Index Universal Life
Index Universal Life insurance (IUL) is a permanent type of life insurance meaning that it lasts your entire life and builds a cash value along side the death benefit. The cash value in an IUL policy grows through an equity index such as the S&P 500. As the index moves up or down, so does the rate of return on the cash value component of the policy.
Key Components of an IUL
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Higher Return Potential
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Flexibility
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Tax-Free Capital Gains
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Death Benefit
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Doesn’t effect Social Security
Infinite Banking
Infinite Banking has taken social media by storm. Thousands of videos have been made about how people use life insurance to fund their ideas.
IULs are a popular choice for this practice. Learn more about infinite banking from specialist Scott Genad from Family First Life’s advance marketing team.
Children's IUL
Financial Security: IUL policies provide a death benefit that can financially protect the child's beneficiaries in the event of the child's untimely death. This can include coverage for funeral expenses, outstanding debts, and provide financial support for the family during a difficult time.
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Cash Value Growth: Indexed Universal Life insurance policies have a cash value component that grows over time based on the performance of an underlying stock market index. The cash value can be accessed tax-free for various purposes, such as helping with college expenses, purchasing a home, or starting a business.
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Lifetime Coverage: IUL policies provide coverage for the entire lifetime of the insured individual, as long as the premiums are paid. This ensures that the child has life insurance protection in place from a young age and can continue to have coverage into adulthood, regardless of any changes in health that may occur.
