Indexed Univeral Life Insurance (IUL)

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Why consider Fixed Universal Life Insurance (FIUL)?

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  • Protection: Your beneficiaries get a death benefit that is generally income tax-free.

  • Accumulation Potential: Your policy's accumulation value may earn interest based on an external index or a fixed-interest option.

  • Tax deferral: Your policy's accumulation value grows tax-deferred. Meaning, you don't pay taxes until you make a withdrawal. This deferral allows your money to grow at a faster rate than a taxable product.  

  • Flexibility: As long as your policy is properly funded, you can pay premiums when you want and access your cash value through policy loans and withdrawals. 

You pay premiums as you like.

As long as your policy is properly funded, you can pay your policy's premiums when you want, and in the desired amount you choose. This can give you the flexibility to address other financial needs or unexpected expenses.

You can access your cash value.

Down the road, you can access your policy’s available cash value through income-tax-free loans and withdrawals for any purpose: helping fund a college education, supplementing your retirement income, and cover a medical expense. 

Your accumulation value grows tax deferred.

Your policy's accumulation value can earn interest based on the annual return of an external index. When interest is credited, it's locked in and continues to grow tax-deferred. And because you don't pay income tax unless you take money out of your policy, your accumulation value has more accumulation potential. 

Tailor your policy to your needs.

You can tailor your policy to your life's needs. You can add optional riders that offer chronic illness benefits, premium payment waivers, extra term coverage, and more. Your financial professional can help you determine which rider(s) may make sense for your unique financial needs, and also explain the cost(s). 

Your accumulation value is protected.

Although any indexed interest you receive is based on changes in an external index, you're not actually participating in the market. This means your cash value won't go down due to market volatility. 

Leave a legacy

Your beneficiaries get a death benefit that is generally income-tax-free. It can help cover funeral costs, medical bills, pay the mortgage, replace your income, and even ensure the continuity of a business if you pass away.