ZERO RISK ADVANTAGE!
No Maximum Annual Contribution Limits
Although you may invest in a qualified retirement plan through your business, these savings vehicles will typically have annual maximum contribution limits. Unfortunately, this can hold you back from accumulating additional funds you may want or need in the future. An IUL policy, however, is not subject to these contribution limits, which means that you can continue funding your IUL policy, even if you have already “maxed out” your other retirement savings options.
TAX-FREE FUNDS FOR BUSINESS PURCHASES
You can also borrow your IUL cash value for purchasing items and/or equipment for your business. Doing so may be able to help you secure more favorable access to money vs. high-Interest forms of borrowing to obtain the things your company needs, as well as for expanding your business over time.
CONTINUATION OF THE BUSINESS
In many cases, the death of a business owner or key company executive could signify the end of the business altogether if there is not some succession plan in place. An IUL policy could be an ideal vehicle for funding a business buy-sell agreement. With a buy-sell agreement, remaining partners or key individuals can use the funds from the IUL policy to purchase the insured’s portion of the company; essentially keeping the business running in the interim. Depending on your business, there are several different ways in which a buy-sell agreement can be set up.
ZERO MARKET RISK
Due to IUL policy cash values having a “floor,” there is no downside risk to your principal in these plans; even if the underlying index that is being tracked suffers a substantial loss or experiences a high rate of volatility. This means that you can count on having your principal protected for the short and the long term.
EXPONENTIAL TAX-DEFERRED GROWTH
Because an IUL policy allows the tax-deferred growth of cash value, your funds can grow and compound exponentially over time.
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