Whole Life v. IUL No Longer An ‘Either/Or’ Proposition
January 5, 2016 by Frank Chechel
For the past several years, whole life has been the top-selling life insurance product, when measured by premium volume. Yet sales of another product — indexed universal life (IUL) —have been growing exponentially since the 2008 financial crisis. IUL now stands second in popularity next to whole life, according to LIMRA sales data. Both products generally are sold for death benefit protection today with the potential for cash value accumulation and retirement income over the long term. But whereas whole life provides robust death benefit, premium and cash value guarantees along with steady dividend performance, IUL offers equity-linked upside performance combined with a certain level of downside protection. Click HERE to view article
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