This type of coverage brings in a permanent insurance protection with tax-advantaged cash value growth and suppleness, but like other forms of products, it isn’t for everybody. One of the disadvantages of indexed universal life assurance is its complication. Term life assurance policies are much more straightforward, but they only offer temporary coverage with no cash value component.
If you wish the only sort of permanent life assurance with the strongest guarantees for cash value growth, then an entire life policy is also a choice to consider. On the other hand, if your income can change yearly, and you would like fixed life protection with the choice of having the ability to boost or lower your premiums, then a regular Iul Insurance policy brings more predictable growth, even if less upside potential.
