Indexed universal life insurance (IUL) is a type of permanent life insurance designed for people who want lifelong coverage, adjustable premium payments and the ability to choose how their policy’s ...

Indexed universal life insurance offers flexibility in premium payments and the ability to adjust the death benefit. IUL policies include a minimum guaranteed crediting rate, or interest rate, which ...

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For certain clients, the strategy can preserve assets for heirs by converting taxable registered assets into a more predictable tax-free inheritance ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Myles is a former senior insurance editor for Investopedia. He oversaw the strategy ...

In its most basic form, life insurance is a contract between the policyholder and an insurance company that provides a cash payout to a named beneficiary if the policyholder dies under covered ...