IUL

Permanent life insurance that offers a death benefit and a potential cash value growth component tied to the performance of a stock market index, like the S&P 500. While it offers flexibility in premiums and the potential for higher returns than fixed-rate policies.

• Maxed-out retirement accounts: Ideal clients have already contributed the maximum to their traditional tax-advantaged accounts and are seeking another option for tax-deferred growth.

• Stable financial situation: A steady income is essential to comfortably pay the premiums over decades and allow the cash value to accumulate.

• Long-term horizon: IUL is not a short-term investment. The ideal client plans to hold the policy for 15 years or longer to allow the cash value to grow significantly.