Universal life insurance is a type of flexible life insurance offering the low-cost protection of term life insurance as well a savings element (like whole life insurance) which provides a cash value buildup. The death benefit, savings element and premiums can be reviewed and altered as a policyholder's circumstances change.
Indexed Universal Life insurance is a great way for your clients to supplement their retirement or other savings goals. IULs offer tax-deferred cash accumulation with NO market-based risk, tax-free income through policy loans and withdrawals, and tax-free death benefit protection for heirs. Indexed Universal Life is a great way to protect your clients' savings from taxes while providing them will supplemental retirement income for their entire lifetime.
