Clear Talk About LIRPs

life insurance retirement plan

What is a LIRP? LIRP stands for life insurance retirement plan.  The most used life insurance product for a LIRP is indexed universal life (IUL) insurance.  When structured properly, LIRPs provide the tax-free advantages of a Roth IRA without the contribution limits of a Roth IRA. This article provides clear details on how to structure […]

IUL Policies | All You Need To Know About A Tax Free Retirement


Many of our clients today are looking for ways to use indexed universal life (IUL) as a way to build a tax-free income stream during retirement, save for college, or have cash in hand during an emergency. If you are looking to use IUL to help reduce income taxes during retirement, you must design your […]

$50,000 Life Insurance Rates

$50,000 life insurance rates

Have you ever seen a TV commercial when they talk about life $500,000 life insurance policies costing only about $18 a month? Then, you think to yourself that you only need about $50,000 in life insurance only to find out the rates are higher than the $500,000 “as seen on TV” rates? What’s up with […]

North American Life Insurance 2021 Review

North American logo

North American is a top choice for us.  They are rated A+ by AM Best and have a Comdex Score of 92. Our full review for 2021 is below. You should consider North American when deciding on what life insurance policy to buy.  A full portfolio to choose from including 10, 15, 20, 25 and […]

Six Compelling Reasons to Consider IUL in Retirement Planning

retirement planning

Many companies have started offering indexed universal life insurance (IUL) to their customers for implementing an IUL retirement account. Each IUL company is different. Each company has its own advantages and disadvantages that you should take note of when you’re shopping for coverage and considering indexed universal life insurance retirement. Although only in the marketplace […]

Lifetime Economic Acceleration Process | LEAP

lifetime economic acceleration process

Accumulating wealth for retirement can be stressful and confusing, there’s no doubt about it. Research reveals differing opinions, pros and cons, and scam declarations, with many articles pitching a product in the author’s conclusion. How do you know what you don’t know? We’ve previously discussed Look before you LIRP, the Power of Zero, the Volatility […]

Deferred Compensation Plans for Business Owners

deferred compensation plans

Whether you own a small, medium, or a large business, in today’s economy finding and keeping the best employees can be difficult. All business owners would like to believe that providing a great work environment where everybody enjoys working should be enough to hire and retain qualified employees that want to grow in your business […]

Do I need a Life Insurance Trust?

life insurance trust

If you’ve ever thought about retirement planning or purchased life insurance from a reputable agent or financial planner, chances are that “Life Insurance Trust” may have been part of the conversation. Although most people set up a trust as part of their estate planning, there are other reasons a trust would be financially beneficial to […]

What is a Premium Deposit Account?

premium deposit account

A Premium Deposit Account (also referred to as premium deposit fund) was designed for life insurance applicants who want to deposit a considerable amount of money in a life insurance policy that will earn interest and eliminate the possibility that the insurance policy could become a modified endowment contract (MEC). Since the PDA is a […]

Survivorship Life Insurance | What, When, Why, and How?

survivorship life insurance

Married couples have the option of buying individual life insurance policies or a joint policy known as survivorship or second-to-die life insurance. Although in most cases, an individual policy may be more appropriate, there are circumstances when survivorship life insurance is the better choice. Most people know what survivorship life insurance is, but are unsure […]

Finance Your Life Insurance Premium

finance your life insurance premium

Borrowing the money from a third-party lender to pay for a large life insurance policy is becoming more popular as lenders look to capitalize on this segment of business and insurance companies are certainly willing to accept premium financing. The purpose of financing life insurance premiums is pretty straightforward. The applicant wishes to purchase a […]

The Volatility Shield by David McKnight | Book Review

the volatility shield

THE VOLATILITY SHIELD How to Vanquish the 4% Rule & Maximize Your Retirement Income A Financial Novella by David McKnight   If you are a fan of David McKnight’s THE POWER OF ZERO or LOOK BEFORE YOU LIRP, you will probably love learning about retirement planning by reading the Financial Novella, The Volatility Shield. We […]

Modified Endowment Contract (MEC) | The Ins and Outs

modified endowment contract

In the many articles, we have provided regarding Indexed Universal Life Insurance, we have on many occasions mentioned the modified endowment contract but have not had an in-depth discussion. In this article, we are going to drill-down into the modified endowment contract (MEC) and discuss the ins and outs so that policyholders will understand whether […]

Should I Set Up a 7702 Plan?

should I set up a 7702 plan

If you think that your Social Security benefits will be sufficient for you to live on in retirement, think again. And regretfully, even if you are contributing to a 401(k) or IRA, you may feel a little safer but have you considered how your tax liability will impact your retirement nest-egg? The matter gets even […]

