IUL Life Insurance Company in So California?

Discussion in 'Indexed Universal Life Forum' started by Freddie, Dec 3, 2015.

  1. paulallred
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    paulallred Active Member

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    North American is a good choice! Send me the details and I'll run an illus for you. Are you familiar with Insmark?
    Maybe yo';d be interested in better comp too and if so let me know, I can arrange it.
     
  2. wfs
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    wfs Well-Known Member

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    If the person is self-employed, you could use a solo-401k and house the IUL inside the qualified plan. The problem is... With the new DOL fiduciary rule, very few life insurance companies will do this.
     
  3. DHK
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    DHK Well-Known Member

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  4. TevisVerrett
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    TevisVerrett Well-Known Member

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    Thats right, good catch DHK. Whole Life is used in Cash Balance Pension Plan vehicles. I believe Pac Life has an institutional vehicle for that.

    Thank you for the reminder!
     
  5. scagnt83
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    scagnt83 Well-Known Member

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    You can use UL or WL within a Qualified Plan. You are able to reap a higher tax deduction per dollar of premium using WL though. This is why you usually see WL and not UL.

    However, there are some strategies for using long surrender ULs within a 401k plan to reap tax benefits on the back end when you roll it out of the Plan.
     
  6. TevisVerrett
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    TevisVerrett Well-Known Member

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    This is a gorgeous zebra-like product that not many advisors know about.

    I relearned this while doing my CE relicensure.

    You can buy life with qualified money? Here tis'

    http://www.lifehealthpro.com/2013/03/29/the-ins-and-outs-of-owning-life-insurance-in-a-qrp?t=life-products&page=2&slreturn=1473015002

    It is an 'incidental benefit' and limits of no more than 50% of WL and 25% of IUL and UL premiums. Still, a gorgeous weapon in our senior warchest!

    We share the wealth!
     
  7. MGBAgency
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    MGBAgency Well-Known Member

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    Just go with Pac life they take you out to lunch all the time.
     
  8. TevisVerrett
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    TevisVerrett Well-Known Member

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    I may just sign up with Pac Life for the fuhree lunches. . . and also I want to get my hands on that qualified life product that they use for 412e plans.

    Who has a halfway decent IMO for them, or can we go direct?
     
  9. MGBAgency
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    MGBAgency Well-Known Member

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    Pac is only direct. I think they cap out around 110 or so. Check them out.
     
  10. louiefrias
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    louiefrias Well-Known Member

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    Who doesn't like free lunches?
    We pay up to 130. Plus ownership.
     

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