What Is An IUL (Indexed Universal Life) | What Does It Mean To “Max-Fund” An IUL?

A properly structured max-funded IUL policy helps you accumulate and access your money totally income tax-free. But what is an IUL policy? In this episode, I will help you understand the meaning of IUL and what it means to max-fund it.

Get Your FREE Copy of The LASER Fund Today!

To your abundance!
Doug Andrew

Key Moments In This Episode
========================
00:00 Intro & Summary
01:29 When Did IUL Policy Began
02:05 What With Mutual Funds
03:02 What Is In The Internal Revenue Code Sections
04:25 What Is Indexed Universal Life
05:16 How Does Index Universal Life Insurance Work
06:00 How Indexed Universal Life Insurance Is Structured
07:18 What Will Happen If You Violate The Definitions Of The Codes
08:00 What Is TEFRA And DEFRA In Simple Terms
08:24 What Is Good About TEFRA And DEFRA
09:05 What Is The Cost Of Insurance If Done Right
10:28 What Is TAMRA
10:58 What Does It Mean To Use IUL
11:20 What You Can Do To Earn Higher
12:30 How 1% Difference Is Money
13:36 How Money Works In Indexed Universal Life To Comply With TAMRA
14:26 What Terms Do IUL Professionals Are Using
15:24 What Do You Do By Complying With TAMRA In An IUL Policy
15:55 How To Learn More

What To Watch Next
========================
Who Is The Ideal Candidate For A Max Funded IUL Policy?

Did you love this video?
Want to learn more wealth and life empowerment lessons from Doug?
Here are some next steps!
========================

Ready to speak with a Specialist? Book a free Quick Consult here:

Want to Learn More? Register For An Upcoming Event:

Claim Your Free Copy of The LASER Fund Book
Learn How to Diversify and Create the Foundation for a Tax-Free Retirement

Are you a Financial Professional? Register for the upcoming training:

How to Lead Your Family/Business from “ME” to “WE”

Visit Doug Andrew’s websites:

Music
========================
Song: LiQWYD - Glow (Vlog No Copyright Music)
Music provided by Vlog No Copyright Music

========================
Nate Woodbury - YouTube Producer

#RetirementFund
#TaxFreeRetirement
#LASERFund

[earlharden]

Thank you so much. This was powerful. You inspire to find my policies faster and to build my insurance business much larger. I'm a huge fan of your channel and books.

[edrianshavers]

This is so informative and never heard of IUL. This needs to be taught in school for our future young people.

[husa]

Greath video.
I would like to get your book but I'm Canadian, there some variation between US and Canada. Do you recommend someone or a book that is like yours but focus more for Canadian? Thanks

[BW-kvwj]

If I roll my Inherited IRA into an IUL, do I have to pay taxes on the rollover before it’s invested into the IUL? I must take Required Annual Distributions which are taxed. Once rolled over into an IUL, do I no longer have to worry about taking annual distributions???

[momosfield]

Question: I am learning from this (or many other of your videos) now, in 2024: this video or other videos are up to date? or do we need to do our further learnings due to the changes in laws ? Thank you !

[thenynick]

What about the increasing costs of insurance in a clients older years.? If you couple that with income distributions, no premiums and down market conditions in retirement years you’re going to have issues. Policies will implode and there will be an IUL bubble like the UL bubble. The best is still a whole life policy from a fully participating whole life company. It’s not sexy, but it has guarantees and you won’t have angry clients wondering where their money went later on. As a wholesaler in this business, I don’t work for any insurance carrier but an IMO, I see well over 50% percent of these policies designed completely wrong. Most advisors and agents have no idea what they’re selling. Insurance can be the greatest piece of your portfolio, if used properly.

[sandykim]

Can a business owner set up an IUL for his employees?

[scambuster]

i'm uninsurable, can i still get an iul?

[-RJN]

But they keep your cash value at death.