Secure Your Future: The Power of IUL Life Insurance in Retirement Planning
Secure Your Future: The Power of IUL Life Insurance in Retirement Planning When it comes to planning for the future, especially retirement, people often focus solely on traditional tools like 401(k)s or IRAs. While these are excellent options, there’s a flexible and powerful strategy that many overlook: an Indexed Universal Life (IUL) Insurance Policy . Combining protection and potential growth, it’s fast becoming one of the best retirement plans available. What Is an IUL Life Insurance Policy? An IUL life insurance policy is a type of permanent life insurance that offers both a death benefit and a cash value component. What sets it apart is how the cash value grows—based on the performance of a stock market index, such as the S&P 500, without directly investing in it. Here’s the kicker: even if the market drops, your policy has a floor rate (often 0%), ensuring your cash value doesn’t lose money due to negative returns. It’s a low-risk, high-reward kind of scenario. ...