IUL Department — David Nwachukwu Call Now

IUL Department · Licensed Agent & Advisor

David Nwachukwu

Licensed Agent & Advisor

📞 224-856-0290 NPN 21742918 Licensed in AR, CO, CT, ID, IL, ME, MI, MO, MS, OH, TN, TX, VA, WI

Life insurance that protects your family — and builds cash you can borrow against while you’re alive.

Talk to a licensed agent. See your real numbers before you decide anything.

or call/text directly

What It Does

One policy. Three jobs.

It protects your family

If you pass away, your family gets a payout. It’s generally income-tax-free.

It builds cash you can borrow against

Part of what you pay builds cash value. You can borrow against it while you’re alive. It’s a loan, so it has interest.

It may help if you get seriously ill

Many policies let you use part of the payout early for a qualifying illness. It depends on the policy.

20 Years Of Real Market History

What a 0% floor does over time

$100,000 in the S&P 500, 2000 to 2019 — compared with an index account that has a 15% cap and a 0% floor.

With a 0% floor and 15% cap$414,511
S&P 500 by itself$219,862
Index account (15% cap, 0% floor) S&P 500 (price only) Your $100,000 start

Tap or drag on the chart to see any year.

S&P down year?Your credit is 0% — never negative.
S&P big year?Your credit stops at the 15% cap.
Why the blue line pulls aheadEvery year builds on the last, so skipping the big drops adds up.
Read this part. This is a hypothetical look-back, not a policy illustration and not a promise. It shows index credits only. It leaves out policy charges (the cost of the insurance and policy charges), which reduce cash value, and it leaves out S&P dividends. A 15% cap is an example — caps vary by carrier and can change. The period includes two major market drops. Past results don’t predict the future. Your real numbers come from a real illustration.

Did you know?

$8,300

The median cost of a funeral with viewing and burial in the U.S. — before cemetery and marker costs.

A death benefit can help your family cover that, plus lost income and debts.

Source: NFDA 2023 General Price List Study.

Why It Matters

With a policy vs. without

Family protection

A death benefit for your family, generally income-tax-free.

Depends on savings, or on coverage tied to a job.

Cash you can borrow against

Cash value that builds over time (think 10+ years).

Only what you’ve saved on your own.

If you get seriously ill

Many policies let you use part of the payout early.

Often no backup unless you have separate coverage.

Long-term planning

Stays with you while it’s funded — not tied to an employer.

Job benefits can end when the job does.

The Cost

What does it cost?

It depends on your age, your health, and how much coverage you want. There’s no one honest number — so you’ll see your real number before you decide anything.

The honest part

  • It’s life insurance, not an investment account. Part of what you pay covers the cost of the insurance.
  • It’s built for 10+ years. It’s a poor fit if you may need the money soon.
  • If you stop paying, the policy can lapse.
  • If it’s not a fit for you, we’ll say so.

Common Questions

Straight answers

How much does an IUL cost?

It depends on your age, health, tobacco use, the death benefit, and how the policy is structured, so there isn’t one honest number. That’s why the quiz asks for a range — a real figure comes from a real illustration.

Lower funding generally means less cash value. Higher funding builds more, up to the limits set by insurance and tax rules.

Can I lose money in an IUL?

Yes, it’s possible. The index credit itself can’t go below the floor, but the policy still has insurance costs. Cancelling in the early years can trigger surrender charges. Loans and withdrawals reduce cash value, and a policy that isn’t funded enough can lapse.

Is it really tax-free?

Some of it can be tax-favored, under conditions. Cash value grows tax-deferred. The death benefit generally passes to beneficiaries income-tax-free. Loans are generally not taxed while the policy stays in force, and withdrawals up to what you’ve paid in generally aren’t either.

If the policy lapses or is surrendered with a loan outstanding, part of it can become taxable. If it’s overfunded into a Modified Endowment Contract (MEC), the tax treatment of loans and withdrawals changes. Talk to a tax professional about your situation.

What happens if I can’t keep paying?

IUL premiums are flexible within limits, so you can often adjust. But paying too little for too long can cause the policy to lapse, and any outstanding loan can then create a tax bill. That’s why it isn’t set-it-and-forget-it: a yearly policy review is part of doing this right.

Want the details? Tap to see how the numbers work

How The Money Moves

Where your premium actually goes

Not every dollar you pay becomes cash value. Here’s the path, in order.

1

You pay your premium

Monthly or annually, in the amount you and your agent set up.

2

Insurance costs and policy charges come out

The cost of insurance, administrative fees, any rider charges, and premium loads if the policy has them.

3

What’s left becomes cash value

It’s credited using the strategy you pick — a fixed account, or an index strategy with a cap, participation rate, or spread.

