Indexed Universal Life (IUL) is a type of permanent life insurance that combines the death benefit protection of traditional life insurance with the potential for cash value accumulation based on the performance of a specific market index, often the S&P 500.
"Indexed Universal Life" (IUL) is a type of permanent life insurance that combines the death benefit protection of traditional life insurance with the potential for cash value accumulation based on the performance of a specific market index, often the S&P 500.
Unlike traditional universal life insurance that offers a fixed interest rate on the cash value, IUL provides the opportunity for higher returns linked to positive market performance.
However, to protect policyholders from market downturns, IUL policies typically include a guaranteed minimum interest rate, ensuring that the cash value won't decrease due to negative market performance.
Indexed Universal Life (IUL) is a type of permanent life insurance that combines the death benefit protection of traditional life insurance with the potential for cash value accumulation based on the performance of a specific market index, often the S&P 500.
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