Indexed Universal Life (IUL)

IUL is short for Indexed Universal Life insurance, a unique life insurance policy combining lifelong protection with the opportunity to earn interest based on market performance. Key elements of an IUL policy include:

• Death Benefit: The amount paid to beneficiaries upon the policyholder's passing.
• Cash Value Accumulation: The policy's savings component, with growth potential tied to a market index.
• Index Crediting: Interest credited to the cash value based on the performance of a chosen index (e.g., S&P 500), subject to a cap and often a minimum guarantee.
• Flexible Premiums: The ability to adjust premium payments within certain limits.

IUL policies are designed for individuals seeking life insurance coverage and the potential for cash value growth tied to market performance.