Indexed Universal Life Insurance For Retirement: Benefits & Risks Explained

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Benefits&RisksExplained

IndexedUniversalLifeInsuranceForRetirement:

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.

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