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[music] indexed universal life is a type of permanent life insurance that provides two main benefits: one: no matter when you die, your loved ones receive a tax-free death benefit to help provide them with a more secure future.

car hire rugby, two: you can use the policy to accumulate tax-preferred cash value for retirement, college or other goals. here’s how an indexed life insurance policy generally works: when you pay premiums, the insurance company deducts charges to cover insurance and administrative costs.

the premiums that remains becomes part of your policies cash value. you can choose to allocate your cash value to any combination of indexed accounts or a fixed account. the fixed account offers a guaranteed minimum growth rate. indexed accounts offer growth potential based on the performance of market indexes. these indexes track the performance of a specific bundle of individual company stocks or bonds, and the growth or decline of these stocks or bonds determine the index’s performance. within life insurance policies, indexed account growth may be limited by a cap, but a floor protects your cash value from negative crediting. even in constant market declines, if you surrender your policy or die, your policy is guaranteed

to earn a minimum effective annual interest rate. over time, your indexed life policy has the potential to accumulate significant cash value – all while growing tax-free. when you want to access this cash value, you can do so in a variety of tax-preferred ways – even before age 59â½. or, you can choose to leave your cash value alone until your death,

leaving your beneficiaries a tax-free death benefit. whatever you decide, indexed universal life insurance can provide protection for your family and flexibility for your future. talk to your financial professional to learn if an indexed universal life policy is right for you.