79K views · 1.6K reactions | IS vs ARE — Learn When to Use Them...

Loan proceeds are tax-free — that’s why the wealthy use IUL policies to access money the smart way. When you borrow with a policy loan, you don’t pay taxes on that money. Many of my savvy clients use an Indexed or Alternate Loan, where the insurance company may charge 5% (ex: that would be $50K on $1 million loan). In addition to being tax-free, while you can repay it if you'd like, the loan isn't due while you’re alive — if left unpaid, it's settled from your cash value/death benefit when you p