The traditional 401(k) is no longer the go-to retirement vehicle for many millennials. With high fees, limited access, and unpredictable market performance, a growing number are turning to IULs to secure their future.
What Makes IULs Appealing?
- No penalties for accessing funds before 59½
- Tax-free income in retirement
- Flexibility to use funds for life events
- No market losses thanks to 0% floor
401(k) vs. IUL Comparison:
| Feature | 401(k) | IUL |
|---|---|---|
| Tax-free retirement income | ✗ | ✓ |
| Market protection | ✗ | ✓ |
| Early access | ✗ | ✓ |