Indexed Universal Life - Cash Accumulation
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 IUL policy, as these can affect the overall return on investment.
Overall, IUL is a type of insurance that combines the death benefit protection of a permanent life insurance policy with the potential for cash value growth, but it's important to consider the fees and the risk of market fluctuations.
Comments
Post a Comment