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Minisode: Unlocking Wealth - How IUL Insurance Can Make You Your Own Bank
In this episode of the "GenWLTH Podcast," host Judy Robbins shares her personal journey through financial hardship and introduces the show's mission to empower families with practical financial planning advice. Judy explains the benefits of Indexed Universal Life (IUL) insurance, especially for children and young adults, highlighting its tax-free growth, flexibility, and long-term value. Listeners learn how starting an IUL early can help build wealth, fund major life expenses, and supplement retirement income. Judy encourages listeners to subscribe, review, and connect for more financial tips and resources.
Introduction to Indexed Universal Life (IUL) Insurance (00:02:13)Guest introduces IUL insurance, emphasizing its benefits for children and young adults.
How to Start and Fund an IUL Policy (00:02:25)Explanation of starting an IUL for a child, funding amounts, and long-term contribution strategy.
Long-Term Growth and Retirement Benefits (00:03:29)Discussion of cash accumulation, projected retirement value, and comparison to Roth IRA.
Using IUL for Life Events (00:04:00)Examples of borrowing from the policy for college, business, or home purchase; becoming your own bank.
Loan Repayment and Policy Advantages (00:04:40)Details on loan repayment, interest rates, and comparison to high-yield savings accounts.
Indexed Feature and Cash Accumulation Timeline (00:05:55)Explanation of the indexed feature, zero floor, insurance costs, and cash value growth after ten years.
IUL as a Supplement to Traditional Retirement Accounts (00:07:11)Advice on using IUL alongside 401(k)s and IRAs, emphasizing tax-free growth.
Powerful Quotes from the Episode:
"I was left to pick up the pieces, and through that journey, I realized how critical it is to have a financial plan in place."
"That's why I'm on a mission to ensure that no family has to experience what I did."
Resources- WEBSITE: https://sixthandking.com/
- FOLLOW THE PODCAST: GenWLTH with Judy Robbins on Apple Podcasts and Spotify
- CONNECT WITH JUDY: Facebook, Instagram, LinkedIn
- Book a Free Consultation with Judy: https://calendly.com/judy-sixth-and-king
Podcast Produced and edited by the team at ResilientVoiceMedia.com
Contact us for expert podcast production and support.
View all episodes
By Judy RobbinsIn this episode of the "GenWLTH Podcast," host Judy Robbins shares her personal journey through financial hardship and introduces the show's mission to empower families with practical financial planning advice. Judy explains the benefits of Indexed Universal Life (IUL) insurance, especially for children and young adults, highlighting its tax-free growth, flexibility, and long-term value. Listeners learn how starting an IUL early can help build wealth, fund major life expenses, and supplement retirement income. Judy encourages listeners to subscribe, review, and connect for more financial tips and resources.
Introduction to Indexed Universal Life (IUL) Insurance (00:02:13)Guest introduces IUL insurance, emphasizing its benefits for children and young adults.
How to Start and Fund an IUL Policy (00:02:25)Explanation of starting an IUL for a child, funding amounts, and long-term contribution strategy.
Long-Term Growth and Retirement Benefits (00:03:29)Discussion of cash accumulation, projected retirement value, and comparison to Roth IRA.
Using IUL for Life Events (00:04:00)Examples of borrowing from the policy for college, business, or home purchase; becoming your own bank.
Loan Repayment and Policy Advantages (00:04:40)Details on loan repayment, interest rates, and comparison to high-yield savings accounts.
Indexed Feature and Cash Accumulation Timeline (00:05:55)Explanation of the indexed feature, zero floor, insurance costs, and cash value growth after ten years.
IUL as a Supplement to Traditional Retirement Accounts (00:07:11)Advice on using IUL alongside 401(k)s and IRAs, emphasizing tax-free growth.
Powerful Quotes from the Episode:
"I was left to pick up the pieces, and through that journey, I realized how critical it is to have a financial plan in place."
"That's why I'm on a mission to ensure that no family has to experience what I did."
Resources- WEBSITE: https://sixthandking.com/
- FOLLOW THE PODCAST: GenWLTH with Judy Robbins on Apple Podcasts and Spotify
- CONNECT WITH JUDY: Facebook, Instagram, LinkedIn
- Book a Free Consultation with Judy: https://calendly.com/judy-sixth-and-king
Podcast Produced and edited by the team at ResilientVoiceMedia.com
Contact us for expert podcast production and support.