You haul the loads that keep FL moving. Your income deserves protection — and your future deserves a tax strategy. IUL, life insurance & health coverage designed for CDL drivers and owner-operators in the I-95 and Turnpike freight corridor.
Most insurance products are built for W-2 employees with HR departments. If you're an independent owner-operator or 1099 driver in Broward County, you don't have an employer covering your benefits — which means you're on your own for health coverage, income protection, and retirement. The good news: the tax advantages available to self-employed drivers are significant, and most drivers in the I-95 and Turnpike freight corridor don't know they're leaving money on the table.
As an independent broker, we build a complete coverage strategy — not just one product — for CDL drivers, owner-operators, and long-haul truckers throughout Broward County.
Indexed Universal Life is the #1 wealth tool for high-earning owner-operators. Your money grows linked to the S&P 500 with a 0% floor — you never lose on a down year. Withdrawals in retirement are tax-free. Think of it as a 401(k) without the IRS restrictions.
If you gross $80K–$150K hauling freight and something happens to you, your family loses everything. A 20-year term policy at $500K–$1M costs $40–$90/month for most drivers under 50. This is non-negotiable coverage.
No employer health plan? STM gives you major medical coverage with low premiums while you evaluate ACA options. Ideal for drivers who are between jobs, transitioning to owner-operator status, or simply want flexible coverage.
If you're clearing $80,000–$200,000 as an owner-operator, you're likely paying 25–37% in federal taxes. An IUL policy lets you:
Your cash value grows with the S&P 500 index — but with a 0% floor. In 2022 when markets dropped 18%, IUL holders lost nothing. In 2023 when markets gained 24%, they captured most of that gain.
Unlike a 401(k), you can access your IUL cash value at any age without IRS penalties. Take a tax-free loan at 60, 55, or even 45 if you retire early. No RMDs. No forced withdrawals.
It's still life insurance. Your family gets the full death benefit tax-free if something happens to you. You're building retirement wealth and protecting your family simultaneously.
Income: $110,000/year | IUL Premium: $600/month
After 20 years: ~$280,000+ in tax-free cash value (based on 6% avg. index credit)
Death benefit: $750,000 protecting his family from day one
| Product | Age | Coverage | Est. Monthly |
|---|---|---|---|
| Term Life | 35 | $500K / 20yr | $38–$55/mo |
| Term Life | 45 | $500K / 20yr | $78–$110/mo |
| IUL | 35 | $500K + cash value | $300–$500/mo |
| IUL | 42 | $750K + cash value | $500–$800/mo |
| STM Health | Any | Major medical | $150–$350/mo |
* Estimates for non-tobacco males in average health. Actual rates vary. IUL illustrations based on 5.5–6.5% avg. index credit. Call for your personalized quote.
Serving Fort Lauderdale, Pompano Beach, Deerfield Beach and all of Broward County. We understand the 1099 life. No jargon, no pressure — just the right coverage and the right tax strategy for your income.