How Does Index Universal Life Insurance Work?

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   Peggy Mace

   Most of the U.S.

   Index Universal Life Insurance allows you to allocate cash value in the policy to either a fixed account, an equity index account, or both. You are guaranteed not to lose your principal, even if the market drops. But your earnings are capped at lower than what you might earn if you were willing to risk the principal in a variable product.
   
   IUL is popular for those who want life insurance, want to take some advantage of the market, and do not want the risk of losing their investment.

   Answered on September 8, 2014

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