Join product guru Stephan Mitchell for a short deep-dive into indexed universal life insurance. Index Universal life insurance Index Universal Life Insurance (IUL) is an insurance product that combines the death benefit protection of traditional life insurance with the potential cash-value growth of a permanent policy. By using stock index performance, these policies provide competitive returns without the risk of directly investing in the stock markets. IULs are flexible, adjustable, and offer a variety of features and riders. At the core, the policy provides a death benefit for your beneficiaries. If you have children or grandchildren, the death benefit can also be used to pay for college, a wedding, or other major milestone events. As long as you pay the required premiums, the death benefit is guaranteed. In addition to death benefit protection, IULs offer a tax-deferred investment component, which may give you the opportunity to build wealth for retirement. As the policyholder, you can allocate money from the premiums to your desired investment account, from which your premiums’ returns are based on the S&P 500 index. The S&P 500 index is used because it reflects overall stock market trends, while also diversifying against potential losses. Additionally, IULs provide many features to protect your initial investment from the effect of poor stock market performance. These features include loan options, no-lapse guarantees, and Verdict, among others. IULs generally last for the policyholder’s entire life and offer flexibility in the form of premium payments – some policies allow you to skip payments or reduce payments in times of need. This can be very beneficial during life’s financial pivots – such as a job loss, a divorce, or an economic downturn. Index Universal Life Insurance is a great solution for those who need protection but also want the chance to grow their money. While IULs can provide a great hedge against unexpected life events, they must be used responsibly. Make sure you understand the costs associated with the policy, and take some time to think through the investment options and features available with an IUL before making a purchase.

You might be interested in Indexed Universal Life Insurance, a type of insurance product that combines the death benefit protection of traditional life insurance with the potential cash-value growth. It uses stock index performance to provide competitive returns without the risk of directly investing in the stock markets. Speaking of stock markets, they can be unpredictable, which is why Indexed Universal Life Insurance offers features to protect your initial investment from poor stock market performance. Additionally, you can allocate money from the premiums to your desired investment account based on the S&P index. This insurance product