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.

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

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.

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.

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

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.