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Understanding Indexed Universal Life- The Smart Hybrid of Growth and Safety

IUL is a blended product that offers both security and growth. A licensed advisor is preferable when it comes to financial planning. IUL can secure and ensure your financial strength in the future, in case you plan it properly.

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Understanding Indexed Universal Life- The Smart Hybrid of Growth and Safety

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  1. Understanding Indexed Universal Life: The Smart Hybrid of Growth and Safety Indexed Universal Life (IUL) insurance is a policy that combines life insurance and investment. It's called a "hybrid" because it protects your loved ones while also offering market-linked growth. Do you want to grow your money, yet still want safety? IUL is the perfect balance. What is Indexed Universal Life? IUL is a growing cash value permanent life insurance. This is a cash amount that is linked to a stock market index (e.g., S&P 500) so that the cash amount increases as the market increases. Tax- deferred growth is where an increase in your earnings is not subject to tax, and the amount increases further over time. How IUL Balances Growth and Safety IUL offers growth potential because your cash value increases with the performance of a market index. Safety is also provided because a guaranteed minimum interest rate ensures your money remains safe even if the market falls. Key Benefits of IUL ●The flexibility in premiums and a death benefit implies that you can change the payments to your preference. ●Tax-deferred Growth: The money will be tax-free until it is withdrawn. ●Downside Protection: Your principal will not be affected in the case the market drops. ●Optional riders are available, such as an accelerated death benefit or chronic illness cover. Conclusion IUL is a blended product that offers both security and growth. A licensed advisor is preferable when it comes to financial planning. IUL can secure and ensure your financial strength in the future, in case you plan it properly.

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