Universal life insurance and whole life insurance are both appealing options for individuals interested in using permanent life insurance as a way to grow wealth they can use while they’re living, while still providing their loved ones with financial security after they’re gone. But which one is right for
Indexed universal life (IUL) insurance combines the death benefit of a life insurance policy with the cash value of an asset and the investment options of an index—plus flexible premiums—all into one product. IUL policies are sold as financial multi-tools with an array of benefits. But before you decide
Univesal life insurance is a popular form of permanent life insurance, but is it right for you? Like any financial tool, it depends on how you want to use it. What are your financial goals? What is your tolerance for risk? How much control do you want to have
When people think of life insurance, they initially think of the death benefit—an insurance policy only pays out if you die, right? But whole life insurance offers living benefits too. For more than one hundred years individuals have used whole life insurance as a method to grow and preserve
