Indexed Universal Life (IUL) Insurance This is the biggest change in permanent insurance since this book was originally written. Often referred to as IUL or equity indexed universal life, this type of permanent life insurance takes a “hybrid” approach. Basically, you are able to get a guaranteed rate on your policy (a minimum fixed rate) and then an indexed account option. The best way to explain this in plain language is that you get the security of a universal policy with the potential growth of a variable policy linked to an index (for example, the S&P 500). The catch is that you don’t get
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