Insurance term
Indexed Universal Life (IUL)
Indexed Universal Life (IUL) is a type of permanent life insurance that includes a death benefit and a cash value component. The cash value can earn interest based in part on the performance of a chosen market index, subject to policy rules such as caps, participation rates, and floors, so it is not directly invested in the stock market.
Example
A family buys an IUL policy to provide lifelong coverage while also building cash value that may grow based on a stock market index over time.
Related coverage
Life Insurance
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