PUBLISHED ONApril 22, 2022 10:10 AM
—
A new series of tools and reports designed to help prospective IUL policyholders find the most suitable provider for their needs has been launched by Indexed Universal Life. The topics the company covers are broad, unbiased and varied, from common industry terms to the drawbacks of IUL and whether or not a consumer should add an IUL investment into their retirement plan.
This latest move is expected to benefit individuals who are considering an IUL policy owing to its hybrid nature that combines permanent coverage and a wealth-building component. The resource can help them determine if this type of insurance is compatible with their objectives and risk appetite.
According to the company, IUL Insurance is a type of permanent life insurance that has a death benefit as well as a cash value component. The latter can be linked to stock market indices, giving it the ability to offer the policyholder a return whenever the market performs positively. But even if the market swings the other way, clients will only earn a 0% return, which means that their principal will not incur a loss.
Despite these attractive features, IUL policies also have certain restrictions, according to Indexed Universal Life. For example, one factor that individuals should consider is the “cap” placed on returns. Another possible drawback is the number of fees that may be included in one’s premiums, such as commissions and administrative costs.
The complexity of IUL insurance is another factor that consumers should take into consideration, according to the company, adding that discussing one’s options with a professional advisor is essential.
Indexed Universal Life’s website allows users to connect with IUL experts in their locality. After entering a zip code, the system will pull up a list of advisors within and around that area.
Furthermore, the company has created a guide to help individuals choose the best IUL company for their needs. Included in this material are the major factors that one must scrutinize before choosing an IUL policy, such as the carrier’s reputation, the policy’s index cap, and the associated fees.
Indexed Universal Life further stressed that purchasing an IUL policy is a long-term commitment. “Therefore, it is important to understand whether or not an IUL policy is right for you – and, if so, how your IUL policy should be structured to meet your specific needs,” it explained on its website.
Interested parties can find additional details at https://indexeduniversal.life
Contact Info:
Name: IndexedUniversal.Life Administrator
Email: Send Email
Organization: Indexed Universal Life
Address: P.O. Box 3540 Silver Springs, Silver Springs, NV 89429, United States
Phone: +1-800-743-9221
Website: https://indexeduniversal.life/
Release ID: 89073792
If you detect any issues, problems, or errors in this press release content, kindly contact error@releasecontact.com to notify us. We will respond and rectify the situation in the next 8 hours.