So you follow all the TAMRA rules and fund your IUL exactly at the Max in 4 years in 1 day, how soon can you withdraw tax free money? Is there a minimum amount of time of maturity?
No minimum time. You can begin accessing when you need/want money. Just like any other financial instrument, the longer you allow it to build and grow, the more you will be able to access.
Helllo Sir .. I'm Interested in getting a Max Fund IUL for my business and Another personal.. Do you know someone in Nevada that you can refer That's Honest and Trustworthy.. Please Help 😊
I’m new to the industry and I’m currently using WinFlex software. No one in my upline is able to discuss max funded IULs with me. They keep steering me towards final expense and mortgage protection. But I really want to learn how to properly design max funded policies? What software do you recommend?
Doug, what if you don’t have 500k right now or maybe never will. Should someone with less means look elsewhere or is there a benefit to invest in the Laserfund?
You can certainly still look at a Laser Fund. You can start one with as little as $500 per month. Talk to a specialist to make sure, but you do not have to have lump sums, but if you do, then all the better.
The truth seeker, you can pick your premium. One you can afford and still have it structured to be max funded. I have done many for situations like yours. SjfrancoSMD@gmail.com is my email if you would like some help
As you are building up your 5 year maximum fund account during those 5 years, are you building interest? or is it after the 5th year you can start earning 8-11% interest a year? Thanks
Yes it builds interest as long as it structured properly and linked to the S&P 500 it builds interest every year and if the market does bad one year and you have it at 0% floor you will not lose any money
Great question. You may want to schedule some time with an IUL specialist who can answer more of your questions and even run some examples for you: 3dimensionalwealth.com/getstarted/
At 13:20 when you explained in the event i want to access my money early when complying with tamra. When i go to access it before complying with tamra, will that be taxed?
@@missedfortune Ok preciate it i watch this channel close to everyday its very helpful, as a last question. Lets say your policy is in force and the insurer stops offering the indexed loans or what ive seen you call it the smart way to access it. if they stop offering those is there another strategy to offset that or we’ll just have to resort to withdrawals? Im asking becase when setting up mine that i noticed that in writing they could stop offering those at any point and instantly thought of your video and curious if you had a backup plan for that 👀?
Okay so recently a client of mines had $1M to put into an IUL. I went to one of the companies I work with and they drew up a plan that I ended up tweaking a little. But they illustrated putting that $1M into a premium deposit fund and from there the PDF funds the IUL for 4 years. So now I’m wondering, is that a problem that it’s less than 5 years like you said?
I sounds like you still have room to add more money in the policy to "fully" maximum fund it. Find the GSP (Guideline Single Premium) of the policy. Subtract that from the total premiums being paid and the difference is what you can still put into the policy to truly maximum fund it.
Thank you so much! So with the interest rate the PDF illustrated, the $1M turns into $1,014,976 which will be put into the IUL over the 4 years. The GSP is $1,144,531 and that left us with $129,555.60! I’m going to redo the illustration right now showing it max funded! And for future reference, to figure out how to max fund a policy, what are the correct steps to take? Thank you so much this has been very valuable! I’ve been binge watching your videos and just ordered your book!👍
You said you can max fund the iul life policy in a spread over 5 yrs min based on the max guideline per year and my age. Then after that, can i dump in more after the 5 yrs with no limit, since I passed the 5 yr test for IUL? I just learned from you that the 7 yr test applies to a whole life only. Very cool.
