- 736
which IUL carrier/product is best for me?
i want to have a roth ira, but im considering IUL with no contribution limits.
can i get a 50k IUL and over fund it when i have money and pay min. when i dont have money?
how are these compared to roth ira? i will open one or the other right now i can max out roth ira, but i would like to be able to "borrow" against policy and not have early withdrawal penalties. I have about 40 yrs i can fund it.
kinda of like a balloon style, i will invest what i can, but future payments will get bigger and bigger if my business is stable, but also want the option of permanent insurance.
how does MEC come into play vs roth ira?
i want to have a roth ira, but im considering IUL with no contribution limits.
can i get a 50k IUL and over fund it when i have money and pay min. when i dont have money?
how are these compared to roth ira? i will open one or the other right now i can max out roth ira, but i would like to be able to "borrow" against policy and not have early withdrawal penalties. I have about 40 yrs i can fund it.
kinda of like a balloon style, i will invest what i can, but future payments will get bigger and bigger if my business is stable, but also want the option of permanent insurance.
how does MEC come into play vs roth ira?