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Why you need index universal insurance

Updated: Feb 20, 2023


Index Universal Life (IUL) insurance is a type of life insurance policy that combines the death benefit protection of traditional life insurance with the potential for cash value growth tied to the performance of a market index, such as the S&P 500.

This type of policy is designed to provide policyholders with a balance of death benefit protection and cash value growth.

There are several reasons why someone might consider purchasing an IUL policy:

Flexible premium payments: IUL policies allow policyholders to adjust their premium payments to match their budget and financial goals. Potential for cash value growth: The cash value component of an IUL policy is tied to the performance of a market index, offering the potential for growth over time.

Guaranteed minimum interest rate: IUL policies typically come with a guaranteed minimum interest rate that ensures that the policy's cash value will grow at a minimum rate, even if the market index performs poorly.

Death benefit protection: Like any life insurance policy, an IUL policy provides a death benefit to the beneficiaries of the policy in the event of the policyholder's death.

Tax benefits: The cash value growth in an IUL policy is tax-deferred, meaning that policyholders can defer paying taxes on the growth until they withdraw the funds.


It's important to understand that IUL policies are complex financial products and may not be suitable for everyone. Before purchasing an IUL policy, it's recommended to consult with a financial advisor or insurance professional to determine if it is the right option for your specific needs and goals.


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