Updated February 22, 2024, at 1:53 PM
How do you find the right indexed universal life insurance policy for a client?
Much is said about the indexed universal life insurance policy and its impact and growth over the last several years in the life insurance industry. It’s no wonder that indexed universal life (IUL) policies have represented 24% of overall individual life sales and 65% of total universal life sales.
Many industry experts have weighed in on IUL’s product mechanics, costs, benefits, and features. And although these are very important, we’ll examine a few of the common uses of a maximum-funded (max-funded) IUL policy, while offering some caution in certain circumstances where IULs may not be the most appropriate product choice.