What is whole life insurance?
Unlike term insurance, whole life covers you for your entire life. It also builds cash value that grows over time and that you can access while living.
Whole Life Insurance & IUL
Permanent protection with cash value. IUL combines life insurance with an indexed savings strategy for your retirement.
What is an IUL?
An IUL (Indexed Universal Life) is a permanent life policy whose cash value is tied to a market index. It offers growth potential with downside protection, a tool that combines protection and retirement planning.
Example: protection + retirement
A 33-year-old transport worker and father of 2 chose an IUL to protect his family while building a retirement fund. His goal: immediate protection for his wife and kids, and cash value accumulation to supplement his retirement income.
Frequently asked questions
What's the difference between Whole Life and IUL?+
A Whole Life policy has guaranteed growth and a fixed premium. IUL offers greater growth potential tied to an index, with more flexible premiums. Both are permanent and build cash value.
Can an IUL really help me retire?+
IUL cash value can be used as supplemental retirement income through policy loans. It doesn't replace a traditional retirement plan, but can be a valuable complement as part of a diversified strategy.