What is Indexed Universal Life Insurance? You know you need to save for retirement, but you also want life insurance to protect your loved ones from the unexpected. Foundations Indexed Universal Life Insurance (IUL) can help you do both at the same time. In addition to offering a traditional death benefit for your beneficiaries, you have the option to use your policy while you’re living through planned loans1 and withdrawals2.
Your IUL policy has the potential to grow more quickly than a traditional life insurance policy by earning interest based on market performance.3 At the same time, it offers protection from market downturns.
The premiums you pay – minus policy charges – are credited with interest based on market performance. When the market does well, so do you, if the market experiences negative returns your account is simply credited 0 percent.
The older you are, the higher your chances of needing some type of chronic care services in your lifetime. And these services aren’t cheap. When you add the Daily Living Benefit Rider to your IUL policy you can elect to receive a portion of your death benefit to pay for your care.4
You can pay premiums at any time with IUL. Funding your policy at the maximum limit can be done on a tax-advantaged basis and will offer greater accumulation of your money and opportunity for growth. Conversely, you must also keep a minimum payment balance to maintain your coverage.5
With the opportunity to take advantage of potential market gains and built-in protection from market losses, Foundations Indexed Universal Life Insurance can be the foundation for your financial future. Contact an agent to learn more today!
Your local Farm Bureau agent can help. We’ll answer questions, and help you choose the right life insurance for your needs.
It’s your future. Let’s protect it.®
Plan Today. Prepare for tomorrow.
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