In addition to the death benefit of a whole life insurance policy, an IUL has the potential to accumulate cash value at a greater rate. This can help reduce or stop future premium payments.

Part of the cash value is based on the performance of a stock index, for instance, the S&P 500 and Nasdaq-100- providing greater growth potential than a fixed rate life insurance policy. The cash value accumulated is protected by a 0% floor against market losses.

An IUL's premiums and death benefit have a lot of flexibility for customization. The cash value built can be used for any purposes which include college planning, retirement income, & long term facility funding.