Universal life insurance offers more flexible premiums and death benefits, with cash value growth tied to current interest rates set by the insurer (which can rise or fall within guaranteed minimums).
Want an answer specific to your situation? A licensed agent can walk through your options in a few minutes.
Call (844) 658-4509Indexed universal life (IUL) ties cash value growth to a market index's performance, with a cap on gains and a floor (often 0%) against losses, offering more growth potential than whole life but with added complexity and variability.