Whole life insurancebenefits customers who want safe, fixed returns alongside the predictability of level premiums and a fixed death benefit. IUL policies may work best as an alternative to whole life for customers who prefer flexibility in managing their policy. IUL life insurance also allows policy...
Whole life insuranceis more permanent, and the policy lasts for the entire life of the policyholder as long as premiums are paid. The policy gains value according to a fixed schedule, and there are fewer fees than an IUL policy. However, they do not come with the flexibility of a...
Indexed whole life insurance isn’t an actual policy. You might be thinking of indexed universal life insurance. With this type of life insurance, the interest rate at which the cash value grows is linked to the performance of a stock index, such as the S&P 500. While your policy won’t...