Look Before You LIRP by David McKnight | Book Review

look before you LIRP book review

Look Before You LIRP Why All Life Insurance Retirement Plans are Not Created Equal, and How to Find the Right One for You by David McKnight   Look Before You LIRP is an important follow-up guide for those who read David McKnight’s previous book The Power of Zero and for anyone who wants to learn […]

The Power of Zero by David McKnight | Book Review

the power of zero

The Power of Zero – How to Get to the 0% Tax Bracket and Transform Your Retirement by David McKnight In the Power of Zero book by David McKnight, the author lays out a well-devised strategy that will accumulate sufficient wealth for retirement and enable a tax-free income stream. Mr. McKnight uses a “three-bucket” strategy […]

How Does Life Insurance Work?

how does life insurance work

Most people have a vague idea of how life insurance works but generally they don’t understand the fundamentals of a life insurance contract and how the insurance company can make a profit when they are frequently paying out more than they’re taking in. To understand how life insurance companies profit from insurance contracts, you have […]

The 702(j) Retirement Plan Explained

702(j) retirement plan

Are you looking for an alternative to traditional retirement products? Have you found that when you look at the big picture, your IRA, 401(k), Roth IRA, or other retirement plans are not going to cut it when it comes time to begin taxable withdrawals? What about the IRS constraints that you have to deal with? […]

IUL for Emergency Physicians

IUL fpr emergency physicians

Emergency medicine is a huge category that can encompass many medical specialties. Emergency physicians remain in big demand and as such, they represent some of the top earners as medical professionals., a national database that tracks salaries of most groups of professionals reports that the average starting salary for an emergency physician is about […]

Why Urologists Should Consider IUL for Retirement Planning

computer 3343887 1280

Generally speaking, all medical professionals, including medical specialists like urologists, cardiologists, and pulmonologists, earn above average income. In fact, urologists, according to, fall in the group of highest paid medical professionals with an average salary of $300,000 to $350,000. When it comes to retirement planning, there are several issues that most highly-paid medical professionals […]

IUL for Neurologists

IUL for neurologists

Are you a highly-paid medical professional attempting to create enough wealth to live a comfortable and exciting life when you finally decide to retire? Have you experienced challenges with traditional retirement planning products like contribution limits and Required Minimum Distributions? How about the tax liability on your retirement income? Is that going to diminish your […]

Advantages and Disadvantages of IUL for Internists

IUL for Internists

Internists, commonly referred to as “family doctors,” generally enter start practicing medicine after completing their basic internal medicine training. Since they practice general internal medicine, these physicians are considered general internists that are equipped to take on a large spectrum of adult illnesses. Internists are primarily known for their ability to diagnose their patients and […]

IUL for Gynecologists

IUL for gynecologists

Are your contribution restrictions on your retirement planning vehicles causing you to fall short of your wealth accumulation goals? Are you maxing out your 401k or IRA and still not saving and earning enough to guarantee a retirement lifestyle that you have been planning for? Would it interest you to know there is an investment […]

Indexed Universal Life Insurance (IUL) for Pediatricians

IUL for pediatricians

An Indexed Universal Life Insurance policy (IUL) is a permanent life insurance product with flexible premiums which contains a life insurance component and an investment component. Similar to other cash value life insurance, your premium is deposited in a cash account in your policy that is used to pay policy charges and fees, and then […]

IUL for Dermatologists | Yes or No?

IUL for Dermatologists

Like most medical professionals, dermatologists frequently face challenges with retirement planning because of the restraints placed on traditional retirement vehicles by the IRS. Whether medical professionals are contributing to a 401k or IRA the annual limit on contributions will likely have a negative impact on reaching the financial goals needed to live the lifestyle you […]

Indexed Universal Life (IUL) – Safe Solutions for Anesthesiologists

indexed universal life anesthesiologists

Many people who interact with an anesthesiologist (especially surgical patients) are not aware of how important their service is and that they are paid very well for keeping us asleep or numb during times of physical trauma. Anesthesiology is a specialty that requires considerable training and education. In most cases a candidate for this specialty […]

IUL for Cardiologists

IUL for cardiologists

Indexed Universal Life Insurance (IUL) is just one of many vehicles that are used in a comprehensive retirement plan. Yes, the IUL product is a life insurance product, but most of our physician clients who purchase an IUL, do so for retirement planning. Here, we’ll consider IUL for Cardiologists. We find in many cases that […]

