Indexed Universal Life Policies

An indexed- universal life policy is a permanent life policy that is meant to build cash value, tax deferred. The cash value grows based on a stock market index. These accounts have guaranteed minimum interest credited to them.

You Set the terms and parameters: Your premium is flexible and can be adjusted.  Choose how much and when to pay. Monthly? Annually? What can you afford? 

You may eventually use the cash value built in the account to lower of fully pay your premiums. Also, once you build enough cash value, you may buy other financial products, such as annuities, tax free using a 1035 exchance. 

 The beneficiaries will receive a payout for the death of the insured.