Indexed Universal Life Insurance policies are a type of universal life insurance. These types of policies are similar to traditional whole life policies because they build up cash value over time and provide lifelong protection as long as you pay the premiums. The death benefit can be increased (subject to insurability), or decreased at the policy owner’s request. Premiums can be flexible and paid periodically to meet your personal financial needs.

Along with providing a death benefit if you die, certain indexed universal life products also provide tax-deferred growth of your account value, growth linked to a formula based on changes in an equity-index, flexible premium options, a variety of riders and waivers, and two death benefit options.

Typical Use: A Balanced Approach To Life Insurance.