A lot of people don’t need life assurance for his or her whole life. But some people might need it to pay off debts, and a few people might want to die off the family’s wealth without paying taxes. Fixed policies are often good. If you've got enough money, an IUL policy can facilitate your do these items too.
An individual can expand your cash value more quickly if you get an IUL, and therefore the amount of risk is a smaller amount. If the market experiences a fall, then you won’t lose money. You’ll also change what quantity benefit coverage you would like when needed. Both forms of policies provide permanent protection with an investment component that may grow over time.