Indexed Universal Life Insurance for Physicians

Indexed Universal Life for Physicians

High-income professionals like our physician clients have distinctive challenges to deal with when planning and saving for retirement. Most of our physician clients express their intent to live a lifestyle similar to the lifestyle they enjoyed when their practices started flourishing and the loans that were required to establish their practice were finally paid off. […]

Kai-Zen Premium Financing

Kai-Zen premium financing

Kai-Zen (meaning change for good) is a strategic method that enables you to continue a lifestyle that you enjoy if you were to unexpectedly come down with a chronic or critical illness, unexpectedly die, or are unable to save enough money for a comfortable retirement. In many cases, traditional retirement plans that are generally limited […]

Simplify Your Retirement with the IUL

Simplify your retirement with IUL

Unless you think you can live on Social Security, you’re likely saving in some fashion for retirement. The simple question for savers is: “are you aware of all the options available to you?” It’s important that you understand “how you save” is just as crucial as “how much you save” so understanding your options is […]

IUL versus Whole Life | Product Comparison

LIRP index options

As investors become more conservative after so much volatility in the market, many are turning to a tax-deferred saving strategy which typically leads to a cash value life insurance product. Life insurance products like Whole Life insurance and Indexed Universal Life (IUL) have begun to establish a significant foothold in the marketplace even though there […]

IRA to IUL Conversion | Similar to a Roth Conversion

IRA to IUL conversion featured image

Are you familiar with Roth IRA conversions? You can take advantage of the enormous potential of indexing to grow and develop your funds safely Take advantage of tax-free income via policy loans Take advantage of access to your funds without the impact of a market value adjustment. Create and leave a financial legacy for your […]

Roth IRA vs. Indexed Universal Life | What’s the Best Choice?

indexed universal life vs 401k

Every financial planner you speak with is going to be adamant about how retirement planning is critical for all of us to maintain our financial security and plan for a standard of living that is realistic. And, we can certainly agree that the majority of Americans are concerned to some extent that they will be […]

The Term Life Insurance Conversion Option

the term life insurance option

With Term Life Insurance rates being lower than ever before, there’s no wonder that so many policies are sold today, especially for consumers who need a very large death benefit in order to replace their income. Term life insurance rates are much lower than whole life, indexed universal life and universal life because the mortality […]

Best Indexed Universal life (IUL) Companies in 2020

indexed universal life

Indexed universal life insurance was created back in 1997 by Transamerica.  We now have more than 20 years of IUL history to draw from. We are still excited about using indexed universal life insurance as a way to accumulate cash on a tax-deferred basis and take an income stream on a tax-free basis. We have […]

LIRPs for the Average Joe

LIRPs for average joe

You are probably reading this because someone suggested that you look into a LIRP to help with retirement planning. It was probably an insurance agent with a tax-free retirement pitch. We feel that LIRPs or better known as a Life Insurance Retirement Plan can be a great supplement to your retirement income. Historically, LIRPs have […]

The Pros and Cons of Life Insurance Retirement Planning (LIRP)

LIRP pros and cons

As we have mentioned before and will discuss again, a life insurance retirement plan or LIRP is a robust financial planning vehicle used by consumers of all walks of life to build their own private pension plan.  With the uncertainty of social security and fewer and fewer employer sponsored retirement plans, a LIRP is a […]

IUL – Used For Retirement?


Shopping for life insurance coverage, specifically indexed universal life insurance, can be a tough decision. When you decide to use IUL for retirement planning, you are usually making a choice that will last a lifetime. There are many companies offering indexed universal life insurance.  With so many IUL plans to choose from, you really need […]

The Ultimate Guide to Indexed Universal Life Insurance

Ultimate IUL Guide

Transamerica introduced the first Indexed Universal Life (IUL) insurance in the late 1990s, and since then it has grown to be over 50% of all of the Universal Life insurance premium in force and over 20% of the total premium for individual life insurance.  While Indexed Universal Life insurance or IUL has become a widely […]

Midland National Life Insurance Company | Review

Midland National Life Insurance Company | review

With the vast amount of life insurance companies available today providing coverage, it can be overwhelming when shopping around for life insurance. An insurance company that manages to stand out from the rest is Midland National Life Insurance Company.  Known for their quality coverage, commitment to their policyholders, and financial strength, they have become a […]

National Life Group | Company Review

National Life Group

Our review of National Life Group for 2019. When searching for the most appropriate and beneficial life insurance policy, it’s important that you find adequate coverage at an affordable price.  Other important factors that you want to keep in mind are the life insurance carrier’s financial stability and strength because this demonstrates a company’s ability […]

Should You Replace Your Life Insurance Policy?

