Providing value is something we take very seriously. if you don’t like who you’re working with, you probably won’t get very far. Establishing trust and understanding that value must be presented in order for anyone to be successful in a relationship, we try to help you see just exactly what your current life insurance policies are doing for you. You’ll find any life insurance salseman will tell you what carrier you should go with, and you can bet they work for that company.
Some insurance agents will even switch teams of sorts, and they’ll come back and let you know their new team is better than their old. This is probably true. Policies change and so do the brands associated with them. When you work with MBK & Associates, you can trust we look through all vendors and match plans that are custom tailored to you, not the other way around.
Overfunded Life Insurance Is Growing in Popularity.
And rightfully so. There are countless benefits to examining you existing life insurance policies. Things change. No matter how long you’ve had life insurance, you can probably shift gears without much change to your bottom line. You can certainly take advantage of your situation if you play your cards right.
Here are 3 reasons why you you should look at overfunded life insurance for 2021.
Tax-Safe Account Growth
When you look at a permanent life insurance like IUL, VUL, or WL, they grow tax-free. This allows you to build up larger amounts of funds in said accounts for long terms savings goals than other taxable traditional accounts.
Flexible Investment Options
Index Universal Life policies enable you to move your cash value into subaccounts that can be linked to stock market growth (but not loss) like the S&P or NASDAQ. You can also choose a more conservative fixed interest rate option, while Variable Universal Life (VUL) offers subaccounts that invest directly in a variety of stocks and other securities.
Market Downside Protection
One of the big benefits of an Index Universal Life policy are that since the funds aren’t directly thrust into the market, but into subaccounts which mirror the movement of the market index. This protects you from loss if the market declines in an IUL. The floor is set. VUL doesn’t provide the same downside protection if the market declines, but can provide a greater potential upside.
Whether you want to just take a look at what you got, or you want to move your money to a better or safer place, you may want to consider looking at an overfunded Universal Life Insurance policy. Taking the first step is easy, we can just get together and see if the relationship works for both parties, and take it from there. Remember we aim to add value to your situation, nothing else! Let’s talk about what we can do for your portfolio!