How to Maximize Your Indexed Universal Life Insurance Policy
Universal Life Insurance policies provide something that most other traditional policies can't—flexibility. But when you add in the secondary potential for market-based gains through indexing, you have Indexed Universal Life (IUL) insurance. For Canadians wanting to create long-term value through a life insurance product, having an understanding of how to maximize their IUL coverage is imperative. This manual provides a concise, no-nonsense explanation of how to maximize your indexed Universal Life Insurance policy and why it is important to be mindful of Universal Life Insurance Plans, Universal Life Insurance premiums, and the design of Universal Life Insurance protection in making a big impact over the long haul. Understanding the Basics of IUL An Indexed Universal Life (IUL) policy combines life insurance protection with a cash value component that earns interest based on the performance of a market index (like the S&P 500). Unlike investing directly in the market, you...