Hours : Monday - Sat, 9am-6pm
CALL : 608-722-0627
Get A Quote
Get A Quote

What We Offer

Key Features of Index Universal Life

Index Universal Life Insurance (IUL) is a type of permanent life insurance policy that offers a death benefit to beneficiaries while also providing the policyholder with a cash value component that can grow over time.

Be Your Own Bank

Take Control of Your Financial Future

Cash Value Growth
Market-Linked Returns
Downside Protection
Liquidity and Flexibility
Tax Advantages
Customization

Learn How It Works

How does indexed universal life work?

Be Your Own Bank

Unlock Financial Independence - Be Your Own Bank

Index Universal Life Insurance (IUL) offers a unique opportunity to take control of your financial future and become your own bank. By harnessing the benefits of IUL, you can create a powerful strategy for wealth accumulation and protection. Here's how IUL empowers you to be your own bank

What is Index Universal Life Insurance (IUL)?
Index Universal Life Insurance is a type of permanent life insurance policy that offers a death benefit to beneficiaries while also providing a cash value component that can grow based on the performance of a specified stock market index.
How does Index Universal Life Insurance work?
IUL policies combine a death benefit with a cash value accumulation feature. The policyholder pays premiums, a portion of which goes toward the cash value component. The cash value can grow based on the performance of a designated index, providing potential market-linked returns.
What are the benefits of Index Universal Life Insurance?
Some benefits of IUL include death benefit protection for beneficiaries, the potential for tax-deferred cash value accumulation, the ability to participate in market gains, downside protection against market losses, premium payment flexibility, and policy customization options.
How does the cash value accumulation feature of IUL work?
A portion of the premium payments made by the policyholder goes toward building the cash value, which grows on a tax-deferred basis. The cash value can be accessed during the policyholder's lifetime through policy loans or withdrawals, offering a source of tax-advantaged savings.
How are returns on IUL policies determined?
Returns on IUL policies are typically based on the performance of a specified stock market index, such as the S&P 500. If the index performs well, the cash value can increase accordingly, up to a cap or with a participation rate. However, there is often downside protection to safeguard against market losses.
Is there any downside protection in Index Universal Life Insurance?
Yes, IUL policies typically offer downside protection. If the chosen index performs poorly or experiences negative returns, the policy's cash value is generally protected from market losses. This helps maintain stability and protection for the policyholder.
Can I adjust my premium payments with an IUL policy?
Yes, many IUL policies offer flexibility in premium payments. Policyholders can often adjust the amount and timing of their premium payments within certain limits, allowing them to adapt to changing financial circumstances.
What customization options are available for an IUL policy?
IUL policies can be customized with various riders and options. These may include accelerated death benefit riders, long-term care riders, or additional coverage for specific events or circumstances. Customization allows policyholders to tailor their IUL policy to their specific needs.
Are the death benefits from an IUL policy tax-free?
In most cases, the death benefits received by beneficiaries from an IUL policy are income-tax-free. However, estate taxes and other specific circumstances may affect the tax treatment, so it's advisable to consult with a tax professional for personalized advice.
How can I access the cash value of my IUL policy during my lifetime?
The policyholder can access the cash value of an IUL policy through policy loans or withdrawals. These options allow for liquidity and can be used to supplement income, finance education, or meet other financial needs. Keep in mind that policy loans accrue interest and withdrawals may reduce the death benefit.
What are accelerated death benefit riders, and how do they work?
Accelerated death benefit riders are optional add-ons to IUL policies that allow policyholders to access a portion of the death benefit if they are diagnosed with a terminal illness or meet specific criteria for chronic or critical illnesses. This feature provides financial assistance when it's needed most.

By embracing the power of Index Universal Life Insurance, you can take charge of your financial destiny. Be your own bank, with the ability to grow your savings, protect your wealth, and access funds on your terms. Consult with a licensed insurance professional to explore how IUL can help you achieve financial independence and security.

Get In Touch

Fill the Form to Get Started

Please enable JavaScript in your browser to complete this form.
Denounce with righteous indignation and dislike men who are beguiled and demoralized by the charms pleasure moment so blinded desire that they cannot foresee the pain and trouble.

Latest Portfolio

Former insures only the marine perils

Insurance covers risk of fire absence

Erving the interests of our clients

Guide To Audio Visual With JavaScript GSA

Building Web Layouts For Dual Foldable Devices

There are many variations of passages of lorem

Bring to the table win-win survival strategis

Building Web Layouts For Dual Foldable Devices

Create An Information Way Architecture Easy

Need Any Help? Or Looking For an Agent

608-722-0627
tomkilps.sfg@gmail.com
Working Hours : Sun-monday, 09am-5pm
© 2022 Vankine. All Rights Reserved.