How can life insurance help you plan for retirement?
It's easy, when you see all the benefits of indexed universal life (IUL), a type of permanent life insurance.
The Benefits of Indexed Universal Life
- Lifelong coverage. Your policy covers you until the day you die, providing a guaranteed death benefit for your loved ones.
- Flexible payments. You can fund your policy in annual payments, all at once, or on a schedule that works for you.
- Cash value. An IUL policy accumulates cash value over time that you can withdraw or borrow against to help pay for your retirement.
- Tie your interest earnings to an index. If your index goes up, you get a higher percentage of interest credited to your cash value account. If your market index goes down, you lose nothing.