Universal Life

A universal life policy is another type of whole life policy that remains for the insureds entire life. The main difference between the two whole life policy types is universal life policies follow market trends for higher potential cash value gains over time, whereas regular whole life policies do not, leading to predictable cash value growth.

Indexed Universal Life

Indexed universal life (IUL) insurance is a flexible, permanent life insurance product that combines lifelong coverage with a cash value component tied to a market index, like the S&P 500. Your cash value grows tax-deferred based on index performance, with a cap on gains and a floor to protect against losses. IUL allows adjustable premiums and death benefits, offering potential for wealth building and tax-free loans, but comes with higher fees. Ideal for estate planning or retirement, it balances growth and security.

Variable Universal Life

Variable Universal Life (VUL) insurance allows for the policy owner to have more control over how the money is invested by adjusting their premiums, and even deciding themselves where their money ends up in the market, however, there is no investment floor to protect against potential losses. Therefore, the risk is higher and this option should only be considered if the policy owner understands investing strategies very well.