An indexed universal life (IUL) insurance policy has a lot going for it, but it’s still not for everyone. If you’re on the fence about getting one, this comprehensive and unbiased resource can help you make the best decision.
IULs are getting a lot of attention because of their hybrid nature that lets you protect your family and earn from the market by way of their cash value feature. But is an IUL policy the best option for you?
You don't have to answer now. But if you're ready to do some due diligence before you take the leap, this website has all the info you'll ever need.
Indexed Universal Life has launched a series of tools and reports designed to help prospective policyholders like you in their decision-making. The topics it covers are varied, from common industry terms to indexed universal life insurance pros and cons. It pulls no punches.
According to the company, IUL insurance is a type of permanent life insurance that has a death benefit as well as a cash value component. The latter can be linked to stock market indices, giving it the ability to offer you a return whenever the market performs positively. But even if the market swings the other way, your principal will not incur a loss.
Despite these attractive features, IUL policies also have certain restrictions. For example, one factor that you should think about is the "cap" placed on returns. Another possible drawback is the number of fees that may be included in your premiums, such as commissions and administrative costs.
The complexity of IUL insurance is another factor that you'd want to take into consideration. If you're having a hard time getting a hang of the basics of the policy, it's a good idea to talk to a pro.
Indexed Universal Life's website allows you to connect with IUL experts in your locality. After entering a zip code, the system will pull up a list of advisors within and around your area.
Furthermore, the company has created a guide to help you choose the best IUL providers. Included in this material are the major factors that you must consider before making a decision, such as the carrier's reputation, the policy's index cap, and the associated fees.
Indexed Universal Life further stressed that purchasing an IUL policy is a long-term commitment. "Therefore, it is important to understand whether or not an IUL policy is right for you - and, if so, how your IUL policy should be structured to meet your specific needs," it explained on its website.
You don't need to rush, but you definitely need to do your homework. But fret not because Indexed Universal Life has made that task easier for you.
Before you sign the dotted line, remember to stop by https://indexeduniversal.life/iul-pros-cons/ first!