Indexed Universal Life (IUL) insurance is a type of permanent life insurance policy that offers both a death benefit and a cash value component. IUL policies are tied to a stock market index, such as the S&P 500, and offer the potential for higher returns than traditional universal life policies.
IUL insurance can be a good option for those looking for the potential for higher returns on their life insurance policy’s cash value, while still providing a death benefit for their loved ones. However, it’s important to carefully evaluate the costs and benefits of an IUL policy and compare it to other types of permanent life insurance policies before making a decision.