Indexed Universal Life (IUL) is a type of life insurance that combines flexible premiums and an interest-earning cash value based on a stock market index, like the S&P 500. The cash value grows based on index performance but is protected by a floor, ensuring no losses if the market drops.
IUL policies appeal to those seeking growth potential without full exposure to market risks. They provide life insurance protection and a chance for cash value growth tied to the market, making them a versatile option for long-term retirement planning.
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