A fixed-indexed universal life insurance (FIUL) policy is a life insurance product that provides you the opportunity, when adequately funded, to participate in the growth of the market or an index without directly investing in the market. This type of insurance is designed to provide protection for your loved ones in the event that you pass away, but it can also provide you with a wide array of benefits while you’re still living. One of its unique features is the ability to develop a cash value in your policy that’s connected to the growth of an external market. Our agent at Sapolu & Long Insurance Agency in Placentia, California, can recommend a universal life insurance policy that works to protect your family and for your budget.
The Benefits of a Fixed Index Universal Life
A benefit that a Fixed Index Universal Life offers is peace of mind. You can rest assured that if something happens to you, your family and loved ones are taken care of. It can also put you at ease to know the accumulation potential is also protected. You’re not exposing your hard-earned money to an unpredictable market, creating for yourself a tax-deferred asset that has built-in protection.
To learn more about using fixed-indexed universal life insurance (FIUL) in smart estate and retirement planning, connect with one of our local agents.