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Index Universal Life (IUL)
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== How an IUL Can Work == '''James, age 35, purchases a $500,000 IUL policy.''' * He pays $500/month in premiums. * Over time, his policy accumulates $100,000 in cash value. * The S&P 500 grows 8% in a year. His policy earns 8% (subject to a 10% cap). * When the market drops -15%, his account earns 0%, but suffers no loss. * At age 55, he takes a '''tax-free policy loan''' of $25,000 to help pay for his daughter’s college tuition.
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