If you’ve tried to leverage the Wealth Beyond Wall Street idea, then you probably know that it relies on the Indexed Universal Life (IUL) policy to accumulate wealth. While it might seem like the best thing to do, you’d be surprised at how risk this decision could prove in the long run.
In the event that you have a policy based on Wall Street performances, then you should rest in knowing that poor performance can lead to the fall of your policy value. What this basically means is that if your cash value is going down, then you will no longer be in a position to accumulate Wealth Beyond Wall Street.
For this reason, you should never run into putting the Wealth Beyond Wall Street idea into practice without a clear idea of what is destined to come your way. To help undo some of the doubts you might already be having, the owners of IUL policies can lose money when the index mirrored by the policy goes down, trades literal, or even when it goes up marginally.
It is quite evident that premiums have increased for thousands of IUL policy owners in the last couple of years. And it doesn’t come as a surprise considering IUL premiums are not fixed. During the time you own an Indexed Universal Life insurance policy, your premiums can skyrocket, with no increase in benefits.
We can never sign off without mentioning the sheer fact that IUL illustrations are leveraged to sell IUL policies and regulators in all states have now mandated insurers to stop using the high rates of return they have been using in their IUL illustrations.
In short, there is uncertainty in future market performance, and Indexed Universal life insurance is based on market performance. Sadly, even these lower rates of return are still well beyond the actual growth rates. That explains why you should steer clear from choosing IUL for your future needs.
For those who deem it ideal, then it would be better to research more about the Wealth Beyond Wall Street idea before taking the next step of action.