Whole life insurance is a permanent life insurance policy that provides lifetime coverage for the insured. When you die, your beneficiaries will receive a death benefit as long as premium payments were maintained. In addition to the death benefit, whole life has a savings component known as cash value, which can accumulate interest tax-deferred.

Universal life insurance is a type of permanent life insurance with a cash value, which earns interest tax-deferred. Unlike whole life, universal life offers a lot of flexibility, letting you adjust your premium amount and death benefit. If there’s enough cash value, you may skip premium payments without the risk of a policy lapse. 

Are you looking for a permanent life insurance policy that can offer additional cash value growth? An indexed universal life (IUL) policy may be the perfect fit for you. Unlike other universal policies, IULs allow cash value growth through an equity index account. With this type of policy, you can have peace of mind knowing that your life insurance coverage will last your entire life and provide potential financial benefits along the way. Let us help you find the right IUL plan to secure your future.