An IUL is a flexible life insurance policy that offers both death benefit protection and tax-advantaged growth potential. What makes it unique is that your money grows based on market index performance while having a 0% minimum guarantee, protecting you from market losses.

● Term life insurance provides coverage for a specific period but has no cash value.

● Whole life insurance offers guaranteed cash value growth and fixed premiums but less flexibility.

● Traditional universal life insurance allows flexible premiums but may not offer indexed growth.

● An IUL combines the flexibility of universal life insurance with the potential for market-linked cash value growth.

An IUL is ideal for individuals looking for life insurance with a long-term savings component, tax-advantaged growth, and the flexibility to adjust premiums. It can also appeal to those seeking supplemental retirement income.

An IUL is primarily a life insurance product that offers a death benefit. However, its cash value growth feature can also serve as a financial tool for wealth accumulation and supplemental retirement income

The cash value grows based on the performance of a selected stock market index, subject to caps, participation rates, and floors. You won’t directly invest in the market, but your growth is linked to its performance.

Indexing options allow you to choose how your cash value is credited based on the performance of market indices like the S&P 500. Each option has parameters like:

● Caps: Maximum return you can earn.

● Participation rates: The percentage of the index growth credited to your account.

● Floors: Minimum guaranteed return, typically 0%, ensuring no losses in a market downturn.

The cash value has a guaranteed minimum growth floor, usually 0%, protecting it from market losses. However, growth above the floor is not guaranteed and depends on the index's performance and the policy's terms.

The death benefit is the amount paid to your beneficiaries upon your death. IUL policies offer flexible death benefit options:

● Level death benefit: Fixed amount.

● Increasing death benefit: Combines the policy's face value with its cash value.

Yes, you can access your policy's cash value through loans or withdrawals, typically on a tax-free basis. However, loans accrue interest, and withdrawals may reduce the cash value and death benefit.

An IUL is a type of permanent life insurance that provides a death benefit while allowing you to build cash value over time. The cash value growth is tied to the performance of a stock market index, such as the S&P 500, offering potential growth with downside protection.

Yes, IUL policies have fees, including administrative charges, cost of insurance, and fees for riders. These are deducted from premiums or the cash value.