What is indexed universal life insurance?

Thu, 14 Nov 2024 09:18:53 +0000

Indexed universal life insurance is an investment-linked insurance policy. The growth is linked to the S&P 500 and you’ll get a guaranteed interest rate. But if you’re unsure about IULs, read on. You might be tempted to buy one because it promises a high interest rate. But there are important things to remember before you invest your money in one. Here are some tips for choosing the right IUL for you.