Indexed Universal Life (IUL) is a form of permanent life insurance with flexible premiums and an adjustable death benefit. Cash value is credited based on the change in an external market index (such as the S&P 500), but the policy is not invested in the market. Crediting is subject to a cap (the maximum credited rate per period), a participation rate (the percentage of index movement counted), and a floor (typically 0%) that protects the cash value from negative index periods. Caps and participation rates are set by the carrier and may change over time. Policy charges, loans, and withdrawals reduce cash value and the death benefit and may cause the policy to lapse.

Note: Not all products are available in all states. Please contact us to confirm availability in your area.

When this fits

• Households seeking permanent coverage with potential for index-linked cash value crediting
• Long-horizon planning where the floor's downside protection is meaningful
• Buyers who understand the trade-off between the floor and capped upside
• Coordination with broader long-term planning where flexible premiums help

What it accomplishes

• Permanent coverage with adjustable death benefit and flexible premiums
• Cash value crediting linked to an index, with floor protection against index losses
• Tax-deferred cash value growth per the policy contract