Indexed Universal Life policy is one kind of permanent insurance, where it’s performance depends on the S&P 500 type market index. This kind of policy is a great fit for those candidates who are interested in securing their families future financially.
IUL policies build the cash value overtime, and a person has an ability to borrow loan against the built cash value. For instance, if a candidate likes to support their kid’s education cost down the road; they may have ability to do so through purchasing IUL policy.
Also, this type of policy creates an affordable premium by locking premium cost for their clients. Another good advantage is these type of policies cash values remains secure during market downturns situations.
