Comment โIULโ below to learn how! ๐ In this client scenario, this is 40 year old male putting away $1,500 per month or $18,000 a year until he is 65 years old. ๐ฐ ๐ He will immediately have a death benefit of $360k which would get paid to his beneficiaries if he passes away along with his cash value. ๐ฆโจ ๐The interest rate is assuming a 6.42%. This interest rate is NOT guaranteed, but is based on what this account has done over the last 20 years. ๐ Assuming the above interest rateโฆ. ๐He will have $9,227 available after 1 year, $27k after 2 years and $87k after 5 years for policy loans or withdrawals. ๐ At the age of 65 he will have accumulated $1,053,929 in retirement ๐ช ๐If he choose to, he can trigger an income stream at 66 (60 at the earliest) of $73k a year that would at that time be guaranteed for life ๐ธ ๐If he lives for at least 25 years after retirement, this will pay him $1.8M of income ($73k for 25 years) ๐If he passes away prematurely, the remainder of the cash value and death benefit will pay out to his beneficiaries. If his original account is depleted, the insurance company will continue to pay that $73k until he passes away. ๐Throughout his life, he can take a loan against the cash value. This is a loan from the life insurance company so his account value isnโt affected. He can pay these loans back whenever he wants and continue leveraging tax free loans for investment purposes like buying real estate, etc. If he never pays these back, they will pull it out of her death benefit when he passes away. ๐ DISCLAIMER: You must be able to qualify medically to get an IUL. This is a life insurance policy๐ธ Comment โIULโ below to begin!
#Investments #Banks #LifeInsurance #Roth #FinancialFreedom #GenerationalWealth #Legacy #Annuity #IRA #401k #IUL #CDs #Savings #InterestRates #Inflation #BeYourOwnBank #InfiniteBanking #RothIRA