No. of Recommendations: 1
I'm new to the insurance industry, so I've been studying Indexed Universal Life (IUL) products intensively. From my studies, I believe the following to be representative of this product no matter who offers it:

~ Allow you to draw income in retirement tax-free
~ Receive market-like returns without any market risk
~ Never take a market loss
~ Allow you to access your money at any age
~ Give you an option to continue to make your savings contributions if you become disabled
~ Provide a large, income-tax-free lump sum payment to your family if you die prematurely
~ Remain protected against judgments and lawsuits (in many states)

I'm not sure what Dave means about an IUL being used to fund college educations. Perhaps he will explain.

I think the insurance industry doesn't do an effective job of educating the public about IULs. Perhaps they'll get better as our country's fiscal crisis deepens.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.