03/06/2025
Indexed Universal Life (IUL) is unique life insurance plan that you pay towards a death benefit, but some of the money goes into a separate savings account that accumulates interest based on the stock market index.
Life insurance gets more expensive as you get older, so it's important for you to look into something for your own children.
Here's numbers if you start your children's IUL as soon as 1 year old! As you can see this is what would be accumulated in the savings account that built interest. After 65 they would be receiving TAX FREE retirement income.
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