Universal indexed insurance IUL< /u>it is definitely a good product, but in the United States, it can still become a lot of confusion when choosing. SEE THE BENEFITS OF AN IUL HERE< /a>
The uneven quality of companies and employees is one aspect. There is not much public information available for users to learn and refer to. Lack of professional experience and guidance is another aspect. Therefore, how to satisfy your needs, make good use of IUL< /u> and achieving the goal of ensuring high-income, nearly risk-free wealth growth under low liquidity conditions is a daunting task.
“However, I am here to help you.”
From another perspective the products of a Universal Indexed Insurance are "very flexible". This means that customers have a variety of configuration options and methods. There is no uniform standard for insurance policy design. This is completely different from buying things online. You have to understand the basic principles, agreements and options of exponential universal insurance and, at the same time, be very clear about your needs, at this time, when you communicate with professional brokers, you can achieve the final effect of this product.
This process sounds very complicated, is there a simpler experience? Forbes magazine published an interview in which the author consulted Tom Murphy, president of Murphy Financial Group in New York, which specializes in universal insurance based on indices IUL, and taught readers his general rules for purchasing universal insurance based _22200000- 0000-0000-0000-000000000222_in indexes.
The following are the 4 golden rules for investing in indexed universal insurance:
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1: Choose an insurance agent, not an insurance company
When it comes to choosing who to trust, superstition on the Internet can get you in trouble. Everyone on the Internet says a word and anyone can post almost any position or article. Several companies even try to persuade you to make hasty decisions in order to help you buy the cheapest and save money. Instead of telling you the basic knowledge and principles of this product in detail, although it is wonderful, it is not for everyone.
For consumers, the positive side is that they have many options when purchasing products IUL; The bad side is that they will have too many options next.
It is better to find your own insurance agent than to buy all the insurance company's products yourself. Find an agent that specializes in IUL products.
Keep in mind that a professional independent insurance agent is directly related to the quality of your insurance policy.
2: Choose complete benefits Pre-mortem
Pre-mortem benefits have been an important revolution in life insurance for many years. In terms of implementation, pre-mortem benefits are added to your insurance policy as riders (riders), so that you can enjoy the benefits while you are alive. These enhanced benefits allow you to withdraw all or part of your life insurance coverage (death benefit) while you are alive.
The following are the common pre-mortem additional clauses of the IUL insurance policies:
• Terminal illness:
When diagnosed as having a shelf life of only 12-24 months, different insurance companies have different requirements for the end of the payment period, so generally , the longer it is, the friendlier it is for the insured.
• Chronic disease:
• Critical illness:
• Critical injury:
Pre-mortem benefits complete your security protection package and provide an alternative to other special illnesses, injury insurance and long-term care insurance , especially long-term care insurance, which is especially important for families on tight budgets.
3: Check guaranteed income and limited income
Sometimes investing is like a roller coaster. While you seek to maximize returns, you also face maximization risk. If the unfavorable loss situation can be controlled, it will be better.
The universal index insurance policy IULis a solution for these anxious investors sitting on a roller coaster: as they guarantee a minimum rate of return of 0%-3%. This means that no matter where the market goes down, your policy money will be covered by the policy contract.
This means that when the stock market rises sharply, you may want to invest in IUL insurance policies may not earn as much as investing in stocks, but when the market drops sharply, your funds may be protected.
When the index rises, the insurance company cashes in the option and then pays dividends to your policy at the maximum agreed-upon rate of return.
This means that your policy has a limited performance rate ceiling. Different products of the company, Limited rate of return.
Varies from 8% to 18%. An IUL policy limit return of 18% means that if the market return is 20%, your policy can only earn a return of 18% instead of 20%.
If the market reports negative interest rates, then the policy contract will protect your money from losses.
This is the third recommendation. Before purchasing an IUL policy, make sure guaranteed return. Limited rate of return. What is each one? Because in the long run, a small difference in a number means a big difference in cash.
4: The cost of insurance and the cost of underwriting
Although IUL < /u>it is a better channel for investment diversification, it is not suitable for everyone.
For example, it is much more expensive for a 60-year-old to take out insurance than for a 30-year-old. Insurance costs will quickly consume most of the company's capital and income. investment of the insurance policy on better market terms, which will result in only a small portion of the remaining cash value growth.
Subscription is another matter. If you are facing a health problem, you may receive a 'below standard' rating. If you are young and healthy, and there is still a certain amount of asset accumulation at this time, then the IUL insurance policy can be a very good investment portfolio.
Before deciding to buy a policy IULinsurance, there are too many important factors to consider. The 4 previous elements are the experience of buying IUL products.
Discover how much money you can deposit in oneIUL policyand watch your money grow. HERE!
Remember to seek advice from an independent and experienced source of information, they can help you consider all options and situations. At the same time, you must study and fully understand the knowledge that you will be investing in such products for 10, 20 or even lifetimes before you can make good use of IUL and achieve the objective of guaranteeing high returns and almost risk-free wealth.
If something is not clear to you, do not hesitate to contact me!
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