FIUL prospects: Think older
June 13, 2013 by Jason Wellmann
The market for fixed index universal life (FIUL) insurance reached new heights in 2012, topping the $1 billion sales mark, according to LIMRA, and affirming the product category as a viable option for all agents selling life insurance.
Along with the income tax-free death benefit protection for beneficiaries that can be used for final expenses or helping to replace income of the deceased, FIUL differs from traditional universal life insurance by providing the opportunity for cash value accumulation from indexed interest. This can be a big help with addressing the financial concerns of tomorrow, such as taxes, college funding, business planning solutions and supplemental retirement income needed to help deal with things like rising inflation and ever increasing health care expenses. Click here to read…
