Posts Tagged ‘Equity Index Universal Life’

What Are Some Pro’s & Cons Of Equity Index Universal Life Policy’s?

New Kid on the Block: Indexed Universal Life

Whole life insurance has been around for over 150 years. Universal life was introduced in the early 1980's. Universal Life offered the ability to increase or decrease the premium and death benefit and credited the cash values each year with a current interest rate. Variable life followed, which allowed policy owners to invest their cash values in equities. All three have their plusses and minuses. Now there is a new kid on the block: Indexed Universal Life. Here are the salient features: 1. Indexed Universal Life (IUL) is similar to Universal Life (UL); premiums and death benefits are flexible. You can increase or

Read more...

Equity Indexed Universal Life Insurance: the Best of Both Worlds?

Although equity indexed annuities have been around for a number of years, equity indexed universal life (EIUL) insurance is a relative newcomer to the life insurance marketplace. EIUL is a spin on universal life (UL) insurance, a popular policy type because you can increase or decrease your death benefit as your needs change and your premiums can be adjusted accordingly. UL policies also build a cash value against which you could borrow or even use to pay your premiums. The equity indexed concept is relatively simple: the amount of interest credited to your policy's cash value is tied to the performance

Read more...