How to Maximize Cash Value In Universal Life Insurance

In part three of our series on maximizing your universal life insurance policty we're going back to Rajiv Rebello's article from Nerds Eye View blog to examine how to increase cash value.

Remember the more you strive to increase your cash value the LESS of a death benefit you'll want. The more the death benefit, the more Net Amount At Risk (NAR) for the insurance company which will lead to higher Cost of Insurance (COI) charges.

For maximizing cash value we want the LOWEST death benefit possible to retain the policy as a life insurance contract, and thus allow the death benefit to transfer tax free to our heirs.

There are very specific strategies you need to incorporate to get this done, which Rajiv goes into in this article which I discuss here .

But remember, a lot of advisors, even insurance agents will NOT be aware or if they are could steer you in the wrong direction due to the commissions generated by going one way instead of the other, so it's prudent for you to seek second opinions.

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[audreyl]

im looking to get IUL national life -- how do i check for structured for maximum cash and minimum Commissions?

[luisahernandezmunoz]

Quick question I have an IUL with National Life Group Life Insurance Company what do you think about than company? Also I am 32 years old and this is my first years and I also got have a term insurance policy and my plan is to use the term insurance in case I have a health problem pay any bills that comes and put the remaining money from the term in the IUL so I can maximize is that a good plan? Give me your opinion about this I will appreciate it thanks.