Indexed Universal Life Insurance Benefits
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Permanent Coverage As long as premiums are paid on time, you have coverage for the rest of your lifetime.
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Income tax-free death benefit, potential for tax-deferred cash value accumulation & income tax-free policy loans/ withdrawals.
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Early access to a portion of your death benefit in the event of a terminal or chronic illness.
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Unique option to change the premium payment amount, payment frequency and death benefit amount.
Indexed Universal Life
Indexed Universal Life is permanent, flexible insurance coverage. It includes the opportunity to adjust the premium and the death benefit, as well as accumulate cash value on a tax-deferred basis.
What it is
The money in a policyholder's cash value account can earn interest by tracking a stock market index selected by the insurer. If your policy also has a fixed-rate account, you can choose how much you want to go into each account.
How it works
The total cash value is credited with interest based on increases in an equity index (although your money isn't directly invested in the stock market). If you own an indexed universal life policy, you can likely borrow against the cash value accumulated in the policy. However, if you don't pay back your loans, they are deducted from the death benefit.