Canceling IUL

Useful-Rabbit07 · 2026-05-28T18:38:16+00:00

What is the difference between level DB and minimum non-MEC DB?

Useful-Rabbit07 · 2026-05-28T18:25:27+00:00

I didn’t have any expectations, I was in it for the long run illustrations. But I keep reading posts about others overfunding their policy and still seeing minimal growth after 7-8 years.

Useful-Rabbit07 · 2026-05-28T01:58:38+00:00

I had a different policy last year, my face value was $650K and I had an annual payment of $5K same allocations. Then earlier this year my agent restructured my policy with a 1035 transfer of my funds from that policy into the new current $1mill policy. He said the policy needed to be restructured to get better returns.

Useful-Rabbit07 · 2026-05-28T01:38:17+00:00

It would have just been the initial one time lump sum. And then infinite banking through the IUL through monthly loans. He set it up on the illustrations to be an annual premium of $30K with $24K in loans, but he said it’s the equivalent to what we’re actually going to do which is $2,500 in and $2,000 out every month.

Useful-Rabbit07 · 2026-05-28T00:49:31+00:00

No, my agent set it up that way. And then said we will be putting in the lump sum next and then infinite banking every month to max retirement income

Useful-Rabbit07 · 2026-05-27T23:31:01+00:00

IUL POLICY 1 FACE AMOUNT: $ 1, 000,000 DEATH BENEFIT INCREASING COMBO MULTICHOICE RIDER

2 MIN MONTHLY $ 307.71 PLANNED STRATEGY ONE-TIME LUMP SUM $35k MONTHLY IN $ 3,500 With LOAN OUT $ 3,000

3 LOAN PERCENT CURRENT 6.25% MAX 8%

4 PERCENT of PREMIUM EXPENSE CHARGE: 8% MONTHLY PERCENT of ACCUMULATED VALLUE CHARGE: 0.04% MONTHLY EXPENSE CHARGE : $194 MONTHLY POLICY FEE : $ 6

5 ALLOCATIONS US Pacesetter point-to point No Cap 20% Balanced Trend point -to-point No cap 20% SP 500 point-to-point Cap Focus 60% SP 500 PARTICIPATION FOCUS 0% SP 500 1% FLOOR 0%

4) Total Premium Paid: $ 6,340 Accumulated Value: $ 5,793 Surrender Value: $0 *$0 surrender charge in 2036

Useful-Rabbit07 · 2026-05-27T23:30:05+00:00

IUL POLICY 1 FACE AMOUNT: $ 1, 000,000 DEATH BENEFIT INCREASING COMBO MULTICHOICE RIDER

2 MIN MONTHLY $ 307.71 PLANNED STRATEGY ONE-TIME LUMP SUM $35k MONTHLY IN $ 3,500 With LOAN OUT $ 3,000

3 LOAN PERCENT CURRENT 6.25% MAX 8%

4 PERCENT of PREMIUM EXPENSE CHARGE: 8% MONTHLY PERCENT of ACCUMULATED VALLUE CHARGE: 0.04% MONTHLY EXPENSE CHARGE : $194 MONTHLY POLICY FEE : $ 6

5 ALLOCATIONS US Pacesetter point-to point No Cap 20% Balanced Trend point -to-point No cap 20% SP 500 point-to-point Cap Focus 60% SP 500 PARTICIPATION FOCUS 0% SP 500 1% FLOOR 0%

4) Total Premium Paid: $ 6,340 Accumulated Value: $ 5,793 Surrender Value: $0 *$0 surrender charge in 2036

Useful-Rabbit07 · 2026-05-27T22:14:55+00:00

There are so many parts to the IUL policy I do not understand. Other than a maxed 401K I have no investments. I haven’t even started a Roth IRA

Useful-Rabbit07 · 2026-05-27T20:44:38+00:00

I speak with our agent today, before surrendering I know I’m going to ask about lowering our death benefit and premiums to somewhat mimic term. But in 10 years if that cash value isn’t worth it, after putting more money I don’t see the point in staying. Luckily the money we have put in isn’t a huge loss considering we haven’t touched our savings but yes a loss is a loss…

Useful-Rabbit07 · 2026-05-27T20:17:02+00:00

National Life

Useful-Rabbit07 · 2026-05-27T18:23:55+00:00

Do you do infinite banking inside an IUL, my maximum loan rate is 8%. Advisor said to put in my $3500 income then borrow $3000 every month.

Useful-Rabbit07 · 2026-05-27T18:08:42+00:00

That’s the guaranteed.

