Indexed Universal
UNIVERSAL LIFE
Flexible and Growth-Oriented Coverage
Indexed Universal Life (IUL) insurance offers a dynamic approach to permanent life insurance by combining flexible premiums and death benefits with the potential for cash value growth linked to a stock market index. This type of policy allows you to adjust your premiums and coverage as your needs change while benefiting from market-linked returns without the risk of direct market losses. Discover how IUL insurance can provide both protection and growth potential for your financial future.
What Can An IUL Policy
Do For You?
Flexible Premiums
And Coverage
Adjust your premium payments and death benefit amounts as your financial situation and needs change. This flexibility allows you to tailor your policy to fit your evolving life circumstances.
Market Linked
Growth Potental
Benefit from potential cash value growth tied to a stock market index, such as the S&P 500, while enjoying protection from direct market losses. Subject to policy caps and floors.
Financial
Flexibility
Enjoy permanent coverage for your entire life with the ability to modify your policy based on changing needs. Indexed Universal Life Insurance also allows you to cash value for loans or withdrawals.
FAQ
Common Questions About
Universal Life Insurance
? How does an IUL policy work?
An IUL policy provides flexible premium payments and adjustable death benefits. Part of your premium goes into the policy’s cash value account, which earns interest based on the performance of a specified stock market index. The policy has a cap (maximum return) and a floor (minimum return), ensuring you benefit from positive index performance while avoiding losses during market downturns.
? Are IUL policies a good investment?
An IUL can be a good investment for those seeking a combination of life insurance protection and potential cash value growth. It offers flexible premiums and the opportunity to earn interest based on market performance, with the added security of not losing money in a declining market.
? How can my policy be customized?
Your IUL policy can be customized through various options, including adjusting premium payments, modifying the death benefit amount, choosing different index options for cash value growth, and adding riders for additional coverage. This flexibility allows you to tailor the policy to fit your changing financial needs and goals.
? Can I withdraw money from my policy?
Yes, you can withdraw money from your IUL policy's cash value. Withdrawals are typically tax-free up to the amount of premiums paid into the policy. However, withdrawals may reduce the cash value and death benefit, and there may be fees or restrictions depending on the policy terms.
? Can I use my IUL to buy a house?
You can use the cash value from your IUL to fund a down payment or purchase a house. This can be done through withdrawals or loans against the cash value. However, taking money out may reduce the cash value and death benefit of the policy.
? How do I loan against my IUL?
To loan against your IUL, contact your insurance provider to request a policy loan. The loan amount is based on the available cash value of your policy. Interest is charged on the loan, and unpaid loans can reduce the death benefit and cash value.
Request Your Customized Quote
Whether you’re just starting out on your own or thinking about protecting your family, we’ll help you find a balance between financial protection and financial growth.
