Looking towards the future?
You have the option to increase the premium or make lump sum contributions, subject to limits as specified in the policy. The extra dollars grow tax-deferred, and may increase the cash and death benefit values. On the other hand, in a temporary cash crunch, you can pay less than the scheduled premium and let the policy's accumulated cash value pay the remainder of the monthly charges.
Like all universal life insurance, Indexed Universal Life allows you to choose the policy features that are most appropriate for you and to adjust those features as your financial priorities and needs change. Unlike other interest-earning life insurance policies, however, Indexed Universal Life offers interest linked to a stock market index – without the risk of investing directly in the market.With its combination of life insurance coverage, guarantees, flexibility and opportunity for index-linked growth, Indexed Universal Life Insurance is an excellent choice for lifetime protection and Retirement Funding
Some of the benefits of Indexed Universal Life Include: