Our Story
Unchained Wealth LLC is a newly established financial services company dedicated to helping individuals build generational wealth through Whole Life Insurance, specifically Indexed Universal Life (IUL) Insurance.
We offer tailored solutions that align with each client’s unique goals. Whether you’re planning for retirement, managing risk, or growing your wealth, our mission is to provide transparent, actionable advice that helps you achieve lasting financial success.
Our Goal
At Unchained Wealth, we believe in empowering individuals to take control of their financial futures. Founded on the principles of trust, integrity, and personalized service, we are dedicated to helping clients make informed decisions about their financial well-being. Our team is committed to providing the highest level of support and guidance in navigating the complexities of financial planning.
With years of experience in the financial industry, we have built a reputation for offering tailored solutions that align with each client’s unique goals. Whether you’re planning for retirement, managing risk, or growing your wealth, our mission is to provide transparent, actionable advice that helps you achieve lasting financial success.
FAQs About Indexed Universal Life Insurance (IUL)
Is IUL a good investment for retirement planning?
Indexed Universal Life (IUL) insurance can be a valuable tool for retirement planning. It offers flexible premiums, a death benefit, and the potential for cash value growth linked to a stock market index, providing a balance of growth and security. However, while it offers tax-deferred growth, it’s important to consider the costs associated with the policy. It’s best to consult with a financial advisor to determine if IUL fits within your long-term retirement strategy.
What are the tax advantages of an Indexed Universal Life Insurance policy?
Indexed Universal Life (IUL) insurance offers several tax benefits. The cash value grows on a tax-deferred basis, meaning you won’t pay taxes on the growth as long as it remains in the policy. Additionally, the death benefit is generally paid out tax-free to beneficiaries. You can also take tax-free loans against the cash value, provided the policy is properly structured. However, it’s important to consult with a financial professional to ensure your IUL is optimized for tax advantages.
How does IUL compare to Whole Life Insurance or 401(k) plans?
Indexed Universal Life (IUL) insurance, Whole Life Insurance, and 401(k) plans all offer different advantages. IUL provides flexible premiums, a death benefit, and cash value growth linked to a stock market index, offering the potential for higher returns with lower risk. Whole Life Insurance offers fixed premiums and guaranteed cash value growth, but with higher premiums. A 401(k) allows for tax-deferred growth and employer contributions, but funds are generally locked until retirement. Each option serves different financial goals, so it’s important to evaluate your needs and risk tolerance when choosing the right one.
Can I borrow money from my Indexed Universal Life Insurance policy?
Yes, you can borrow money from your Indexed Universal Life (IUL) insurance policy. The cash value that accumulates within the policy can be accessed through loans. These loans are typically tax-free as long as the policy remains in force, and they do not require credit checks. However, any unpaid loans or interest will be deducted from the death benefit, so it’s important to manage loans carefully to avoid reducing the policy’s value. Always consult with a financial advisor to understand the full impact of borrowing from your IUL.
What are the living benefits of an Indexed Universal Life Insurance policy?
Indexed Universal Life (IUL) insurance offers several living benefits, including the ability to build cash value that grows tax-deferred. This cash value can be accessed through loans or withdrawals to help cover emergencies, retirement, or other financial needs. Additionally, IUL policies may offer accelerated death benefits, allowing you to access a portion of the death benefit in the event of a terminal illness. These living benefits provide flexibility and financial security during your lifetime, in addition to the death benefit for your beneficiaries.