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Indexed Universal Life for Dummies Part 7 How much should I pay
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=iHSjrWmsYwA
We're going back to basics. Let's explore the IUL from the ground up. We're calling this series Indexed Universal Life for Dummies. Part 7 is all about how much to pay. • • Book a Time to chat here: • http://leveragedcvli.com/483fNUQ • Send us your question here: • http://leveragedcvli.com/48d1Fs2 • Already have a policy? • Send in your policy to be reviewed here: • https://leveragedcvli.com/43gbd4Y • Key Points: • Addressing Common Questions on Funding: We often encounter queries about the optimal amount to invest in cash value life insurance policies. The answer varies widely, but understanding your funding strategy is key. • Two Main Funding Strategies: We discuss two primary approaches to funding life insurance: funding from income for those typically younger than 50 and asset repositioning for those who are older or have amassed significant assets they wish to diversify. • Rule of Thumb – You Get Out What You Put In: It's crucial to grasp that life insurance is not a miraculous wealth accumulator. The benefits you reap directly correlate with your investment. Additionally, the longer your investment horizon, the more significant your potential returns. • Income-Based Funding: For those allocating part of their income to fund policies, the amount can range from as little as $500 a month to much more, depending on disposable income. This strategy suits individuals still in their earning years, looking to invest their surplus cash flow. • Asset Repositioning Strategy: This method is suited for individuals looking to diversify or reduce risk in their investment portfolio. It involves reallocating a portion of existing assets into a life insurance policy over a set period, such as moving $1 million over five years at $200,000 annually. • Determining Your Contribution: The minimum recommended contribution is $500 monthly, but the specific amount depends on whether the funding comes from income or asset repositioning. For income-based strategies, it hinges on your disposable income. For asset repositioning, it depends on the portion of your portfolio you wish to diversify or de-risk. • Personalization of Funding: Ultimately, the amount you choose to contribute to your cash value life insurance policy should align with your financial goals, whether it's securing additional income for retirement or reallocating assets to mitigate investment risks. • These insights aim to provide clarity on how much to contribute to cash value life insurance, emphasizing the importance of aligning your investment with your financial strategy and objectives.
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