Why Index Universal Life
- Upside potential of an index account option
- Permanent coverage and flexible premiums
- Guaranteed minimum interest rate
The Need
Jon and Suzy are a newly married couple in their early thirties. Suzy is pregnant with their first child and they just recently bought a new home. They realize the need for insurance, but don't know what kind would best fit their needs. They want a policy with lifetime coverage and the flexibility to change as their family's lifestyle and needs change. Jon and Suzy have long-term goals, such as funding their child's college education. So, they are interested in a policy that offers the potential for greater cash value accumulation when compared to traditional life insurance policies and they also minimum interest rate guarantees*.
Solution
After meeting with their professional life insurance agent, Jon and Suzy agreed that an index universal life (IUL) policy best fits their needs. It provides the insurance coverage that can help ensure the family's standard of living, in the event of the death of the insured, or fund their child's education The policy also offers options to change death benefit amounts or adjust premium payment schedules within certain limitations. The IUL also addresses their desire to accumulate cash value in the policy.
Index Universal Life and You
This is just one example of how index universal life insurance can work for you. Your life insurance agent will be able to discuss what product would work best in your unique situation. Life insurance is one of the most important decisions you will ever make. Contact a financial professional today!
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