Financial Guidelines for IUL Coverage
Ever wondered how much life insurance you can qualify for? It all comes down to financial underwriting. Insurance companies require justification for the coverage amount based on your income or net worth.
When you’re younger and earning income, you might qualify for up to 30 times your annual income. As you get older, the multiple decreases, but if your net worth increases, you can still qualify for significant coverage.
Here’s an example: if you’re earning $100,000 annually, you may qualify for $3 million in coverage. If your net worth is $5 million, you can likely qualify for $5 million in coverage. This ensures your family maintains the lifestyle you’ve built, no matter what happens.
Paying a single yearly premium or a one-time lump sum over five years helps streamline your financial planning, ensuring your IUL is funded efficiently and grows faster.
Find out how much coverage you could qualify for today.
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