{ "media_type": "text", "post_content": "Indexed Universal Life Insurance (IUL) - Anyone have one of these ? Never heard of this until the other day when a financial planner mentioned it. He said it’s a better vehicle than 401K. I took what he said with a grain of salt because he was trying to acquire customers, but I haven’t heard anyone talk about it here. At a quick glance it seems pretty solid. Anyone have experience ? Pros/Cons ? Something to add on including the standard 401K, Roth, HSA, etc ?", "post_id": "5f7c8506e4e05300305dd8a4", "reply_count": 3, "vote_count": 1, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter" }

Indexed Universal Life Insurance (IUL) - Anyone have one of these ? Never heard of this until the other day when a financial planner mentioned it. He said it’s a better vehicle than 401K. I took what he said with a grain of salt because he was trying to acquire customers, but I haven’t heard anyone talk about it here. At a quick glance it seems pretty solid. Anyone have experience ? Pros/Cons ? Something to add on including the standard 401K, Roth, HSA, etc ?

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It's another way to diversify and if you have one of these life insurance policies as a means of diversifying, you should have it in addition to your traditional retirement accounts. My mom works in this field. Had some savvy clients with policies with over $500k cash value. In '08 they borrowed against the full cash value and were able to scoop up cheap stocks and real estate. I can't remember which exact types of insurance policies were good for this, though. And make sure you go with a reputable company.

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Following. Sounds interesting

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Watch the hidden fees. Like complicated annuities, whole life products can be very expensive. Every annual percent of extra fees can really eat up your long term, compounded return. In a 401K you can typically buy very low expense funds and pay a relatively small fixed management fee.

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