Understanding Indexed Universal Life Insurance

Indexed universal life pays a death benefit, with cash value linked partly or fully to a stock or bond index.
IUL is permanent coverage, can last your entire life, and lets you adjust premiums and death benefit.
Returns can be capped; floors, caps, and participation rates limit credited interest and may change over time.
Downturns can mean lower returns and extra payments to avoid lapsing; policies also require close monitoring.
Illustrations are estimates, not forecasts; costs vary by age, health, smoking status, and coverage amount.