Indexed Universal Life Insurance

Indexed Universal Life Insurance

Indexed universal life insurance is a type of permanent life insurance plan that can offer you a death benefit protection when you die or someone else in the family dies. Indexed universal life insurance can also give a policyholder the opportunity to designate a cash value amount to go into a fixed account or an equity index account. Indexed universal life insurance can increase its cash value in your lifetime based on how the market moves. Indexed universal life insurance can be an option if you want to leave behind a certain amount of money for your family in the event that you die.


There can be some pros and cons of indexed universal life insurance that you will want to consider when you are trying to decide if this type of life insurance plan is best for you and your family. The pros of indexed universal life insurance could include the growth potential, flexible-use earnings, and tax free death benefits. The cons of indexed universal life insurance is the restricted growth of the plan which puts a cap on how much you can earn, and the high fees that are charged and taken from your monthly premiums. You will want to consult with United Retirement Advisors to help you to decide what are your best options in regards to your life insurance.