How to become Millionaire with an IUL

An Indexed Universal Life Insurance Policy is a type of life policy who’s value grows over time. In addition to a death benefit, it can supplement you or your children’s retirement income. The premiums paid into an IUL grow tax deferred and can have a large impact on your income down the road, it can even make you or your child a Millionaire.  Let's take a look at two examples: a 45 year-old and a 3 year-old.

John, our 45 year-old man, can put $1500 a month into his IUL policy.  He pays this much for 22 years and at the age of 66, his policy has a death benefit of $1,041,985!  The next year John begins to take loans against that policy and supplements his retirement by drawing $67,329 a year until he is 90 years-old.  That means that John received over $1.6 million dollars from this policy by only putting in $18,000.  This means he withdrew four times what he paid in the first place!

The return on your investment is even greater for children.  Let's look at an example of a 3 year-old girl whose parents put just $150 a month into her IUL policy.  In 20 years, at the age of 23, the policy is paid up and the parents no longer have to continue to pay that premium and the policy will continue to grow along with them.  By the age of 65 the policy is worth over $1.4 Million!  And at 66 she can begin to draw $116,726 a month, tax-free, until the age of 85.  At the end of those 20 years of payments, she will have received over $2.4 Million in benefits from the policy.  The parents only put in $16,000 over 20 years and their daughter received a staggering 65x what her parents put into the policy.

An Indexed Universal Life Insurance Policy is more than just a safety net—it’s a powerful financial tool that can create generational wealth. Whether started in adulthood or early childhood, the long-term benefits can far outweigh the initial investment, offering both financial security and substantial income in retirement. With smart planning, modest contributions to an IUL can turn you, your children, or both into Millionaires!