Overfunded VUL solutions for investment accumulation and supplemental income needs.
Clients who are high earning, not retired yet, or HENRY’s as we affectionately refer to them, need additional solutions that look beyond their qualified retirement and investment accounts. Variable universal life (VUL) for accumulation and investment purposes can be an essential tool to building wealth in a tax-favored manner while delivering maximum flexibility to the client for planning purposes.
Tax-free investment accumulation, tax-free supplemental income, and a tax-free transfer of wealth to beneficiaries is an attractive listing of attributes for a financial product that is unlike any other. Far too often clients view life insurance as something they can’t use while they are alive. The blame for that falls on us, the life insurance professionals, for not conveying these benefits clearly enough to financial advisors and their suitable clients. The cash value buildup potential, offered by VUL, is one of the most powerful stories that clients aren’t hearing.