Another Level of Protection: Survivorship fixed indexed UL
January 12, 2015 by Jason Wellmann
Within the past five years, the fixed index universal life insurance (FIUL) market has experienced positive annual growth, evidence that the product category is helping to meet consumer demand for those seeking both death benefit protection and the opportunity for their policy to build cash value accumulation from indexed interest.
Many consumers are attracted to the innovations available through FIUL products that can help them both protect their family in the event of an unexpected death — helping to meet a variety of financial needs, including income replacement for beneficiaries, mortgage responsibilities, estate tax coverage, final expenses, and more — while also providing options that can help them supplement their preparation for future financial challenges such as funding college, supplementing retirement income and dealing with rising costs.
In that way, FIUL can be an effective method for people to address multiple financial concerns at the same time.
