Like all universal life insurance, Indexed Universal Life allows you to choose the policy features that are most appropriate for you and to adjust those features as your financial priorities and needs change. It offers…
- A death benefit paid to your loved ones generally free from federal income taxes.
- The flexibility to determine the amount and timing of premium payments.
- The flexibility to increase or decrease the face amount after issue.
- The flexibility of tax-deferred growth of policy cash values, which may be used to pay for monthly costs of insurance or accessed via policy loans and withdrawals to use as you wish.
Unlike other interest-earning life insurance policies, however, Indexed Universal Life offers interest linked to a stock market index – without the risk of investing directly in the market.
With its combination of life insurance coverage, guarantees, flexibility and opportunity for index-linked growth, Indexed Universal Life is an excellent choice for life.