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Indexed Universal Life

YOU

Flexible coverage with potential cash value growth

LONG STORY SHORT:

Indexed universal life insurance provides permanent life insurance protection, cash-value accumulation, and growth – via fixed and indexed accounts. Referred to as an advanced life insurance product.

THE LONG STORY:

LET'S BREAK IT DOWN

  • The policyholder makes a premium payment. 

  • Policy fees are paid. 

  • The remaining premium amount is placed in cash-value accounts. 

  • The life insurance company credits the cash-value accounts with interest. 

  • Policy loans or withdrawals can be utilized.

  •  Death benefit is paid to beneficiaries upon the death of the insured. 

Who would benefit from an IUL?

Income Replacement

Remember, fundamentally, indexed universal life provides life insurance protection for the insured.  In the event of the insured’s death, the death benefit is often structured to replace income – giving peace of mind to those who depend on the insured financially.

Estate Planning

The death benefit of an indexed universal life insurance policy provides liquidity. In other words, immediate funds are available to the beneficiary to cover estate expenses:

 

  • Taxes 

  • Purchase assets from estate 

  • Lend money to estate

Business Owners

IULs often meet the particular life insurance needs of business owners.  Specifically, indexed universal life insurance can fund:

 

  • Key person insurance

  •  Buy-sell agreements 

  • Executive bonus plans

 

As a business owner, an IUL may be an excellent option to safeguard your business if a key employee dies, a major shift in your business occurs, or to financially reward specific important employees.

Generational Wealth Transfer

A wealth transfer involves strategically passing assets from one generation to the next. If you have assets you would like to pass on to your children or grandchildren, an IUL provides a tax-advantaged vehicle for doing so.

Finance Major Purchases

IUL policy loans are often an excellent option to finance major purchases. Usually, the interest rate on the loan is lower than what you would find with a personal loan, and especially credit cards.

 

  • Home improvement 

  • College tuition 

  • Car purchase

  •  Down payment on a home 

  • Vacation

Retirement Income

Traditionally, retirement has been financed through a few main sources:

 

  • Pension or 401k 

  • Social security 

  • Savings plans

 

Over time, indexed universal life insurance policies have become increasingly popular as an additional option for retirement income. A properly funded IUL supplements retirement through policy loans and withdrawals.

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