05 Nov Indexed Universal Life Insurance vs. Roth IRA (Retirement Savings)
IUL vs. Roth IRA
Many people consider a Roth IRA for retirement savings, but Indexed Universal Life (IUL) insurance offers unique benefits that may suit certain financial goals. This article compares Roth IRAs and IUL, highlighting their tax advantages, growth potential, and flexibility. (Indexed Universal Life Insurance vs. Roth IRA)
Indexed Universal Life Insurance vs. Roth IRA |Comparing Key Features
- Tax Treatment: Both offer tax advantages, but with important differences in growth and withdrawal options.
- Growth Potential: Roth IRAs grow based on market investments, while IUL’s growth is linked to an index with a guaranteed floor.
- Flexibility: IUL policies offer flexible premiums and a death benefit, making it a versatile choice for those who want life insurance alongside retirement savings.
While Roth IRAs are popular, IUL insurance may be better suited for those seeking added flexibility and life insurance benefits. Contact The Policy Shop for help deciding which option aligns with your goals.
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