Instant Whole Life Coverage
IUL with Inner Circle provides living benefits, combining a death benefit with a growing cash value based on the performance of a stock market index. Get quick, lifelong coverage while building wealth, offering you the ideal blend of financial protection and growth potential.
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Indexed Universal Life Insurance
We partner with top insurance providers to deliver easy approval life insurance with no medical screening.
Protect Your Family and Grow Your Wealth
Indexed universal life is all about how the cash value grows. Choosing an IUL means selecting a policy that offers permanent coverage and never expires, while providing a safer alternative to direct stock market investments for cash value growth. IUL may be a good option for you if:​
Don't have life insurance coverage in place to cover final expenses or replace lost income
Need lifelong coverage that never expires, ensuring ongoing protection for you and your family.
Looking for a whole life insurance policy that provides cash value growth potential with lower risk than direct stock market investments.
Whole Life Insurance
Permanent life insurance, also known as whole life, is a category of life insurance that provides lifelong coverage and builds a cash value you can access during your lifetime through withdrawals or loans.
Infinite Banking Concept
Leverage the Infinite Banking Concept (IBC) to create a personal banking system. Instead of relying on traditional banks for loans, use this permanent policy as a central tool for managing and growing wealth.
Why Choose Indexed Universal Life Insurance (IUL)?
IUL with Inner Circle offers living benefits with a level premium and death benefit that remain unchanged throughout the policy's duration. A level premium and death benefit means predictable costs and stability without changes in coverage or premiums over time.
Permanent Coverage
Permanent life insurance policies, such as whole life, and indexed universal life, ensure coverage throughout your life. Get long-term security and financial protection for your loved ones.
Cash Value Growth
Accumulate cash value, on a tax-deferred basis that you can later access to pay for expenses such as college funding or emergencies. The cash value grows based on the performance of a selected market index.
Level Premium and Death Benefit
The premium you pay and the death benefit your beneficiaries receive stay the same throughout the life of the policy. Level policies offer consistent, reliable costs and financial protection that remains unchanged over time.
Accelerated Death Benefit (Living Benefits)
Access a portion of your death benefit while you're still alive if diagnosed with a terminal, chronic, or in some cases, a critical illness. This can help reduce the stress of financial uncertainty during difficult times.
FAQs
Five Questions To Ask When Considering Index Universal Life Insurance
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How do I get started with the Infinite Banking Concept?To implement IBC, consider the following steps: Educate Yourself: Gain a thorough understanding of IBC principles by reading reputable sources, attending seminars, or consulting with an Inner Circle Financial professional experienced in this strategy. Assess Your Financial Situation: Evaluate your current financial health, including income, expenses, debts, and savings, to determine how IBC might fit into your overall plan. Consult with Experts: Engage with financial advisors who specialize in IBC to receive personalized guidance tailored to your goals and circumstances. Source: Living Wealth
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Are there any potential drawbacks or considerations with the Infinite Banking Concept?While IBC can be a powerful financial tool, it's essential to be aware of potential downsides: Complexity: Understanding the intricacies of whole life insurance policies and the IBC strategy requires careful study and possibly professional guidance. Costs: Whole life insurance premiums can be higher compared to term life policies, and the initial years may have lower cash value accumulation due to policy fees and costs. Long-Term Commitment: IBC is most effective when viewed as a long-term strategy, with benefits becoming more pronounced over many years. Source: The Money Advantage
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What are the benefits of implementing the Infinite Banking Concept?IBC offers several advantages, including: Tax Efficiency: Loans taken against the policy's cash value are generally not considered taxable income, providing a tax-advantaged method of accessing funds. Financial Control: By becoming your own banker, you gain greater control over your financing, reducing reliance on traditional financial institutions. Wealth Preservation: The death benefit ensures that your beneficiaries receive a tax-free inheritance, aiding in legacy planning. Asset Protection: In many jurisdictions, the cash value within life insurance policies is protected from creditors, offering an additional layer of financial security. Source: Living Wealth
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How does the Infinite Banking Concept work?The process begins by purchasing a whole life insurance policy from a mutual insurance company. As premiums are paid, a portion contributes to the policy's cash value, which grows over time. Once sufficient cash value accumulates, policyholders can take loans against it, using the funds for personal financing needs. Repayments are flexible, and the cycle allows for continuous growth and access to funds. Source: Living Wealth
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What is the Infinite Banking Concept?IBC involves using whole life insurance policies with high cash value to function as a personal line of credit. By overfunding these policies, individuals can borrow against the accumulated cash value for various financial needs, such as purchasing assets or funding education, while potentially earning dividends and interest Source: Nerdwallet - Finance Smarter