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Indexed universal life insurance defined. Indexed universal life insurance is a type of permanent life insurance that has both a death benefit and a cash value element. The cash value grows based ...
Consider this: if you deposit $1,000 into the account portion of a universal life policy offering a 5% annual interest, over 20 years, your initial investment could potentially increase to $2,653. ...
Discover how universal life insurance offers lifelong coverage, cash value growth and flexible premiums, plus the pros and cons of indexed policies.
Universal life insurance offers permanent coverage with a unique twist—flexibility.
Variable universal life insurance (often shortened to VUL) is a type of life insurance that builds a cash value. In a VUL, the cash value can be invested in a wide variety of separate accounts, similar to mutual funds, and the choice of which of the available separate accounts to use is entirely up to the contract owner.
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. [1]
Variable universal life (VUL) policies combine the flexibility of universal life insurance with the investment options of mutual funds. Unlike indexed universal life, VUL allows policyholders to ...
A similar type of policy that was developed from universal life insurance is the variable universal life insurance policy (VUL). VUL lets the cash value be directed to a number of separate accounts that operate like mutual funds and can be invested in stock or bond investments with greater risk and potential growth.
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