Universal Life)
    Ebook27 pages23 minutes

    Seven Crucial Components of a Well Designed I.U.L. (Indexed Universal Life)

    By Allen Sanders

    ()

    Read preview

    About this ebook

    Is it really possible to enjoy a tax free retirement? The answer is yes - when you utilize the Indexed Universal Life vehicle. The most crucial components to consider when designing an I.U.L. program with your professional advisor include exploring Indexing Options, Cap Rates, Minimum Rates, Living Benefit Riders and the difference between death benefit Option A and B.

    The most crucial components to consider when designing an I.U.L. program are more easily framed as questions. Here are the 7 questions an I.U.L. owner needs to consider when creating this contract: 

    1. How do I get the maximum tax benefits without exceeding IRS guidelines? 
    2. How do I pick the correct Indexing Option?
    3. Which Indexes are available and why should I choose one over the other? 
    4. What are the Cap Rates and how are they calculated?
    5. What is the Minimum Guaranteed Rate? 
    6. Does the policy have Living Benefit Riders automatically built into the plan? 
    7. What are the differences between death benefit Option A and death benefit Option B?

    LanguageEnglish
    PublisherAllen Sanders
    Release dateMar 17, 2015
    ISBN9781507010600
    Seven Crucial Components of a Well Designed I.U.L. (Indexed Universal Life)

    Related to Seven Crucial Components of a Well Designed I.U.L. (Indexed Universal Life)

    Related ebooks

    Personal Finance For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Is Your 401(k) or IRA a Sleeping Tax Bear?

      May 7, 2019

      Plenty of retirements these days are built in large part by stashing away money week by week into tax-deferred accounts, such as traditional IRAs or 401(k)s, among other options. And certainly, such accounts can provide a wonderful feeling of confid

      4 min read

    • Article

      Pay Now or Pay Later: Reducing Taxes Should Be a Retirement Priority

      Oct 1, 2019

      Do you have a plan to help reduce income taxes in retirement? That's become one of my top questions for the pre-retirees who attend my financial planning classes or come to my office for help. If they have to think about it, it means they likely do

      3 min read

    • Article

      Whole Life Insurance: It's a Swiss Army Knife for Financial Planning

      May 1, 2020

      The stock market may be jittery right now, but my whole life cash value continues to chug along. In my 20 years of providing financial advice, I have found whole life insurance to be one of the most important, yet overlooked financial planning tools

      6 min read

    • Article

      Why I Love My Whole Life Insurance Policy

      Aug 2, 2018

      At any given family or social event, once someone knows I am a financial planner I always get pulled to the side to answer some burning personal finance question. I can sympathize with doctors. I usually get asked about the market or some stock, but

      3 min read

    • Article

      Gifts to Minors: LLCs Can Protect Them from Creditors and Predators

      Aug 11, 2020

      Uniform Gifts to Minor Accounts are very popular for parents and other relatives when establishing financial accounts for minor children. They are a means of making a “controllable” gift to a minor, but they come with some caveats that anyone conside

      3 min read

    • Article

      How To Use A Self-Directed IRA To Invest In Real Estate

      Sep 20, 2018

      A self-directed IRA is a type of retirement account legally structured like a traditional or Roth IRA. Though the same annual contribution limits and potential tax advantages apply, self-directed IRAs allow individuals to utilize what is referred to

      3 min read

    • Article

      The (Only) 3 Reasons You Should Have an Irrevocable Trust

      Jul 27, 2020

      Despite what you may have heard, you probably do not need (or want) an irrevocable trust. When you create an irrevocable trust you are creating a document you cannot change easily, and the property you transfer to the trust is no longer in your contr

      5 min read

    • Article

      When 'Rules of Thumb' for Life Insurance Aren't Appropriate

      May 2, 2018

      Ughhhh. Life insurance isn't exactly a fun topic to talk about, is it? Yet, it is essential coverage for many families who want to protect the future earnings of one or both spouses. There used to be a rule of thumb among insurance agents that yo

      4 min read

    • Article

      Nontraditional Options Let IRA Investors Crank Up the Risk

      Sep 30, 2021

      Most retirement savers are determined to keep their investments simple. They stash most of their savings in low-cost index funds or in target-date funds, which are portfolios of diversified funds that become more conservative as you approach retireme

