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Buying an Index Universal Life
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1. Lifetime Coverage with Flexible Premiums
Unlike term life, which expires after a set number of years, an IUL provides coverage for life — as long as the policy is funded properly. You can also adjust premium payments up or down depending on income changes.
2. Tax-Free Death Benefit
Your beneficiaries receive a tax-free death benefit, which can replace income, pay estate taxes, or fund a legacy — ensuring long-term financial security for your loved ones.
3. Tax-Deferred Cash Value Growth
The cash value inside an IUL grows tax-deferred, meaning you don’t pay taxes on gains as long as they stay within the policy. Over time, this allows compounding to work more efficiently.
4. Market-Linked Growth Without Market Losses
IULs earn interest based on the performance of a stock market index (like the S&P 500) — but without direct market exposure. When the market rises, you can earn interest up to a cap; when it falls, your credited interest can’t go below 0%. That’s downside protection.
5. Tax-Free Income Potential
You can access your cash value later in life through policy loans and withdrawals that are typically tax-free, creating a stream of retirement income that doesn’t count against Social Security or Medicare thresholds.
6. Protects Against Inflation
Because your cash value growth is tied to a market index rather than a fixed interest rate, an IUL has the potential to outpace inflation — unlike traditional whole life policies or CDs.
7. Flexibility in Death Benefit Options
IULs allow you to choose between a level death benefit or an increasing one that includes both the base insurance amount and accumulated cash value, depending on your financial goals.
8. No Contribution Limits
Unlike IRAs or 401(k)s, there are no annual contribution limits (as long as the policy stays within IRS guidelines and avoids becoming a Modified Endowment Contract). This makes IULs appealing for high-income earners seeking additional tax-advantaged growth.
9. Living Benefits for Chronic or Terminal Illness
Many IULs offer accelerated benefit riders that allow you to access part of your death benefit if you’re diagnosed with a critical, chronic, or terminal illness — providing liquidity when it’s most needed.
10. Estate Planning and Wealth Transfer Tool
An IUL can help transfer wealth efficiently by avoiding probate, minimizing estate taxes, and ensuring your heirs receive an income-tax-free lump sum. It’s often used by business owners and high-net-worth individuals for legacy planning.
An Indexed Universal Life (IUL) policy is a type of permanent life insurance that can last your entire life while also helping your money grow over time. It combines two things in one: life insurance protection for your family and a savings account inside the policy, called cash value. The cash value earns interest based on how a stock market index, like the S&P 500, performs — but your money isn’t actually invested in the market. When the market goes up, your policy can earn interest, and when it goes down, you don’t lose money. That means your savings have room to grow without the risk of losing value during market drops. Over the years, the cash value can become a powerful tool you can borrow from tax-free to help pay for retirement, college, or other major expenses. In simple terms, an IUL is a flexible life insurance plan that protects your loved ones and gives your money a safe way to grow alongside the market.
What is an IUL?
10 Reasons to Buy an Index Universal Life Policy
An Indexed Universal Life (IUL) policy isn’t just insurance — it’s a way to protect your family and build long-term wealth with market-linked growth and zero market loss. LifeStein.com helps you compare top-rated IUL plans online and secure the best rates in minutes.
Top IUL Companies We Work With
Frequently Asked Questions - Index Universal Life
Where can I buy an Index Universal Life (IUL) if I smoke, vape, use THC, dip, chew, or use nicotine pouches like Zyn, On!, or VELO? You can buy an IUL policy even if you use nicotine or THC — but you’ll want to work with a broker who understands how each type affects your rates. At LifeStein.com, we specialize in helping people who use Zyn, On!, VELO, weed, vapes, cigars, dip, and other nicotine products find coverage at the best possible rate. We work with 50+ major life insurance carriers, including Nationwide, Pacific Life, Mutual of Omaha, Protective, and Lincoln Financial, to find the company most lenient toward your lifestyle.
Where can I buy an IUL policy online? You can easily buy an IUL policy online at LifeStein.com . We help you compare rates from top-rated carriers, customize your coverage, and get approved — all without ever stepping foot in an office. You’ll work directly with Matt Mims, the owner, not a random call center rep.
Where is the best place to buy an Index Universal Life policy? The best place to buy an IUL is through an independent agency that represents multiple carriers — not one tied to a single company. That’s what makes LifeStein.com stand out. We’re licensed in all 50 states and compare 50+ national carriers side-by-side so you get the best rate, not just one company’s offer.
Can I lose money in an IUL? No, you can’t lose money due to market drops. IUL policies are linked to market performance, but your money isn’t actually invested in the market. If the index goes up, you earn interest (up to a cap). If it goes down, your return is simply 0% — not negative. That means your cash value is protected from losses.
How does an IUL earn interest? Your policy’s cash value earns interest based on a stock market index (like the S&P 500). When the market does well, you earn a portion of that growth, usually capped at a certain percentage. If the market performs poorly, your policy earns nothing for that period — but it doesn’t lose value either.
Can I use my IUL for retirement income? Yes. One of the biggest advantages of an IUL is that you can borrow or withdraw money from the cash value tax-free later in life. Many people use IULs as part of a retirement plan because it provides tax-free income and lifetime coverage at the same time.
Who should consider an IUL policy? An IUL is best for people who: Want life insurance that lasts forever (not just 10–20 years) Like the idea of growing savings safely, without market risk Are looking for tax-free income in retirement Have already maxed out other savings accounts like 401(k)s or IRAs Want to leave a tax-free legacy for family or a business
How much does an IUL cost per month? Your monthly cost depends on your age, health, lifestyle, and coverage amount. Most healthy adults pay between $150–$500 per month, though high-income earners may contribute more to grow their cash value faster. LifeStein helps you compare real-time rates instantly.
What’s the difference between an IUL, Whole Life, and Term Life? Term Life: Cheapest option, but ends after a set period (10–30 years). Whole Life: Lasts forever with guaranteed growth, but lower returns. Indexed Universal Life (IUL): Combines lifetime protection with market-linked growth and flexible payments — often the best balance of cost, flexibility, and long-term value.
Can I skip payments if I have a bad month financially? Yes — one of the best parts of an IUL is flexibility. If you’ve built up enough cash value, you can skip or reduce a payment without losing coverage. Your policy’s cash value will cover it temporarily.
How do I start an IUL policy today? Starting is easy. You can complete your quote and application online at LifeStein.com or call (601)-218-7854 to speak directly with Matt Mims. Most clients get approved quickly — no high-pressure sales, no confusing forms, and often no medical exam required.