IUL: life insurance & wealth-building features.

An Indexed Universal Life (IUL) insurance policy isn’t just a tool for wealth growth—it also provides a death benefit that can protect your loved ones in the event of your passing. This unique combination of financial growth and life insurance protection makes IUL an attractive option for many individuals. (Death Benefit Protection in Indexed Universal Life Insurance)

Key Benefit: Death Benefit Protection 🏥

The primary purpose of any life insurance policy is to provide a death benefit, and IULs fulfill this purpose while offering additional flexibility for wealth accumulation. Here’s how it works:

• Guaranteed Death Benefit: Like all life insurance policies, IULs provide a death benefit to your beneficiaries. This benefit is typically tax-free and helps ensure your loved ones are financially protected after your passing.
• Adjustable Death Benefit: Some IUL policies allow you to adjust your death benefit over time. This flexibility means you can increase or decrease your coverage as needed, depending on your family’s financial situation or changing goals.
• Living Benefits: Many IUL policies offer living benefits, allowing you to access a portion of the death benefit while you’re still alive, particularly in cases of terminal illness or chronic health conditions. This feature provides added security and peace of mind during difficult times.

Bottom Line:

The death benefit protection offered by IULs ensures your family is financially cared for after your passing. Additionally, the ability to adjust coverage and access living benefits adds flexibility and peace of mind, making IUL a powerful and well-rounded financial tool for protecting both your life and legacy.