Permanent life
UL & SUL
- Flexibility
- Security
- Tax-deferred growth
- Useful for policy owners who expect their needs to change over time
- Policy can be modified (within certain guidelines) by changing the death benefit amount or premium payments
- Tax-free capital gains
Indexed Universal Life (IUL)
- Flexibility
- Higher potential for returns
- Protection from fluctuation in market indices
- Similar flexibility as with UL policies but with returns credited based on a specific market index
- Higher return potential and tax-deferred growth
- Guaranteed minimum crediting rates protect clients even when market indexes decrease
Whole Life
- Consistent premiums
- Guaranteed cash value accumulation
- Dividends
- For clients whose needs do not diminish over time
- Guaranteed growth non-taxable dividends
