RP Legal LLC Is Investigating IUL Sales Pitched as Tax-Free Retirement or Investment Income Plans
Across the country, insurance agents and financial advisors have been urging clients to move their retirement savings, including IRAs and 401(k)s, into Indexed Universal Life (IUL) insurance policies. These strategies are often marketed as “IRA Reboot,” “IRA Rescue,” or “Tax-Free Retirement Income” plans.
RP Legal LLC is actively investigating cases where consumers were advised to liquidate retirement accounts and reposition those funds into an IUL based on promises that the policy would outperform traditional investments, create tax-free lifetime income, or serve as a superior retirement plan.
If you transferred retirement funds into an IUL policy and the results do not match what you were promised, you may have a claim.
Common Red Flags in IRA-to-IUL Sales
Many victims report being told:
- Their IRA or 401(k) could be turned into a permanent, tax-free income stream
- The IUL policy would pay for itself after a few years and never lapse
- The IUL offered guaranteed growth with no risk of market losses
- Life insurance was a better retirement plan than mutual funds or traditional investments
- The strategy was IRS-approved and fully legal for retirement purposes
- There was no need to consult a CPA or independent financial advisor
In many cases, these pitches came from insurance agents pretending to be financial advisors, without proper licensure or fiduciary responsibility. Clients were led to believe they were working with trusted retirement experts when, in reality, they were being sold a high-cost life insurance product with complex risks and no guarantees.
Why These Policies Collapse
Policies sold through these IRA-to-IUL pitches often fail because of:
- High internal costs and hidden fees
- Declining cap rates and crediting limits
- Unrealistic illustrations based on outdated assumptions
- Loan strategies that quickly become unsustainable
- No backup plan if the policy underperforms or market conditions change
The end result is a failed policy, a drained IRA, and no reliable retirement income.
RP Legal LLC Represents Victims Nationwide
With nearly a decade of focused experience, RP Legal LLC is the leading firm in the country handling litigation against insurers and agents who promoted these strategies. Our firm has recovered tens of millions for clients who trusted misleading retirement income promises based on IUL policies.
We are currently investigating cases involving:
- Pacific Life
- Allianz
- National Life
- Nationwide
- Mutual of Omaha
- Transamerica
- World Financial Group (WFG)
- Brokers using marketing programs like “Roth Reposition” or “IRA Reboot”
If you were convinced to reposition your IRA or 401(k) into an IUL policy and are now facing unexpected loan balances, reduced income, or policy failure, you may be entitled to compensation.
Contact RP Legal LLC today at (803) 805-7546 for a confidential policy review.