David breaks down the 5 biggest IUL mistakes people make and how to avoid them.

He starts the conversation by explaining the impact IULs can have on tax-free retirement when used correctly.

Mistake #1 - Getting an IUL through the wrong company. David highlights what to look out for before settling on an IUL provider.

Mistake #2 - Getting the wrong IUL product. You could have the best carrier in the world, but if you choose the wrong product, it's all for nothing.

Mistake #3 - The right advisor. You need an advisor who understands what it means to build a balanced, comprehensive approach to tax-free retirement - and, most importantly, will be in business for the long run.

Mistake #4 - Improper funding. David explains that IULs work best when you fund them religiously and keep them until death.

Mistake #5 - Making an IUL the only component of your tax-free retirement strategy. According to David, your goal is to make IULs one of four to six streams of tax-free retirement income.

Mentioned in this episode:

David's books: Power of Zero, Look Before Your LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code

DavidMcKnight.com

PowerOfZero.com (free video series)

@mcknightandco on Twitter

@davidcmcknight on Instagram

David McKnight on YouTube

Get David's Tax-free Tool Kit at taxfreetoolkit.com