Indexed universal insurance brings flexibility and will offer a person greater interest rates than other types of life insurance. If you’re okay with the risks and have to move within the management of your insurance, this might be the right option.
An insured has control over their benefits and payments, and they can increase or lessen payments, depending on your need for the benefits, the growth of your account and your financial circumstances.
The money grows when the market expands, which growth is usually taken as tax free. Since the market can outdo interest rates in other types of policy accounts, Index Universal Life policyholders bring the potential to grow account values even faster.