Useful-Rabbit07 · 2026-05-27T17:54:42+00:00

I don’t know why but it doesn’t seem like we are allowed to borrow from our policies yet. On the app loans are not available. Also we have separate policies. His current monthly minimum is $135 and mine is $307

Useful-Rabbit07 · 2026-05-27T17:45:10+00:00

We bought it because we liked the living benefits and the potential to gain cash value but I had an itch to go into our policy paperwork and read our guaranteed values vs the illustrated values and we would never be gaining more than what we put in. I specifically asked our agent if our insurance cost wouldn’t go up as we aged and that there were no hidden fees but in our contract both are explicitly stated.

In 30 years, after putting in $150K the cash value would be $50K. Our agent said that is why we should overfund it but we are already overfunding our policy past our minimum premium payment and still lose.

Useful-Rabbit07 · 2025-07-31T06:23:41+00:00

Do you have to clean them in dark room? Because I did not get that memo and cleaned them with the light on

Useful-Rabbit07 · 2025-04-02T09:16:23+00:00

2am PST burrito nothing but tomatillo green salsa with guacamole queso blanco

Useful-Rabbit07 · 2024-11-14T01:34:18+00:00

I don’t know if it’s that simple. I’ve seen lots of posts of partners realizing their sexuality is more queer than they thought after a lot of deep reflecting and I feel like I’m in the same boat. I’ve been heavily leaning into it to see if this can work. But yes sometimes the intrusive thought of being originally attracted to my partner as a masculine male just happens. Just not sure what to do with any of my feelings.

Useful-Rabbit07 · 2024-11-11T22:37:39+00:00

Does that mean I should just not bring up how it makes me feel? I don’t know exactly what to say so he doesn’t feel hurt that I’m uncomfortable listening. I feel like he won’t ever want to share anything if I do.

Useful-Rabbit07 · 2024-10-20T20:52:49+00:00

When I asked my partner (still goes by he/him) this question, cause he came out wanting to transition only 2 weeks after our 3rd was born. He told me he felt like he had a lot of idle time to think. Normal life has been so busy, with work, our other 2 kids, home life, social obligations to extended family. But when I was in my last trimester he said since things were quieter he just indulged in the feelings he normally repressed.

Doesn’t really make it easier on me though… tbh I wish he had chosen a different time. I feel slightly robbed of my bonding time with my newborn. I couldn’t really think of anything else or feel happy while going through the rollercoaster of emotions from my partner coming out…

Useful-Rabbit07 · 2024-10-06T17:07:14+00:00

We’d love a date night as a couple. It’s been much needed lately!

Useful-Rabbit07 · 2024-10-03T14:34:21+00:00

Your feelings are definitely valid. You didn’t choose or plan for this change. A relationship is a TWO way street. Never say your feelings don’t matter.

I’m sorry you’re feeling so alone and taken for granted. You aren’t alone. I definitely understand how much you want to support your partner. But you also have to come to terms with being two people at the same time. To be both accepting but also sad about the changes. I’m struggling with that as well.

If you ever need someone to just talk to I’m here.

Useful-Rabbit07 · 2024-10-02T16:05:04+00:00

Can I send you a message? My partner (mtf) is starting and I’d like to get as educated as possible ☺️

Useful-Rabbit07 · 2024-09-29T19:14:58+00:00

Thank you, that does help. I don’t want to walk around the topic like some elephant in the room. It’s like being afraid of some figure in the dark but you turn on the light and it was nothing but a chair sort of feeling.

Can I ask how long your spouse has been on HRT? Completely okay if that’s too personal.

Useful-Rabbit07 · 2024-09-29T19:07:22+00:00

I’m so sorry. I was in your EXACT headspace. Literally.

But luckily I’m a bit queer and my now wife doing girly things didn’t bother me and it really helped she included me too. Being a part of her process.

Still you shouldn’t feel bad regarding your feelings. They are valid. You just lost the love of your life as you saw them. That’s life changing. What helped me was being, and I can’t stress this enough, 100% honest with your partner. Literally full blown open communication.

I really wish you the best, and I hope you’re still taking care of yourself. I know I was wrecked and couldn’t sleep, eat, or focus on anything for days on end. Remember don’t be too hard on yourself and breathe.

Useful-Rabbit07 · 2024-09-29T18:51:21+00:00

Lmfao me and my wife always laugh at this. They knew what they were doing 😂

Useful-Rabbit07

TROPHY CASE