As it stands today, you might feel like you need an entire college course on life insurance to simply understand all the available options you have to consider.
Knowing the basics of indexed universal life insurance (IUL) in addition to the pros, cons, and alternatives is key to seeing if it is a right fit for your portfolio!
Indexed universal life insurance is life insurance with a cash value, meaning a portion of the policy has a cash value that can earn interest so long as premiums are paid.
The keyword to understand is “Indexed” meaning the cash value for the policy owner is determined by the stock index, such as the Dow Jones or NASDAQ (examples of indexes).
Additionally, flexibility is another advantage to consider as consumers are granted permission to adjust the death benefit and pay premiums with the cash value.