Retirement & Life Insurance

This works the same as the other universal life
contracts but your cash value is linked to an index such
as the S&P 500. You are credited with interest when the
index goes up but don't lose anything when it goes down.
Indexed universal life insurance is a type of life
insurance that became available about 10 years ago and
is generally considered a good investment for
retirement. Most policies guarantee that your interest
crediting rate will never fall below zero so that you
won't lose money (you just won't make it) but can
produce higher returns if the markets perform well.
They also have a cap as to how high a crediting rate they will pass on to you. Your cash value is linked to an index such as the S&P 500. These typically avg. around 7-8% returns and is about the same price as a universal life policy.
Index Universal Life offers:
·
Permanent insurance protection
· Income tax-free
death benefit to your heirs
· A source of income
through withdrawals or loans (when
properly structured)
· Fixed and indexed account
options
· Fixed account with current rates of
interest and guaranteed minimum interest rate
· Protection of
your principal and accumulated cash value from negative
market returns
· Additional flexibility through
optional riders for an additional cost.