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Indexed universal life insurance (IUL) and term life insurance are two different types of life insurance policies. Term life insurance provides coverage for a specific period of time, such as 10, 20, or 30 years. If the policyholder dies during the term of the policy, the death benefit is paid to the beneficiaries. If the policyholder outlives the term of the policy, the coverage expires and there is no death benefit. IUL is a type of permanent life insurance, which means it provides coverage for the policyholder's entire lifetime as long as premiums are paid. IUL policies also have a cash value component, which can accumulate over time based on a specified index, such as the S&P 500. The death benefit and cash value of an IUL policy can increase over time, but they are also subject to market fluctuations. In summary, term insurance is a less expensive option for temporary coverage, while indexed universal life insurance provides lifetime coverage with the potential for cash

Indexed universal life (IUL) insurance is a type of permanent life insurance that also has a cash accumulation component. The cash value of an IUL policy can accumulate over time based on the performance of a specified index, such as the S&P 500. The cash value accumulation is linked to the performance of the index and not directly invested in it. The policyholder can also make additional contributions to the policy to increase the cash value. One of the benefits of IUL is the potential for cash value growth that can be used for various purposes, such as supplementing retirement income, paying for education expenses, or providing a source of emergency funds. The cash value component also provides a death benefit to the beneficiaries in case of the policyholder's death. It's important to note that the cash value growth of an IUL policy is also subject to market fluctuations and caps on the index performance. It's also important to consider the fees associated with an I