Indexed Universal Life Insurance Page for CSMIndexed Universal Life Insurance Page opm retirement Welcome to Indexed Universal Lifeopm retirementopm retirementWhat is IUL? what is an iul investmentIUL, or indexed universal life insurance, is a type of permanent life insurance policy that offers death benefit protection for the remainder of your lifetime, as well as a cash value component that provides you with the opportunity for higher returns… The IUL PolicyIn many ways, indexed universal life insurance is similar to traditional universal life, except IUL uses a different crediting method to determine the interest that accumulates in the cash-value component of the policy… Pros and Cons of Indexed Universal Life Pros• Opportunity to obtain market-linked returns• Protection of principal• Tax-deferred accumulation• Tax-free access to the cash value• Flexibility• No annual maximum contribution limits• Permanent death benefit protection Cons• Complexity• Charges & Fees• Surrender charges• Limited upside growth • No payout of dividends Tax Benefits of IUL Policies• Tax-Deferred Growth – The funds inside an IUL policy’s cash value are allowed to grow tax-deferred. This means that there is no tax due on these gains unless or until the funds are withdrawn. • Tax-Free Access to Cash Value – IUL policyholders may be able to access funds from the cash value component tax-free by taking certain types of loans. • No Annual Maximum Contribution Limits – Unlike qualified retirement plans or traditional IRAs, there is no annual maximum contribution limit with an IUL policy. This means that additional funds can be contributed that allow for tax-advantaged growth. In publishing and graphic design, Lorem ipsum is a placeholder text commonly used to demonstrate the visual form of a document or a typeface without relying on meaningful content. Lorem ipsum may be used as a placeholder before final copy is available. Wikipedia
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