What Is IUL Life Insurance?
61667 POINTSview profileSteve SavantSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaIUL Life insurance is indexed universal life insurance.Indexed universal life uses domestic and foreign indices options as its crediting method with caps, spreads and participating modifiers. If the option is exercised then earnings are credited. If the options are not exercised then nothing is credited to the account.Answered on July 27, 2013flag this answer.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.IUL stands for Indexed Universal Life (often called Equity Indexed Universal Life). While guaranteed universal life is the type of policy one might use for permanent coverage at a low cost, IUL is the type of policy one might use to accumulate income for retirement in a relatively safe manner.Answered on July 27, 2013flag this answer
1330 POINTSview profileMark TaylorLicensed Life Agent, Life and Finance/ 50 States, New YorkIUL is Index Universal Life Insurance. The value of the. coverage relies on the accumulation. by either the global stock index or S&P 500 only. The accumulation is compounded when there is a rise in these factors. Cash Value is more including the benefit amount. You may start from ex: 80K at first death benefit then the. accumulation can rise to over 100k depending on years policy is active.Answered on February 10, 2014flag this answer
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