Top Indexed Universal Life Insurance ?? Background
byJack Daniel
Top Indexed Universal Life Insurance ?? Background. Indexed universal life is a type of life insurance that insures one person and pays a benefit to the beneficiary you select after the insured passes away. Indexed universal life carriers put a cap on my s&p index crediting probably because they keep the excess profits. #3:
Indexed Universal Life Insurance: A Rip-Off with a Fancy ... from o.aolcdn.com Learn how it works and who might choose to purchase it. Unlike investing directly in an index fund, however, you won't lose money when the market has a downturn. How much does indexed universal life insurance cost?
Indexed universal life insurance is one of several permanent life insurance products with a cash value component.
Under the terms of the policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy, which is credited each month with interest. The current stock market melt down is a great example of why indexed universal life insurance is such a fantastic tool for building and maintaining wealth. Variable universal life (vul) insurance is a permanent life insurance policy with a savings component in which cash value can be invested. Let's first look at an earlier hybrid form of this life insurance:
