Is IUL Right For You?
Indexed universal life insurance is not a one-size-fits-all solution for all financial needs. But, while it may not be right for everyone, IUL could be a good fit for you if:
When determining whether indexed universal life is right for you, consider some factors before moving forward.
Top indexed universal life insurance benefits
IUL Growth and Performance
Protection Against Market Loss
IULs Impose No Mandatory Distribution Requirements
IUL & Taxes
Accessible Cash Value
Is IUL The Right Choice For You?
Negative features indexed universal life insurance
Cost of IUL
Taxation at Death and with Policy Cancelation
Increasing Mortality Charges
Front Loaded Fees And Costs
Surrender charges: percentage of funds forfeited if a policy is canceled or when loans and withdrawals are granted. Caveat! In some instances, partial removal can result in a reduction of the death benefit.