life insurance policy replacement

Should you replace your life insurance policy? Your current term life insurance policy is running out and premiums are increasing You had a baby You bought a new home and have more debt You are retiring You find a cheaper policy You quit smoking or using tobacco Your health has improved since you purchased your […]

Suze Orman is wrong about life insurance

Suze Orman is wrong about life insurance

As an insurance professional with over 25 years experience in the industry, I often have to chuckle and grin when I come across pages of advice from so-called financial advisors/TV personalities like Suze Orman.  Suze has a true dislike for whole life and IUL insurance.  We agree that whole life insurance and indexed universal life […]

Dave Ramsey May Be Wrong About Life Insurance

what Dave Ramsey says about indexed universal life

For those of you familiar with Dave Ramsey and his opinions about life insurance, you may find it interesting that he’s not licensed to sell life insurance.  It is kind of funny when people ask me if we have The Dave Ramsey Life Insurance plan? Since Ogletree Financial is a life insurance broker for all […]

Debunking the myth that IUL is expensive

is iul expensive

“ Life Insurance – The Most Expensive, can be the Best Life Insurance you can Buy!” A great example from Louis Labash on just how expensive IUL really is.  Once you understand what indexed universal life insurance is all about, you will be able to make better choices. Meet Joe, he is Considering buying Life […]

4 Reasons to Buy IUL In Your 20’s – 30’s – 40’s or 50’s

life insurance for spouse

Life insurance is one of the best products that you’ll ever purchase for your family, but it may not be one of the best investments that you’ll ever make. It can be confusing because of all the different options available. The life insurance market is constantly changing, and there have been several new kinds of […]

4 key features of Indexed Universal Life for College Planning

indexed universal life or a 529 plan

There are many reasons that you may plan for your death, one being the provision of an income for those that you love so that they are able to maintain their standard of life. There are different types of life insurance but typically the common goal is this death benefit protection. Many people are surprised […]

Indexed universal life or a 529 plan?

indexed universal life or a 529 plan

Even in this age of online education and wild business success stories told by dropouts who are making millions, nothing can beat a good, well-rounded college education. Sadly, nothing can beat the prices of a good, well-rounded college education either. College tuition is rising steeply and there’s no sign the climb will stop. You may […]

Using indexed universal life for executive bonus plans

indexed universal life for executive bonus plans

In today’s world, changing jobs is not a monumental undertaking. The concept of staying at one job for 30-years is pretty are. In fact, the average person will change jobs anywhere from 10 to 15 times during their career. Most Americans works will spend less than five years at every job. If you’re looking for […]

Should I Buy Indexed Universal Life?

buy insurance online

When you’re shopping for life insurance, there is no shortage of options. In fact, most people would say there are way too many. One option is to buy an indexed universal life insurance plan. These policies have several unique benefits that are not offered by another type of life insurance plan. One question I get […]

Little known secret to get more pension income at retirement

more pension income at retirement

Life insurance can be a complex and confusing purchase. There are dozens of reasons people buy life insurance. It can fit many needs and goals. For a long time, life insurance has been used in pension planning. When deciding what pension option to take, many times life insurance can pay a huge role. Using life […]

Indexed universal life vs. buy term and invest the rest

buy term and invest the rest

In the retirement planning marketplace, the ‘indexed universal life insurance vs. buy term and invest the rest’ debate continues. The proponents of indexed universal life (IUL) are typically insurance and retirement planning professionals. The proponents for ‘buy term and invest the rest’ are typically media personalities that believe in living debt-free and are selling some type […]

Funding buy sell agreements with indexed universal life insurance

buy sell agreements with indexed universal life

Previously on this blog, we’ve touched upon using indexed universal life for some seemingly unconventional purposes such as retirement planning and mortgage protection. One of the other things indexed universal life insurance policies are commonly used for is funding buy-sell agreements between two business owners. Let’s examine some reasons why more business owners should follow […]

IUL at 35: Why it Makes Sense

IUL at 35: why it makes sense

Wow! How time flies! Seems like just yesterday that the real world would open its doors and say here I am, come and get it. Well, age 35 in my opinion is still young. For those that have been slow to find their perfect fit in this land of opportunity, time is still on your side, especially when […]

3 Great Reasons to Buy Indexed Universal Life When You are 50

3 Great reasons to buy Indexed Universal Life when you are 50.

Life insurance is one of the best investments that you’ll ever make for your loved ones. It’s one of the only ways that you can ensure that your family has the money that they need, even if something tragic were to happen to you. While life insurance makes an excellent safety net, there are a […]

Indexed universal life at age 44 – Great Deal

Indexed Universal Life at age 44 - great deal

Life insurance is one of the most important purchases that you’ll ever make for your loved ones. It’s one of the only ways that you can ensure that your family will have the money that they need, even if something tragic were to happen to you. There are a lot of people that want to […]

Indexed Universal Life Insurance at 43 – Never Too Late

Keys to getting life insurance after heart bypass surgery

Tony and Gwen purchased indexed universal life insurance also known as IUL insurance at age 43, here is why… Tony was 43 years old when his oldest brother passed away.  That day, Tony knew he and his wife Gwen needed some life insurance.  The death was sudden; it was nothing any one in his family […]

Indexed Universal Life at age 42 – Go For It!

