The idea of life insurance is to protect your loved ones (survivors) who might partially, or totally rely on you for income and security. This allows you to feel safe knowing that even if you die, everyone will be ok financially. The LiquidIUL.com account serves this idea quite well. The survivor benefit is usually quite generous and while it does work to protect your beneficiaries, it also serves another important function… it protects your retirement funds.
Since the foundation of an LiquidIUL.com account IS a life insurance policy, it should be noted that if you had taken out loans against your policy funds, your death benefit will automatically be used to pay off your loans, and the balance remaining will be paid to your beneficiaries.
Since you can never remove more than you actually have in your account, you will never leave your family with debt.
