It seems everybody loves IUL (Indexed Universal Life). What’s not to love? Unlike traditional whole life insurance, where interest is credited based on a declared rate determined by the insurance company, IUL interest is credited based on the performance of an index or indexes. And unlike variable universal life, IUL offers protection to the cash value. You’ve got upside crediting while protecting against market downturns. This has proven to be a winning formula in the current low interest rate environment.
Fox Business had this to say about IUL recently: “An emerging and fast-growing contract design — indexed universal life (IUL) — may come very close to being the ideal contract for most consumers in today’s interest and overall market environment.”
For more information on the I.U.L. contact 57Financial.