Stability, Growth, Protection - IUL
Having a safe and accessible stash of cash is crucial, especially as you're heading towards retirement.
If you're a real estate investor, a business owner, or even a W-2 employee, it's likely that you have more cash on hand than what you've invested in the stock market. It's generally recommended that you keep around 6-12 months' worth of expenses in cash. But what if there was a better way to handle your safe and liquid reserves?
Imagine if you could use an Indexed Universal Life (IUL) policy to store your safe and liquid reserves. Instead of keeping a large amount of cash in your checking account for everyday expenses, you could have your longer-term reserves growing safely inside an IUL.
Did you know that major banks in America invest billions of dollars of their customers' deposits in life insurance policies, especially those taken out on their key executives? They wouldn't be doing this if life insurance policies, when structured properly, were unsafe or illiquid. So, they're showing us that actions speak louder than words.
These banks understand that correctly structured life insurance is a way to keep money both liquid and growing at favorable rates without worrying about taxes or market risk. Although IUL isn't guaranteed by the FDIC, it can make your liquid assets work much harder for you. That's because life insurance companies are held to much higher financial standards when it comes to solvency and liquidity compared to fractional reserve banks.
Being able to access your money when you need it can have a significant positive impact on your retirement savings. Just think about how much more you could grow your retirement nest egg if all your assets, even your safe and liquid cash, were working for you all the time. This way, you'd be well-prepared to make the most of the retirement benefits offered by an IUL without missing out on opportunities along the way.
In a nutshell, an IUL can help you maintain liquidity while ensuring your money grows at favorable rates. If you want to explore this strategy further and maximize your retirement savings, feel free to reach out to us. We're here to help you make the most of your financial future.