Indexed Universal Life

Indexed Universal Life (IUL) is a unique type of life insurance policy that offers both financial protection and investment opportunities. Here's how it works:

Two Ways IUL's Can Help You Financially

Death Benefit: The policy provides a death benefit, ensuring your beneficiaries receive a sum of money if you pass away while the policy is active. This benefit can help cover expenses and provide financial security for your loved ones.
Savings and Investment Component: A portion of your premiums is invested in a stock market index, such as the S&P 500. This allows the value of your policy to grow over time, with the growth tied to the performance of the stock market index. If the index performs well, your policy's cash value can increase.

Living Benefits

IUL policies come with built-in living benefit riders. These allow you to access up to 100% of your death benefit while you're still alive if you're diagnosed with a chronic, terminal, or critical illness or injury. This feature offers financial flexibility during challenging times.

Key Features of IUL Policies

Flexible Premiums and Adjustable Death Benefits: Tailor your policy to suit your needs and budget.
Potential for Higher Cash Value Growth: Compared to traditional whole life policies, IULs offer greater growth potential.
Tax Advantages: Enjoy tax-deferred growth on the investment component and a tax-free death benefit.

Ways You Can Utilize an IUL

Retirement Income Supplement
Wealth Transfer/Legacy Planning
College Funding
Business Planning
Loan Collateral
Tax-Efficient Savings

Frequently Asked Questions

1. Am I eligible for an IUL?
Yes! Adults between the ages of 18 and 80 can qualify. Children as young as 14 days old can also be covered, up to 17 years old. For individuals over age 80, whole life insurance options may be available.

2. What if I have health conditions?
Having health conditions doesn’t necessarily disqualify you. We work with several of the nation’s top A-rated carriers who offer coverage for a variety of health situations. Our specialists can help identify the right carrier for your needs.

3. Is there a minimum contribution for an IUL?
No, contributions are flexible and depend on what’s comfortable and affordable for you. However, recommended minimums may apply depending on your financial goals. Our specialists can help tailor a plan that works for you.