Benefits&RisksExplained
Whilethinkingaboutlifeinsuranceis somethingyoumaynotwanttodo-itallows youtoprotectyourlovedonesfromfinancial hardshipuponyourdeath.
But,decidingwhichpolicyto buycanbedaunting.That’s wherethisguidefrom IndexedUniversalLife comesin.
Thecompanydiscusses thedifferencesbetween whole-lifeinsuranceand indexeduniversallife (IUL)insurance-two popularchoicesforlife coverage.
Understanding thesedifferences, especiallyifyou’re retiringsoon,isvital tochoosingtheright policy,
Amajorpointofdeviation betweenIULinsurance andwholelifecoverageis inhowthereturnsoneach policy’scashcomponent arecalculated.
Accordingtothereport,alllife insurancepolicieshaveacash valuecomponent,butunlike wholelife,IULinsurance’s cashcomponentislinkedtoan underlyingmarketindex.