Indexed Universal Life A 21st Century Product for a 21st Century Life
Indexed universal life has potential for healthy gains in cash value that can be significantly larger than those possible with many other insurance products including traditional UL and Whole Life.
Policyholders get the benefit of a crediting floor, typically 0% or 1% so the existing cash value is protected from losses in a down market segment.
The cash value accumulates tax-deferred and the death benefit is tax-free for beneficiaries. Loans made against the policy are also tax-free in many cases. Premiums are paid with after-tax dollars, so partial and full withdrawals (up to the amount of premiums paid) are tax-free too!
One of the key benefits to the IUL is its flexibility. This allows the product to be tailor made to fit a vast number of financial, family & business planning needs. Premiums, benefits & riders can be structured to meet a clients needs for a wide range of scenarios.