Index Universal Life Insurance Wilmington offers lifelong coverage and should have some flexibility with the benefit and premiums. You will be able to adjust your benefits and payments within certain limits if your needs or budget change.
In an Index Universal Life Insurance Wilmington, there is a cash value component in IUL that’s often tied to an exchange index or a mixture of indexes. You may even have the choice of a fixed-interest investment. When you pay premiums, a part of the money goes to policy fees and charges, and also the remaining goes into cash value. It’s crucial to know the limits of your potential investment gains. Index Universal Life Insurance Wilmington policies have participation rates and caps.