Follow the progress of an Indexed Universal Life insurance policy intended to be used as a retirement cash flow tool
"The IUL Experiment" is Andy Panko's chronicling of an Indexed Universal Life ("IUL") insurance policy he bought to see if it ultimately plays out as expressed by those who pitch them as Life Insurance Retirement Plans ("LIRPs")
IULs are arguably the most complicated form of life insurance. If properly structured and funded, they can potentially result in a sizable amount of policy cash value against which loans can be taken in retirement to provide a source of cash flow. However, given the complexities and costs of the product, as well as the variability of the interest to be received on its cash value over the decades, there are a lot ways in which the policies can ultimately fall short of how they are initially pitched and presented
In the The IUL Experiment, Andy bought an IUL policy that's properly structured and funded with the goal of eventually borrowing against it in retirement. The experiment will publicly chronicle how the policy ultimately plays out over time, and whether it performs as initially projected and expected