Get IUL Insurance and Protect Your Family for Life.
Discover life insurance options tailored to your needs, family protection, and future planning. Pricing may vary.
Index Universal Life Insurance
An Indexed Universal Life Insurance (IUL) is a kind of life insurance that not only gives money to your family when you pass away, but also lets you grow money over time. The money you build up can grow based on how well the stock market does—but don’t worry, if the market drops, you won’t lose money. You can also use the money while you’re still alive, for things like retirement or emergencies. The longer you keep the policy, the more your money can grow. It’s a way to protect your loved ones and save at the same time.
Safe Growth
An IUL helps your savings grow based on how the stock market does. If the market goes up, your money can grow too. If the market goes down, your savings won’t lose value. It’s a safe way to build money over time.
Family Protection
If something happens to you, your IUL gives your loved ones a cash payout. This money can help with funeral costs, bills, or just keeping life going without extra stress.
Access to Cash
Over time, your policy builds cash value. You can borrow from it and use the money for things like retirement, medical bills, or emergencies—without giving up your coverage.
Feature | Term Life Insurance | Whole Life Insurance | Indexed Universal Life (IUL) |
|---|---|---|---|
Duration | Fixed-Term Coverage | Lifetime coverage as long as premiums are paid. | Lifetime coverage as long as premiums are paid. |
Ideal for | People who want to make sure their loved ones are protected until major responsibilities are handled. | Those interested in permanent insurance that also helps build wealth for the future. | Individuals seeking lifelong coverage with investment potential linked to market performance. |
Cost | Typically the least expensive option in the short term. | More expensive than term life due to lifetime coverage and cash value accumulation. | Can be expensive due to lifetime coverage and market-linked growth, but flexibility allows for adjusting premiums. |
Premiums | Generally lower than permanent policies. Fixed premiums. | Higher than term insurance, but fixed premiums. | Flexible premiums; can adjust over time. |
Death Benefit | Pays a death benefit only if the insured dies within the term period. | Pays a death benefit whenever the insured passes, regardless of age. | Pays a death benefit whenever the insured passes, with potential to increase based on policy performance. |
Flexibility | Low flexibility; once the term ends, coverage stops unless renewed. | No flexibility; premiums and death benefits are fixed. | High flexibility; can adjust death benefit, premiums, and cash value allocation. |
Cash Value | No cash value accumulation. | Builds cash value over time, grows at a guaranteed rate. | Cash value accumulation tied to stock market index. |
Policy Loans | No loans are available since there’s no cash value. | Loans can be taken against the policy’s cash value. | Loans can be taken against the policy’s cash value, which may be subject to interest and market performance. |
No flexibility after the term ends. | Policy Flexibility Over Time | No flexibility after the policy is in force. | High flexibility; the policyholder can adjust coverage and premiums as needed. |
Elisa Mroz
Life Insurance Specialist
Let’s connect and discuss some alternatives to protect you and your family from financial difficulties.
