INDEXED UNIVERSAL LIFE
Growth with Protection
Indexed universal life (IUL) insurance is permanent, which means it lasts your entire life and builds cash value. An IUL policy allows for some cash value growth through an equity index account, unlike other universal policies that only grow cash value through non-equity earned rates. Like with all universal life policies, once you've built up enough cash value, you can use it to lower or potentially fully pay for your premium without lowering your death benefit.
How does an IUL policy work?
As a type of permanent life insurance, indexed universal life insurance works similarly to universal life policies, except in the way they build cash value. IUL cash value allows for growth based on a stock index (a set grouping of various stocks) instead of only through non-equity earned rates. Like universal life, IUL offers the flexibility to adjust your premium as the cash value grows, with the potential to eventually achieve a zero-cost policy in which all premiums are paid for by your built-up cash value.
How is interest calculated on indexed universal life insurance?
IUL policies allow you to grow your cash value by putting a portion toward an equity index account like the S&P 500 or NASDAQ. Rather than only relying on non-equity earned rates, an equity index account grows based on the index of an entire market or market sector. The interest rate will still be variable, like with other universal life policies. And as with all universal life policies, your IUL cash value will have a minimum interest rate that it will always earn, regardless of market performance. Your IUL may also have an interest rate cap.
How can an IUL protect my family?
Customers should cover all their bases when preparing for the future. Should they pass away unexpectedly, they want their loved ones to receive death benefit to help replace lost income, pay off debt, or cover living expenses. Additionally, their policies could accumulate cash value that may be accessed in retirement to help meet their needs.
Safeguard your financial growth and unlock dynamic benefits of an IUL TODAY
Mailing Address: 101 Belmont St #79035
Saginaw, TX 76179
Email: info@pntfinancialservices.com
Call (972) 848-8510
