This kind of coverage offers a fixed insurance protection with tax-advantaged cash value growth, but similar to other types of products, it isn’t for everyone. One of the downsides of indexed universal life assurance is how it is complicated. Term life assurance policies are much more simple, but they only bring temporary coverage with little to no cash value element.
If you want the type of permanent life assurance with the strongest guarantees for cash value growth, then a whole life policy is also a choice to know. On the other hand, if your income increases on a yearly basis, and you would like fixed life security with the choice of having the chance to improve or lower your premiums, then a regular IUL Insurance policy offers more growth.