Home > Glossary

Indexed Universal Life

Indexed Universal Life


Indexed Universal Life — a universal life policy where the cash accumulation is credited with interest based on an index such as the Standard and Poor's index. If the index goes up, you get interest; if it goes down, you do not. Some policies have a limitation on how high the interest can go and a floor that ensures the interest rate will not be negative. There are many limitations and provisions that should be understood by the buyer and the agent selling these policies.

Related Products

User ID: Subscriber Status:Free