Episode 307: Eight IUL Deal-breakers You Should Watch Out For

This episode is part of David McKnight’s interview with Mark Byelich, founder and owner of Attleboro Wealth Management. David and Mark discuss why the money inside a Life Insurance Retirement Plan (LIRP) "bucket" is treated differently for tax purposes and benefits from low fees. When it comes to life insurance, David recommends "having as little of it as the IRS requires, and stuffing as much money into it as the IRS allows." Remember: not all Indexed Universal Life (IUL) policies are created equal. Starting an IUL is like getting married – it only works if it’s 'til death do you part. Mark and David touch on the so-called IUL deal-breakers. David is firm in his view: for LIRPs and IULs, you must ensure a 0% loan is guaranteed in the contract. David also shares one of the biggest reasons his clients tend to favor an IUL. Mark Byelich highlights a significant risk that he and his team monitor closely. David and Mark discuss participating and variable loans, as well as interest in arrea...