Indexed universal life (IUL) insurance might sound like another complicated financial product, but it’s actually a powerful tool for long-term wealth building and protection.
It’s a unique balance that’s caught the attention of savvy Singaporean investors and high-net-worth individuals alike.
Here’s what you’ll learn:
- How indexed universal life insurance works
- Who it’s for and its pros and cons
- Why it’s a smart choice for Singapore’s financial landscape
Curious?
Let’s dive in!
What is indexed universal life insurance?
Indexed universal life (IUL) Insurance is a unique
type of permanent life insurance that combines 2 essential features: lifelong protection and a growth-oriented investment component.
It ensures your loved ones are financially secure with a guaranteed death benefit, while also allowing your policy to accumulate cash value over time.
Here’s the exciting part: the cash value growth in an IUL is tied to the performance of financial market indices, like the S&P 500 or the Hang Seng Index.
How does IUL insurance work?...
