Awesome 10 Fixed Index Universal Life Insurance Background. Who needs permanent life insurance? What is indexed universal life insurance?
This Page is Intentionally Left Blank from www.sec.gov I'd be the insured, wife would be the beneficary. There is generally one fixed account, which gives an interest rate declared by the life insurance company, and multiple indexed account options. What is indexed universal life insurance?
Whole life has a guaranteed fixed premium and cash values.
The main difference is how these accounts manage your cash value. You tell the insurer the percentage of the cash value that should go into each investment, and the insurer will keep track of the performance. So i could get rid of paying life insurance, she would bump hers up to $500k from $250k. In exchange for paying many times, you'll also be able to divide your assets between the fixed and indexed sections of your should you get iul insurance?
