Buying IUL on Your Kids

To view the 17-page output from our OnPointe IUL comparison software, click here.

To learn more about the IUL comparison software (and how you can get access to it for free), click here.

Thank you for your interest in checking out the numbers of what it might look like if you or your clients buy an IUL policy on your kids.

My daughter is 23 years old and in good health. I illustrated putting $6,000 a year into an IUL for 10-years and I discounted the “default” illustrated rate of the IUL by 15% (so the illustration is very conservative).

From ages 56-85 my daughter could remove $22,656 from the policy tax free each year.

How does that compare to other alternatives?

I compared it to the alternative that might have the best shot at delivering more after-tax retirement cash flow and that’s a ROTH IRA.

From a ROTH IRA, my daughter could remove $11,705 annually tax-free for the same time frame ($10,951 less annually than the IUL)

The OnPointe download has ALL the numbers from the IUL illustration and for using a ROTH IRA. You can verify the math for yourself.

If you’d like to discuss the math of this example or if you would like to talk about using IUL as a wealth building tool for your clients, feel free to email me to setup a time for a call.

Roccy DeFrancesco, JD, CAPP, CMP
Founder, The Wealth Preservation Institute
Co-Founder, The Asset Protection Society