Indexed universal life insurance (IUL)
https://fidelitylife.com/life-insurance-basics/permanent-life-insurance-101/indexed-universal-life-insurance-policy/
WebMar 1, 2023 · What is indexed universal life insurance? Indexed universal life insurance is a type of permanent life insurance policy that has a death benefit and a cash value component. But unlike the guaranteed rate of return of whole life insurance, the cash value of an indexed universal life insurance policy is based on the performance of the stock …
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