The purpoes of what I am proposing is building wealth and retiring. In other words, benefits during life. The death benefit is secondary. In fact, the death benefit in an IUL is usually, the LEAST amount of insurance by IRS regulation. The emphasis is on growing the fund and takling the money out.
IULs are completely liquid. You can use it as your own bank to avoid non-preferred debt.
The purpoes of what I am proposing is building wealth and retiring. In other words, benefits during life. The death benefit is secondary. In fact, the death benefit in an IUL is usually, the LEAST amount of insurance by IRS regulation. The emphasis is on growing the fund and takling the money out. IULs are completely liquid. You can use it as your own bank to avoid non-preferred debt.
Can you use take all of the money out of the account (prior to the death benefit) without any tax implications?