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Indexed universal life
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. Indexed life usually provides a floor of 0%, but offers higher upside interest crediting based on the performance of an outside stock index such as the S&P 500 Index. Indexed life insurance is a moderately conservative interest-sensitive life insurance product.
Indexed universal life insurance was first released by Transamerica in 1997 and has gained popularity as a competitive alternative to whole life insurance. Contrary to popular belief, IUL should not be sold as an investment alternative to traditional retirement accounts.
References
References
- Iacurci, Greg. "Indexed universal life insurance sales continue hot streak".
- "How to use an IUL as tax-free retirement savings strategy".
- Powers, Stephanie. "Indexed Universal Life Insurance".
- (2025-01-13). "Common myths and misconceptions about IUL".
This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.
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