Benefits of Indexed Universal Life: Indexed life is a permanent life insurance policy. The policy builds cash value over time. The policy’s cash value’s growth is determined by the company’s growth and annual dividend. Indexed Universal Life offers an alternate retirement plan offering tax-free loans.
Potential Pitfall: Indexed Universal Life Is a more sophisticated product and harder to understand. Projected returns are not guaranteed.
Summary: Indexed Universal Life insurance certainly has a place for certain people and specific times in their lives. We welcome your questions about Indexed Universal Life.