Indexed universal life insurance works similarly to universal life. You pay a premium in exchange for lifelong coverage and have the opportunity to build cash value through investments tied to stock market indexes. With an indexed universal life insurance policy, you can choose your premiums and how much cash value to assign to a fixed-rate account or an index account.
Over the past 25 years, indexed universal life policies have become arguably the most complex life insurance products on the market — both in terms of their structure and potential benefits. These policies offer policyholders the opportunity to earn interest based on the performance of a stock market index, such as the S&P 500.
Symetra introduced Cancer Care Compass, a first-of-its-kind life insurance rider offering a unique combination of cancer care benefits and financial protection. This innovative product is designed to help policyholders cover the costs associated with cancer treatment and care.
Explore our comprehensive guide on the best universal life insurance companies. We reviewed multiple UL providers to find the best option for your needs and budget. Whether you're interested in indexed universal life or traditional universal life, there are a variety of companies offering competitive products.
If you're looking for a policy that offers lifelong coverage and flexible premiums, universal life insurance is worth considering. These policies allow you to adjust your coverage and premiums as your financial needs change over time. They can also help you build cash value over the life of the policy.
In 2023, the total new annualized premium for US life insurance saw a modest increase of 1% from the previous year, reaching a record $15.6 billion. This growth is driven in part by the increasing popularity of indexed universal life and other innovative life insurance products.
MassMutual offers term, whole, and universal life insurance policies with varying age restrictions. Specifically, anyone up to age 75 may be eligible for coverage, depending on the type of policy and their individual health and financial circumstances.
PRNewswire/ -- Ameritas and Ethos have introduced a new index universal life insurance product offered exclusively through Ethos. This partnership aims to provide consumers with a competitive and customizable life insurance option that aligns with their long-term financial goals.
