Indexed Universal Life,
Simple, Smart Insurance Solution
Indexed Universal Life,
Simple, Smart Insurance Solution
What is Indexed Universal Life (IUL) Insurance?
Indexed Universal Life (IUL) insurance is a type of permanent life insurance that offers both a death benefit and a cash value component. Here's an easy-to-understand explanation.
Understanding IUL Insurance
Permanent Coverage
IUL insurance provides lifelong coverage, meaning it lasts as long as you live, as long as premiums are paid.
Cash Value Growth
Part of your premium goes into a cash value account. This account can grow based on the performance of a stock market index, like the S&P 500. However, your money is not directly invested in the market, so you won't lose money if the market goes down.
Flexibility
You can choose to allocate your cash value to either a fixed-rate account (with a guaranteed interest rate) or an indexed account (tied to a stock market index). You also have the flexibility to adjust your premiums and death benefit as your needs change.
Benefits of IUL Insurance
How IUL Insurance Differs from Other Types of Life Insurance
In summary, IUL insurance offers a blend of lifelong coverage, growth potential tied to market performance, and flexibility, making it a valuable option for those looking to secure their financial future and provide for their loved ones.
How IUL Insurance Differs from Other Types of Life Insurance
