There are a lot of reasons to purchase an IUL insurance policy. Similar to any financial product or policy, however, there are some disadvantages that might prevent you from putting your money in an IUL. Critics point to high fees related with permanent life policies, such as sales and administrative fees. As contrasted to this, a retirement account, more so one affected by low-cost ETFs or mutual funds, will be affected.
For a person seeking life insurance protection and tax-free retirement distributions, such a person might have better chances getting a term life policy, which might point to something much more affordable and putting up an account for an IRA, instead of trying to consolidate the benefits into one policy.
