Indexed universal life (IUL) vs. whole life insurance: which one is more beneficial and what are the differences?
The truth is, “best” is often subjective in insurance. It all depends on a given situation. Let’s explore the IUL vs. whole life discussion and look at the pros and cons of each, while comparing them to see what product category may be best for a client.
The unique features of life insurance make it a strong vehicle for achieving additional income distributions in retirement. When overfunding an index universal life (IUL) policy or a whole life policy, there…
Updated September 16, 2022, at 2:27 PM Loans from cash value life insurance can provide tax-free income if the policy isn’t a modified endowment contract (MEC) and stays in force until death.…