4

You can access it later

Through policy loans or withdrawals, subject to the policy’s terms. Separately, the death benefit goes to your beneficiaries.

In the early years, cash value is usually lower than the total premiums you’ve paid. That’s normal for permanent insurance — and it’s why an IUL is a long-term plan, not a short-term account.

The Floor, Tested

What happens when the market moves?

Drag the slider to change what the index did this year, and see what an example policy would credit. Pick a strategy to see how each one works.

Index return this year+12%
−30%0%+30%
Credited to the index account10%

Example numbers only — not any carrier’s actual rates. Real caps, participation rates, and spreads vary by carrier and strategy, and the carrier can change them.

Important: the 0% floor applies to the index credit, not to your whole policy. Insurance costs, fees, loans, and withdrawals still come out, so cash value can go down even in a year the credit is 0%.

Floor

The lowest index credit the strategy can give you.

Index −20% → credit is 0%, not −20%.

Cap

The most the strategy will credit, however high the index goes.

Index +15%, 10% cap → credit is 10%.

Participation rate

The share of the index gain that’s used in the calculation.

Index +10%, 80% participation → 8%.

Spread

A set amount subtracted from the index gain before it’s credited.

Index +12%, 3% spread → 9%.

A higher cap isn’t automatically a better policy. Look at the participation rate, spread, charges, and what’s guaranteed too — not one number.

Before You Decide

Questions worth asking — of me or anyone

A good agent will answer every one of these with the actual policy in front of you.

Ask for these in writing

If you’re comparing options, this list works on any IUL, from any agent.

  • Show me the guaranteed column of the illustration, not just the illustrated one.
  • What are the current cap and participation rate — and can the carrier change them?
  • What are all the charges — cost of insurance, loads, rider fees, and surrender charges?
  • What happens if I miss a payment, pay less, or take a loan?
  • What’s the loan interest rate, and how does an unpaid loan affect the death benefit?
What are living benefits, and does every policy have them?

They’re riders that let you access part of the death benefit early if you have a qualifying chronic, critical, or terminal illness. Not every policy includes them, some cost extra, and what qualifies varies by carrier and state. We read the actual rider together before anything is final.

What’s guaranteed and what isn’t?

The policy contract sets guarantees — such as the minimum credit and the maximum charges. Caps and participation rates are set by the carrier and can change, and the “current” column of an illustration is a projection, not a promise.

That’s why the guaranteed column matters as much as the illustrated one.

How long until I can use the cash value?

Think years, not months. Early on, cash value is usually below what you’ve paid in. It’s designed as a 10-plus-year strategy, and it’s a poor fit if you may need the money soon.

Do I need a medical exam?

It depends on the carrier, your age, and how much coverage you want. Some policies are approved on health questions and records instead of an exam; larger amounts more often need one. Your health answers affect approval and price either way.

About 2 Minutes · No Obligation

See What You Qualify For

A few quick details, then a few honest questions — a licensed specialist calls you with what you qualify for.

  1. 1Quick start — name, phone, date of birth.
  2. 2A few short questions about your goals, so the call isn’t generic.
  3. 3A licensed specialist calls you. You see a real illustration before anything is final.
  • No pressure, no obligation, real answers
  • Not an application — this form never asks for your SSN or bank details
  • A real specialist calls you — never a robocall
  • Your answers stay private
Step 1 of 2

Let's get you started.

The basics first — then a few quick questions. A licensed specialist calls you with what you qualify for.

You're in!

You're locked in — a licensed specialist calls you, that's set no matter what you do next. One quick thing makes that call far more useful: answer a few fast questions so your specialist walks in already knowing what you need. ~90 seconds.

⅓ — you're already a third of the way there

When you pictured looking into this, what were you really hoping it could do for you?

What's actually in place for you right now?

Be honest for a second — if nothing changed for the next few years, how does that actually sit with you?

When you picture retirement, how's it actually looking right now?

When you think about who's really counting on you — who comes to mind first?

One honest one — why look into this now, instead of putting it off another year?

How's your health these days?

To build cash value with living benefits behind it, people usually start anywhere from $100 to a few thousand a month. If the right plan fit your life, where do you see yourself?

Last one. Picture two versions of you a year from now — one who finally locked this in, one who kept meaning to. Which do you want to be?

You're matched — nice work.

Just your last name and email, and your specialist has everything they need for the call.

You're all set, Terry!

David Nwachukwu
David NwachukwuYour licensed agent

David, your agent, will call you at the number you gave with what you qualify for. No cost and no obligation to see your options. Whether an exam is needed depends on the carrier, your age, and the amount.

Your answers were sent straight to David. If you don't hear back within 24 hours, text 224-856-0290 directly and mention you filled out the form.