Two halves of the same thing:
A pull-out with careful attention to avoiding load limitations won't pull the wings off - it may very well also not be possible in the altitude/time available (BAD)
A pull-out with a hard enough pull to avoid the ground in the altitude/time available may very well exceed the load limitations (also BAD). Or produce an accelerated stall (see Hawker Hunter air show crash - also BAD)
Takes fine judgement and ingrained knowledge of an aircraft's capabilities to thread that needle - in the middle of a "startle" event.