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What is Indexed Universal Life (IUL)?
Indexed Universal Life (IUL) is a type of permanent life insurance policy that combines elements of traditional universal life insurance with the potential for cash value growth linked to the performance of specific stock market indices, such as the S&P 500. Indexed Universal Life offers policyholders a combination of insurance protection and a savings or investment component.
What is the difference between Standard Universal Life and Indexed Universal Life?
The main difference between Standard Universal Life and Indexed Universal Life is how cash value accumulates and the level of market exposure. Standard UL policies offer more stability with lower returns, while IUL policies provide the potential for higher returns but come with greater market risk. The choice between the two depends on your risk tolerance, financial goals, and the level of market participation you desire in your life insurance policy. We can help you determine which type of policy is the best fit for your needs.