Rocky Top Financial

Secure Your Loved Ones Future with Indexed Universal Life Insurance

If you’re looking for a smarter approach to life insurance that offers tax-free, higher returns through investments (typically ranging from 8-12% annually) while protecting you against potential losses, then an IUL policy might be right for you.

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Fill out the form below to determine your eligibility for Indexed Universal Life Coverage

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By submitting your information through the provided form, you understand that each individual agent’s results may vary and you are giving consent to receive calls, text messages, or emails regarding your specific inquiry, using any phone number or email address you provided from an insurance representative or one of our licensed insurance business partners. Furthermore, you agree that calls may use an automatic telephone dialing system or an prerecorded or artificial voice to deliver messages even if you are on a government do-not-call (DNC) registry. This agreement is not an enrollment condition.

Overview

Indexed Universal Life Insurance is a type of life insurance that offers traditional insurance protection for your loved ones while also building wealth. What sets IUL apart from traditional Universal Life Insurance or conventional life insurance is that the cash value of your insurance premiums can be invested in various stock market indexes. This feature provides the potential for greater returns compared to traditional savings accounts, typically ranging from (8% to 12% per year).

This means that if the indexes perform favorably, your cash value can grow even faster.

Moreover, this type of insurance gives you flexibility in terms of allowing you to modifying your premium payments and death benefit as your needs change over time.This flexibility makes it a popular choice for individuals looking for long-term financial security that realize that their needs might change in the future. If your index goes down, your policy can be structured in a way that the cash value can be shielded from significant decrease.

Bottom Line: Faster tax-free growth of the wealth accumulated within your life insurance policy with options to minimize risk.

Benefits of an IUL Policy

IUL’s have become popular in the past few years due to their unique benefits over more traditional life insurance. For individuals looking to maximize their investment in life insurance, this can be a wise choice.

Get Higher Returns

IUL policies offer the potential for higher returns by utilizing call options to access the benefits of equity indexes. In comparison, whole life insurance policies and fixed universal life insurance policies often provide a minimal interest rate that may not be guaranteed. The actual annual return on an IUL policy is dependent on the performance of its underlying index; however, the insurance company typically offers a guaranteed minimum return on the investment.

Customize Your Investment Goals

With IUL insurance, policyholders have the ability to personalize their policy according to their unique investment goals. They have the freedom to determine their risk tolerance in the market, modify the death benefit as required, and choose from a range of riders to customize the policy to suit their individual needs.

Safeguard Your Retirement Funds

While Social Security benefits serve as an important retirement income source, claiming them early or working while receiving may result in a reduction of the benefit amount. However, with an IUL policy, accumulation of cash value and loans obtained from the policy do not factor into the earnings thresholds. This unique feature enables policyholders to supplement Social Security benefits without reducing the benefit amount they receive.

Enjoy Tax-Free Capital Gains

Indexed universal life insurance policyholders can potentially eliminate the obligation to pay capital gains tax on the growth of their cash value unless they surrender the policy before maturity. This advantageous benefit extends to loans taken against the policy's cash value as well, offering a convenient source of funds without incurring taxes and penalties associated with early withdrawals from other financial accounts, such as a 401(k) or IRA.

Protect Your Loved Ones with Tax-Free Death Benefit

IUL insurance, like other life insurance policies, provides a death benefit for your loved ones. The death benefit can be utilized to cover various expenses, including funeral costs, outstanding debts, college expenses, or daily living expenses. Notably, this benefit can be passed on to beneficiaries without being subject to taxes.

Indexed Universal Life Insurance VS Other Types of Life Insurance

Dimensions	Indexed Universal Life	Traditional Universal Life	Traditional Life Insurance
Premiums	Flexible	Fixed, determined at policy issuance	Fixed, determined at policy issuance
Cash Value	Tied to an index. Participate in gains in the market with no losses. Gains between 5%-12%.	Typically generated through dividends.	None
Death Benefit	Customizable to your needs	Fixed	Fixed
Investment Risk	Moderate, policy holder does not have direct market investments	Moderate to high, dependent on the investment performance policy holder’s cash value is invested in market	Low to moderate, insurance company invests premiums
Principal Risk	No	No	No
Policy Loans	Available	Available	None
Tax Implications	Tax-Deferred Growth, Tax-Free Withdrawals	Tax-Deferred Growth, Tax-Free Withdrawals	N/A
Rate of Return	Variable	Fixed	N/A

Who is behind Rocky Top Financial Group

Since 2018, Darrell Broadway has been dedicated to assisting clients in the Chattanooga area with their financial needs. He specializes in Mortgage Protection, Final Expense, and Retirement Income Planning, leveraging his 5 years of experience in the financial services industry. Darrell’s practical approach to life insurance benefits those he works with, and he takes pride in helping people safeguard their most valuable asset—their family.

As a proud member of the Financial Service Industry, Darrell is able to offer his clients the best life insurance products available. He finds great satisfaction in meeting new people daily and providing them with the necessary tools to protect their loved ones. Additionally, Darrell is passionate about guiding individuals in planning for retirement, ensuring that they can enjoy financial security throughout their lives.

Darrell’s personal life is just as important to him as his professional endeavors. He is proud to say he is a Christian. He has been happily married to his beautiful wife Karen for over 33 years and has two children, 3 grandchildren. Licensed to provide financial services in multiple states, including Tennessee, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, New Jersey, North Carolina, North Dakota, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Texas, Utah, Virginia, Washington, Wisconsin, West Virginia and Wyoming. Darrell Broadway is recognized as a trusted advisor in the financial services industry. With his wealth of experience and unwavering dedication to his clients, he continues to make a positive impact in their lives

Darrell Broadway

Owner of Rocky Top Financial

What are my next steps?

Please complete the form below and you’ll have the option to book a 30 minute appointment with a financial professional from Rockytop Financial.
In this session, we will get to understand your unique situation and objectives to determine if an Indexed Universal Life Insurance Policy is right for you.
We will supply you with necessary information to make an informed decision.

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By entering your name and information above and clicking this button, you are consenting to receive calls or emails regarding your life insurance options, (at any phone number or email address you provide) from a life insurance representative or one of our licensed insurance agent business partners, and you agree such calls may use an automatic telephone dialing system or an artificial or prerecorded voice to deliver messages even if you are on a government do-not-call registry. This agreement is not a condition of enrollment.