Indexed Universal Life (IUL)
Indexed Universal Life (IUL) insurance is a unique kind of life insurance that offers both an opportunity to grow your savings and protect your loved ones. When premiums are paid, a portion can be allocated to a stock market index, enabling the policy to further grow. While your money isn't directly in the stock market, insurers typically ensure a floor of 0% and a growth cap, usually between 8-9%. Structuring the policy this way means you can benefit from the market's upside potential while insulated your loved ones against major downturns. Additionally, the growth within the IUL is tax-efficient, adding another layer of benefit. Essentially with an IUL, you get tax advantages, a change to grow your savings, and a safety net for your family, all bundled in one package.
Who is Indexed Universal Life (IUL) for?
IUL insurance is a two-in-one deal. It's life insurance that will help your family if something happens to you. Plus, it's like a savings jar that grows over time. This growth is tied to the stock market, but you won't lose big even if the market goes down. You can also adjust how much you pay based on your budget. If you're thinking about extra money for retirement without selling your stocks or touching your home's value, IUL is a good choice. It lets your money grow in a predictable way and gives you protection for your whole life.
Ensure your family is taken care of when it matters most.
Receive coverage for life that offers protection for you and your family in many different situations.
Build wealth with tax benefits by putting your premiums into assets of your choice.
Protect your initial investment while still enjoying consistent growth each year. Your growth is set within a specific range, usually capped at 9% and never drops below 0%, based on the performance of an index.