I've recently come across several IUL illustrations proposed using the "IRA Rescue" strategy that are funded as either a 3-pay or 5-pay. I have a lot of problems with this type of policy design, but this one is particularly worrisome to me. In fact, there are only one or two carriers that will allow this to happen in their illustrations. I'm going to use Minnesota Life in this example.
These "IRA Rescue" designs use a 3 pay or 5 pay as I said earlier, typically with the client liquidating the IRA or other "tax hostile" plan over the 3 or 5 year schedules to fund an IUL policy which then
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These "IRA Rescue" designs use a 3 pay or 5 pay as I said earlier, typically with the client liquidating the IRA or other "tax hostile" plan over the 3 or 5 year schedules to fund an IUL policy which then
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