Indexed Universal Life at age 42 - go for it!

When you’re looking to buy life insurance, it can be a confusing and frustrating process. There are several different types of plans that you’ll need to choose from. At Ogletree Financial, we want to provide you with all of the info you need to make wise insurance decisions. When purchasing indexed ul for supplemental retirement […]

Indexed UL at 40? You Bet!

Indexed UL at 40 - you bet!

Life happens. Fast. One day you are making decisions on a career after high school and the next you are discussing a budget for the quickly approaching retirement years. Between a mortgage, a couple vehicles, and raising children, life insurance can easily be pushed to the side in order to spend money elsewhere. Before you […]

Where Is The Cheapest Place To Buy IUL?

Where is the cheapest place to buy IUL?

Where is the cheapest place to buy IUL? I get this question from time to time when working with my clients.  The answer may surprise you.  Sometimes the cheapest policy may not be the best.  Sometimes policy with more expenses performs better than a cheap indexed universal life insurance policy.  If you consider the premiums […]

Indexed Universal Life for Mortgage Protection?

Indexed Universal Life for mortgage protection?

Life insurance is one of the best safety nets that you could ever buy for your family. It’s one of the only ways that you can ensure that your loved ones have the money that they need, regardless of what happens to you. Life insurance has changed drastically since the idea was born. There are […]

Should I Buy Indexed Universal Life Insurance At Age 45?

Should I buy Universal Life Insurance at age 45?

I am 45 years old, would I buy it at 45?  You bet I would.  Fortunately, I started buying permanent life insurance when I was 25 years old.  I bought whole life insurance.  I was married and had no children at the time so I bought a $100,000 whole life policy in addition to a […]

Life Insurance with Living Benefits

life insurance with living benefits

Why you should consider life insurance with living benefits. Buying a life insurance policy can be a confusing process, there are dozens of different kinds and plans to choose from. Additionally, there are different advantages that you’ll need to consider. It can be hard deciding which one is best for you. When purchasing life insurance, […]

Indexed Universal Life Insurance At Age 41 – Smart Move

Indexed Universal Life insurance age 41

Here at Ogletree Financial, we get a lot of questions every year. Some of them are easy to answer, while others are a bit more complicated. There are a lot of questions surrounding indexed universal life insurance plans. It’s vital that you understand the policies and all of your options to ensure that it has […]

Advantages And Disadvantages Of Indexed Universal Life

burial insurance coverage

When you’re looking to get life insurance, there are dozens of different factors that you’ll have to consider to ensure that you’re getting the best plan to fit your needs. There are several kinds of plans that you can compare, each of them has different advantages and disadvantages that you’ll need to weigh when deciding […]

Is Indexed Universal Life A Good Investment?

Is indexed universal life insurance a good investment

Life insurance is one of the most important purchases that you’ll ever make for the future of your family. It’s one of the few ways that you can ensure your family’s protection, regardless of what happens to you. When you’re looking to get life insurance, there are dozens of different kinds of policies that you’ll […]

How to Use Indexed Universal Life for Long-Term Care Insurance

Life insurance at 70: Still within your reach.

Life insurance is one of the single most important purchases that you’ll ever make for your loved ones. It’s one of the only ways that you can ensure that your family is going to be taken care of, regardless of what happens to you. Without proper life insurance, your family would be left with thousands […]

Imagine what you didn’t know about a Roth IRA

Life insurance at 36

Most of you out there have heard about a Roth IRA. It is one of the most popular retirement savings options available today. When you set up a Roth IRA, your contributions are made with after-tax dollars and your withdrawals after 59 ½ are income tax-free. This is completely opposite from the traditional IRA where […]

Indexed Universal Life or a 401k? [Which is Better in 2020]

Indexed universal life or a 401k?

Have you ever stopped to wonder if all that money you’re putting into your 401k is really the best thing you can do to make sure that you have enough money to retire on? Will you outlive your money? Is your savings safe from another market downturn? Indexed universal life or a 401k?       […]