How Can I Withdraw Money From My Indexed Universal Life (IUL) Insurance Policy?

Описание: In this video, I address a common question about Indexed Universal Life (IUL) insurance: how to access the money in your policy. While it's tempting to withdraw funds like you would from a bank, there are often smarter ways to do so. I explain that direct withdrawals are tax-free up to the amount you contributed, but any gains are given "tax-deferred" treatment. A usually more efficient method is through policy loans, which allow you to borrow against your policy's value without tax consequences. I cover two types of loans: fixed loans and variable loans, highlighting their benefits and risks. Next video, I will discuss the ideal client for an IUL. Be sure to subscribe so you don't miss out!

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0:00 - IUL is NOT a Bank
0:30 - Withdrawals in IUL are TAXED
1:14 - Policy Loans in IUL

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'The Great Sea' by Scott Buckley - released under CC-BY 4.0. www.scottbuckley.com.au

The content in this video is accurate as of the filming date. Some of the offers/details mentioned may no longer be current. This is not investment advice.

FULL DISCLOSURE
I make these videos not only to educate but to help promote my practice as a professional. I hope to build trust with viewers through the videos. I understand openly stating I am Catholic can be seen as a strategy to do that. I view it as building towards working with my ideal audience, people who share my Faith.