Discover the Superior Tax Benefits of Indexed Universal Life
Our Mission
At The Way True Life Solutions, we believe that when planning your retirement, understanding the tax advantages of your investment choices is essential.
Key tax advantages of an Indexed Universal Life (IUL) Scroll
✅ Tax-Free Death Benefit
- The payout to beneficiaries is generally income tax-free under IRS Code §101(a)
- This can provide a significant estate-planning advantage.
✅Tax-Deferred Cash Value Growth
- The cash value inside the IUL grows tax-deferred, meaning you don’t pay taxes each year on interest or index credits.
✅Tax-Free Policy Loans
- You can borrow against your cash value without triggering taxable income, as long as the policy stays in force
- Loans are typically not reported as income, so you can access money for retirement or emergencies without taxes.
✅ Tax-Free Withdrawals (up to basis)
- You can withdraw your cost basis (premiums paid) tax-free.
- After that, loans are typically used to avoid taxable distributions.
✅ No Required Minimum Distributions (RMDs)
- Unlike 401(k)s or IRAs, there are no RMDs at age 73+, giving you full control of when (or if) you access funds.
✅ Potential Estate Tax Benefits
- If owned by an irrevocable trust, the death benefit can be kept outside your taxable estate, reducing estate taxes for high-net-worth individuals.
✅ Alternative to Overfunded 401(k)/IRA
- Since contributions to IULs aren’t capped like qualified plans, high earners use them as a tax-advantaged supplemental retirement strategy
a clear comparison of IUL tax advantages vs. 401(k)/IRA
Here’s a clear comparison of IUL tax advantages vs. 401(k)/IRA
At the way true life solutions, we believe in providing personalized service to each of our clients. We take the time to understand your unique needs and recommend the best insurance solutions to meet them.
IUL (Indexed Universal Life)
Contributions After-tax dollars, no IRS limits (limited only by insurability & policy design)
401(k)/IRA
Our team of insurance experts has over 50 years of combined experience in the industry. We are here to answer your questions, provide advice, and guide you through the insurance process.
Life Insurance
FeatureIUL (Indexed Universal Life)401(k)/IRAContributionsAfter-tax dollars, no IRS limits (limited only by insurability & policy design)Pre-tax (Traditional) or after-tax (Roth) with strict IRS annual limits
Health Insurance
Keep your family healthy and protected with the way true life solutions. We offer a range of health insurance policies to cover your family's medical needs.
Home Insurance
Protect your home and your family with the way true life solutions. Our comprehensive home insurance coverage safeguards your home against unexpected damage or loss.
Auto Insurance
Drive with peace of mind with the way true life solutions. Our auto insurance policies cover you and your vehicle against accidents, theft and other unforeseen risks.
Child Education Plan
Secure your child's future with the way true life solutions. Our child education plans help you plan and save for your child's education expenses.
Travel Insurance
Travel with peace of mind with the way true life solutions. Our travel insurance policies cover you against unexpected events during your trip.
