Unpacking Policy Expenses in Indexed Universal Life Insurance – LIFE Pod Ep 48
Rewrite In this episode, we discuss the various expenses and fees associated with Indexed Universal Life (IUL) insurance policies. We meticulously examine several types of charges, including the Cost of Insurance (COI), which is based on Annual Renewable Term and the net amount at risk, and the premium load, a one-time fee to put money into the policy. Other essential expenses covered are the minor administrative expenses, potential asset charges levied by some carriers based on cash value, and various rider charges (like those for long-term care or enhanced liquidity), which can significantly impact a policy’s performance. Finally, the discussion highlights the expense charge, which covers agent commissions and underwriting costs and is spread out over several years, and they briefly mention the loan interest charge associated with borrowing against the policy’s cash value.
🎙️ Welcome to the Life Insurance Financial Education Podcast (LIFE Pod)!
As experts in High Cash Value Life Insurance, we are committed to sharing our insights and experiences with you. All of us at LIFE Podcast invite you to join us on this journey of learning and exploration into the world of life insurance and beyond. We look forward to sharing valuable knowledge that can empower you on your financial journey.
At LIFE Pod, we explore how high cash value life insurance can be a cornerstone for building wealth and achieving financial freedom. Our discussions focus on utilizing whole life insurance and indexed universal life insurance (IUL) to maximize cash value during the accumulation phase and strategically using these policies as a place to store your wealth and use like a line of credit to help meet your banking & investment needs throughout your life.
Our ultimate goal? To help you build a sustainable wealth strategy that creates generational wealth for you and your family.
📚 What you’ll learn on this podcast
The fundamentals of how cash value life insurance works.
Strategies for capitalizing your life insurance policies to grow wealth.
How to use your policy as a source of funding for asset-building investments.
Tips for creating a legacy of generational wealth.
💡 Whether you’re new to life insurance or looking for advanced strategies, LIFE Pod offers the education and tools you need to succeed.
💬 Connect With Your Hosts
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Jing: https://www.skool.com/tax-exempt-millionaire-club
Carlo: https://netwealthfinance.com
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Disclaimer: All content presented on this channel is intended solely for informational purposes. While we strive to provide accurate and up-to-date information, the content shared here should not be considered a substitute for professional consultation. The views and opinions expressed in our videos are those of the individuals appearing on The LIFE Podcast, unless otherwise specified. We believe that the data and information we provide are sourced from reputable and reliable channels; however, we make no guarantees regarding the accuracy, reliability, or completeness of information from external parties. As such, we encourage our listeners/viewers to conduct their own research and seek professional advice tailored to their specific circumstances. Before making any financial decisions, it is essential to discuss your situation in detail with qualified professionals, such as your Financial Adviser, Financial Planner, Tax Consultant, Attorney, or Investment Adviser. Your unique financial situation warrants personalized guidance, and we advocate for informed decision-making. Thank you for engaging with our content, and we hope you find our videos helpful in your financial journey. and make it seo optimized
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