Indexed universal life (often shortened to IUL) is a type of universal life insurance product that offers a death benefit coupled with a cash value account that can be used to pay policy premiums or take withdrawals and loans. Indexed life usually provides a floor of 0%, but offers higher upside interest crediting based on the performance of an outside stock index such as the S&P 500 Index. Indexed life insurance is a moderately conservative interest-sensitive life insurance product.
References
- Iacurci, Greg. "Indexed universal life insurance sales continue hot streak". www.investmentnews.com.
- November 11, George Chambers; AM, 2014 at 08:05. "How to use an IUL as tax-free retirement savings strategy". ThinkAdvisor.
{{cite web}}: CS1 maint: numeric names: authors list (link) - Powers, Stephanie. "Indexed Universal Life Insurance". Investopedia.