If you’re hoping to pass a large asset intact to an inheritor, UL makes sense

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Jan 9, 2025
6:20:57pm

BYU'01 All-American

If you’re hoping to pass a large asset intact to an inheritor, UL makes sense

If we adopted more sensible inheritance tax policy the value of UL in those specific cases goes away.

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BYU'01

Bio page: BYU'01
Joined: Jan 18, 2003
Last login: Jan 9, 2025
Total posts: 8,867 (145 FO)

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Messages

Author

Time

Anyone use an IUL over straight term life insurance?

Jan 9, 3:16pm

Yes. People who were sold dumb IUL policies by commission-hungry sales folks.

eoscougar

Jan 9, 3:20pm

I have an IUL plan. It is not a great investment- I would have been better off investment

scall

Jan 9, 3:21pm

Get a term life policy and then put the difference in an index fund and you’ll

Powerbait DPM

Jan 9, 3:23pm

#1 rule of life insurance: It is primarily life insurance. Life insurance is not worthless.

Indy Coug

Jan 9, 4:34pm

I wouldn't be surprised if a large majority of people who get permanent

benny1982

Jan 9, 5:02pm

If they are structured and funded properly, they can be very good instruments.

cooger

Jan 9, 3:27pm

👆🏼 A appropriate tool in certain estate planning scenarios; ≠ avg American

BYU'01

Jan 9, 3:32pm

How about comparing an IUL to just buying the index. You can get those same things

RdF3

Jan 9, 3:36pm

And when you die, the death benefit is tax free

Indy Coug

Jan 9, 4:19pm

👆🏼’Estate planning’: loophole to stupid tax law. Fix death tax & UL goes away

BYU'01

Jan 9, 6:12pm

I have a whole life policy. Some people tell me I’m wrong but I like it.

Senora Featherbottom

Jan 9, 3:29pm

I have a whole life policy b/c I was suckered into it by an insurance salesman.

benny1982

Jan 9, 3:33pm

I'm saying this gently, but the reason you have a whole life policy is because

Jan 9, 4:40pm

The general rule of thumb is — the more policy features which are guaranteed for life will cost the

Indy Coug

Jan 9, 4:42pm

WL policy might make sense if you are making a lot, plan to work until you're 70

OPINIONS

Jan 9, 4:50pm

Yes,if it’s done right and the right company it can be amazing.

barebones

Jan 9, 3:34pm

^whole life saleman

Powerbait DPM

Jan 9, 3:36pm

Whole life is different than IUL

cooger

Jan 9, 3:48pm

Ok. ^IUL salesman

Powerbait DPM

Jan 9, 3:50pm

Haha 😆

cooger

Jan 9, 3:58pm

True. It's not quite as bad long term for the consumer.

Jan 9, 4:50pm

Okay let's talk about facts. Please factually show me an actual real policy verses it's illustration 10+ years into it

RdF3

Jan 9, 3:38pm

IUL illustrations are based on historical returns and are footnoted up the wazoo to indicate

Indy Coug

Jan 9, 4:13pm

Agents sell them like they are though.

RdF3

Jan 9, 4:32pm

IUL illustrations are heavily regulated by the states to limit what can be shown

Indy Coug

Jan 9, 4:36pm

Amazing that they commission so well, even with similar

Jan 9, 4:49pm

I've been happy w my whole life policies

Sam's Dad

Jan 9, 3:50pm

What kind of insurance is right for you depends on a lot of factors

Indy Coug

Jan 9, 4:15pm

Sorry, but this is incorrect. A VUL or an IUL is never, never

Jan 9, 4:43pm

If you’re hoping to pass a large asset intact to an inheritor, UL makes sense

BYU'01

Jan 9, 6:20pm

This ⬆️

cooger

Jan 9, 6:40pm

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