IUL is permanent life insurance that lasts your entire life and builds cash value by investing in stock index-linked sub-accounts.
IUL policies allow adjustments to premiums and death benefits, though increasing coverage may require a medical exam.
Cash value in IUL can grow through a fixed interest rate or by tracking stock and bond indexes. Funds can be allocated to fixed, indexed, or both accounts.
Interest earned is influenced by market performance, with caps limiting max earnings and floors ensuring minimum rates. The participation rate impacts credited gains.
Pros: Flexible premiums/death benefits, potential market-linked returns, tax-deferred growth.
Cons: Market volatility risk, need for active management, capped returns, possible fee increases.
Protect your loved ones with the right life insurance! Ensure financial security and peace of mind for your family. Get a personalized quote today and take the first step toward a safer future.