Buy IUL or Buy Term + Annuity?

[csinsurance]

Case study: A client, 40 years old, owns a house without mortgage + no children. No much liabilities and no need to leave big money to the beneficiaries.

With such condition, which is better to choose? Buy an IUL or buy term then put the rest of the money into an annuity?

Thanks!

 

[unic.consulting]

Case study: A client, 40 years old, owns a house without mortgage + no children. No much liabilities and no need to leave big money to the beneficiaries.

With such condition, which is better to choose? Buy an IUL or buy term then put the rest of the money into an annuity?

Thanks!

Who are the beneficiaries you're thinking of? What would be the purpose of the term insurance?

 

[TwiLight]

Simple.... Max fund an IUL and buy a low price Term product to round out for the total insurance Need

 

[DHK]

Take an income tax and retirement planning course.

Then you can present both solutions properly with all the pros/cons and let your client choose.

 

[scagnt83]

Take an income tax and retirement planning course.

Then you can present both solutions properly with all the pros/cons and let your client choose.

And you wont have to start 3 separate threads about the same product.... of course most people who take those types of courses would research the 100s of posts already made about IULs and find the answers without posting new threads that are just repeats of old ones...