Indexed Universal Life

We are proud to offer a variety of insurance solutions to meet your unique needs. One such solution is Indexed Universal Life, or IUL for short. IUL is a type of life insurance policy that combines the benefits of life insurance with the opportunity to earn interest on your policy’s cash value.

At Route Three, we specialize in helping individuals and families plan for their financial future. IUL can be an excellent option for those who want to provide financial security for their loved ones while also building a cash reserve that can be used to supplement retirement income.

Here are a few of the key benefits of an IUL policy:

  • Tax-free death benefit: Like other life insurance policies, an IUL policy provides a tax-free death benefit to your beneficiaries in the event of your passing. This can help ensure that your loved ones are taken care of financially, even if you are no longer around to provide for them.

  • Cash value growth potential: One of the unique features of IUL is that it allows you to earn interest on the policy’s cash value. The interest rate is based on the performance of an underlying index, such as the S&P 500. This means that you have the potential to earn higher returns than you would with a traditional savings account or CD.

  • Flexibility: IUL policies are designed to be flexible, allowing you to adjust your premiums and death benefit as your needs change over time. Additionally, many policies offer riders that can be added to provide additional protection or benefits, such as long-term care coverage or a guaranteed income stream.

  • Protection from market downturns: While IUL policies offer the potential for higher returns, they also provide downside protection. This means that if the underlying index performs poorly, your policy’s cash value will not decrease below a certain level. This can help protect your retirement savings from market volatility.

At Route Three, we understand that everyone’s financial situation is unique. That’s why we offer personalized advice and solutions to help you achieve your financial goals. If you’re interested in learning more about Indexed Universal Life, we’d love to hear from you.

 

Contact us today to schedule a consultation with one of our experienced agents.