IULs are complex financial instruments. Funny thing is, they put the warning information right out there in plain view, but almost nobody recognises it. "Indexed universal life uses the S&P 500 index. (excluding dividends) as the benchmark for crediting their cash value." All it takes is for a quick look to see the effect over a long term.They don't all use the S&P 500 index solely.They don't all exclude dividends.
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