Index Universal Life Insurance
Add value to your finances and maintain lifelong protection.
What is Index Universal Life Insurance?
Index Universal Life (IUL) insurance is a type of permanent life insurance that combines the death benefit of a standard life insurance policy with a cash value component tied to a stock market index, such as the S&P 500. This means that the policy not only provides lifelong protection but also has the potential for cash value growth based on the performance of the chosen index.
When you avail this insurance policy, part of the premiums goes towards the death benefit, while the remaining amount is allocated to the cash value account - which withdrawals can be made, but may reduce the death benefit and incur fees.
Benefits
Premium payments and death benefit amounts based on your financial situation and needs which provides permanent life insurance protection.
Cash value growth linked to market indices can offer higher returns than traditional whole life insurance.
