03 Sep Indexed Universal Life Insurance with Living Benefits
Indexed Universal Life Insurance with Living Benefits
Indexed Universal Life Insurance (IUL) is often praised for its flexibility and potential for cash value growth, but did you know it can also include Living Benefits? These are features that allow you to access a portion of your death benefit while you’re still alive, providing crucial financial support during difficult times. (Indexed Universal Life Insurance with Living Benefits)
Living Benefits are typically triggered by specific events such as being diagnosed with a terminal illness, chronic illness, or needing long-term care. In these situations, you can access part of your policy’s death benefit to cover medical expenses, home care, or other costs associated with your condition. This provides peace of mind knowing that your policy isn’t just for your heirs—it’s also there to support you during your lifetime.
IUL policies with Living Benefits combine the advantages of life insurance and long-term financial planning into one comprehensive package. You get the potential for cash value growth tied to a stock market index, a death benefit to protect your loved ones, and the added security of knowing you can access funds when you need them most.
Living Benefits make IUL policies a versatile tool in your financial planning arsenal, offering protection, growth, and flexibility all in one.
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