Index universal life insurance (IUL) provides valuable life insurance death benefits, in addition to building tax-deferred cash value that can be accessed for supplemental retirement income or other financial needs — without the risks of market volatility.
Americans are living longer, and that means they may need more cash to support their lifestyles and have more needs for asset protection. In addition to the expenses they expect, they will have to plan for the unexpected to ensure lasting comfort and care for the long term.
With an Index Universal Life (IUL) insurance product, your cash value follows the performance of market indexes — but your principal and interest earned are protected against losses if the market falls.
When the market grows, your cash value grows. If the market falls, your principal, and interest are safe.
Take advantage of stock market returns without the risk of loss.
In addition to death benefit protection, an IUL policy helps you build up a tax-advantaged cash value. There’s no limit to the number of premiums you can make, and there’s no set age requirement that restricts when you can start taking cash value out of your policy.