Frequently Asked Question?
What is Indexed Universal Life (IUL) insurance?
IUL is a type of permanent life insurance that offers death benefit protection, cash value accumulation linked to market indexes, and flexible premiums.
How does the cash value growth work in an IUL?
The cash value is linked to the performance of a chosen stock market index (e.g., S&P 500). Instead of directly investing in the market, your cash value earns interest based on the index's performance, subject to caps and floors.
What are caps and floors in an IUL?
A cap is the maximum interest rate your cash value can earn in a given period, even if the index performs higher. A floor is the minimum interest rate, often 0%, protecting your cash value from market downturns.
Is the cash value in an IUL guaranteed?
The death benefit is guaranteed as long as premiums are paid as required. The cash value is not directly guaranteed, but the floor helps protect against losses. However, there are fees and expenses that can impact the cash value.
How does IUL compare to term life insurance?
Term life provides death benefit coverage for a specific period, while IUL is permanent and offers cash value accumulation. Term life is generally less expensive, but IUL offers potential for wealth building.
What is Term Life Insurance?
Term life insurance offers you and your loved ones peace of mind with a guarantee that should something tragic happen, those who rely on you will be taken care of. You have the option of selecting the length for coverage—10, 15 or 20 years.
How do I know term life insurance is right for me?
Term life insurance provides peace of mind to individuals and their loved ones. Offering financial security for a predetermined period, the coverage ensures that if something happens during this time, your family can rest easy knowing they are taken care of. It's available to those aged 18+ who call America home and is here provide peace-of-mind while you live life without worry!
How much term life insurance should I get?
You and your family are important, which is why it's crucial to make sure you've got coverage that reflects the costs of daily life—think about rent or mortgage payments plus any debts. If you have a partner/spouse, don't forget their needs too! Also take into account other elements such as childcare expenses in the event something happens to either of you.
Will I need to take a medical exam to get a term life insurance policy?
A thirty-minute medical examination with a professional paramedic may be required to personalize your rate. The medical examination will take place in an environment that is secure and convenient to you – all at no charge! You can expect blood pressure readings, height/weight checks as well as collecting urine & blood samples during this appointment.