What if you never had to fear losing money ever again? If you went to a casino whose rules allowed you to keep half of all winnings but never lose any money, would you take those odds? Doesn’t even sound like gambling, does it?
Welcome to the new world of retirement planning, folks. We at The Nestegg Repairman have a money-saving model that’s quite possibly the best kept secret in the world of financial planning. We’re talking about Indexed Universal Life.
Say what? Life insurance? Yes, you’ve probably seen the commercials. “You need life insurance in case you have an ‘accident.’ You need life insurance so you can pass some extra change onto your kids. You need life insurance so your partner can afford to find a new spouse when you die.” Maybe that last one is a bit of an exaggeration. The point is that the average Joe or Jane sees life insurance as something for seniors. The old kind of life insurance is. But not the new one.
Indexed Universal Life is an ingenious retirement planning opportunity. Before we salivate over the unbelievable benefits, let’s see how it works. An Indexed Universal Life policy starts out with a standard life insurance policy through any number of providers (The Nestegg Repairman is partnered with several). This policy costs nothing to purchase since it’s based on a month-to-month premium, which The Nestegg Repairman can make sure is affordable for you. Unlike a 401(k) or IRA, you have control over the principal. Need to “borrow” from yourself to pay for Junior’s college tuition? Go right ahead. Tax-free, too. That’s pretty awesome, but that’s not even the best part.
As mentioned at the beginning, you never have to fear lose money again. Ever. Because your life insurance policy is connected directly to the S&P 500 Index (or other Index account), you get to reap the rewards of the market’s rise. If the market goes up one year by 17%, you get to keep a large portion of that (most Indexed Universal Life policies are capped at 14%, FYI). But if the market goes down 10% the next year, you lose nothing–and you get to keep the previous years’ earnings on the principal!
Is any of this making sense? Let’s get a visual perspective on this…
Too good to be true? Nope. We’d love to walk you through the best Indexed Universal Life policy for you and your family. Click here to learn more about our retirement planning services. Ready to jump right in and take advantage of this retirement miracle? Contact us today!
The Nestegg Repairman 