D Ellis & Associates Indexed Universal Life Insurance: Investment & Protection options
Indexed Universal Life Insurance
Indexed Universal Life Insurance, IUL, is a unique and not-for-everyone type of option to consider. It provides excellent growth potential and saving while providing critical life insurance coverage. Indexed universal life (IUL) policies let the policyholder decide how much cash value to assign to either a fixed account or an equity-indexed account. Policies offer a variety of well-known indexes, such as the Nasdaq-100 or the S&P 500.
IUL insurance policies offer tax-deferred cash accumulation for retirement while maintaining a death benefit. People who need permanent life insurance protection but wish to take advantage of possible cash accumulation via an equity index might use IULs as key person insurance for business owners, premium financing plans, or estate-planning vehicles. IULs are considered an advanced life insurance productbut all agents at D Ellis and Associates are trained in these complex products and can show you how they provide valuable savings and protection. Some known advantages of the Indexed Universal Life policies are low price, and cash accumulation. Low price: The policyholder bears the risk, so the premiums are low. Cash value accumulation: Amounts credited to the cash value grow tax deferred. The cash value can pay the insurance premiums, allowing the policyholder to reduce or stop making out-of-pocket premium payments.
- Flexibility: The policyholder controls the amount risked in indexed accounts, and the death benefit amounts can be adjusted as needed. Most IUL insurance policies offer a host of optional riders, from death benefit guarantees to no-lapse guarantees.
- Death benefit: This benefit is permanent, not subject to income or death taxes, and not required to go through probate.
- Less risk: The policy is not directly invested in the stock market, thus reducing risk.
- Easier distribution: The cash value in IUL insurance policies can be accessed at any time without penalty, regardless of a person’s age.
- Unlimited contribution: IUL insurance policies have no limitations on annual contributions.
At D Ellis & Associates, our specialists are available to offer you customized IUL policies according to your needs.
Indexed Universal Life
Indexed Universal Life (IUL) insurance is a unique and versatile type of life insurance policy that combines the elements of traditional universal life insurance with the potential for cash value growth linked to the performance of a stock market index, typically the S&P 500. IUL policies offer policyholders flexibility in premium payments and the opportunity to accumulate cash value over time, tax-deferred.
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