      7 min read

    • Article

      A Tax Guide for Investors

      Mar 7, 2019

      For most people, tax time is about as much fun as taking a bath with an electric eel, and taxes on your investments can be particularly confusing and irksome. Nevertheless, if you make wise use of capital losses and gains, you may find that you owe l

      7 min read

    • Article

      Entrepreneurs Pay Too Much in Taxes Because They Don't Do This

      Mar 29, 2019

      As we head deeper into tax season, we're starting to hear from more and more Americans experiencing sticker shock as they file their returns. Gone is the comforting and often sizable refund check they've come to expect every year. Instead, they're fi

      2 min read

    • Article

      Trapped by Capital Gains? Opportunity Zone Funds Provide a Way Out

      Nov 29, 2019

      It's tough to think of a highly appreciated asset as the problem child in a portfolio. The goal is to choose investments that will flourish, after all. And those strong performers are typically the ones you love best and hold onto the longest. But t

      2 min read

    • Article

      The Magic Of Equity

      Jul 1, 2020

      The Magic Of Equity
      8 min read

    • Article

      7 Ways to Utilize Your Life Insurance Policy’s Cash Value

      Apr 23, 2021

      Permanent life insurance policies—like universal, variable and whole life—offer more than a death benefit. Some include cash value, which is a pool of money you can use while still alive.  If you’ve had a policy for years, the cash value could be con

      1 min read

    • Article

      Estate Planning Is More Important Than You Think

      Apr 6, 2020

      An estate plan is a necessary tool that allows you to protect, maintain and manage your property if you become ill or pass away. But more than that, it can also help people make sure their minor children are protected in the event of an emergency or

      4 min read

    • Article

      Busting Trust Myths

      Sep 3, 2020

      “Trust busting” is the term often used to describe instances where a court finds in favour of a claimant trying to access trust assets. Here, though, I do not want to talk about “trust busting”. Instead I want to bust some trust myths. There has been

      2 min read

    • Article

      How to Create Your Own Pension

      Aug 30, 2018

      Those who don't have a traditional pension -- and that includes most of us -- are frequently envious of those who do. What could be better than a guaranteed paycheck that lasts as long as you live and is unaffected by the vicissitudes of the stock ma

      4 min read

    • Article

      15 Best Foreclosure Sites for Finding Properties

      Jan 6, 2021

      You may remember that foreclosures were a big part of the Great Recession. As the economy cratered, foreclosure filings soared. In the first half of 2010 alone, 1.65 million U.S. homes spun into foreclosure, according to data from ATTOM Data Solution

      3 min read

    • Article

      No Children? Why You Still Need an Estate Plan

      Feb 11, 2019

      Estate planning is an extremely personal process, not a one-size-fits-all endeavor. When an individual has no close relatives (other than perhaps a spouse), the decisions required to prepare an estate plan can sometimes feel overwhelming. Over the

      3 min read

    Related categories

    Reviews for Seven Crucial Components of a Well Designed I.U.L. (Indexed Universal Life)

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Seven Crucial Components of a Well Designed I.U.L. (Indexed Universal Life) - Allen Sanders

      Seven Crucial Components

      Of A Well Designed I.U.L.

      By

      Allen Sanders

      Financial Strategist

      Copyright © 2016 by Allen Sanders

      All rights reserved.

      ASIN: B00SKJCG2I

      Title: Seven Crucial Components Of A Well Designed I.U.L.

      Original and modified cover art by Kasia and CoverDesignStudio.com.

      CHAPTER ONE

      A Few Stories

      Before we launch into the details of designing an I.U.L. contract, I'm going to first share a few stories about clients I have personally helped to set up one or more I.U.L. contracts. These clients have widely varied reasons for utilizing these amazing programs, and you’ll probably identify with at least one of these scenarios. The design elements and technical know-how are important, but these contracts are not just financial technology items: they perform for people. Those end result goals are the main reasons for opening an I.U.L. contract.

      Here are a few key examples of how my clients used an I.U.L. to meet their specific goals:

      How Do I Create A Tax-Free Inheritance For My Heirs?

      Since the 1970’s Alice had worked hard to accumulate over $200,000 in a non-qualified annuity. The cost basis was only $35,000. Her three heirs were set to inherit the account and split it 3 ways, which would have required them to pay taxes on more than $55,000 each. As her annuity was originally set up, the dollar amounts were growing each year, and were exponentially increasing tax liabilities for her heirs. All the additional income would have been added to the gross income of each heir in each

      Enjoying the preview?
      Page 1 of 1