Indexed universal life:Life insurance that can protect and provide

Indexed universal life (IUL) insurance is death benefit protection that also provides the opportunity to build long-term cash value by earning interest that is linked to the movement of a selected stock market index over a specific period of time. Although growth is based on a stock market index, your premium is not actually invested in the market or in the applicable index. IUL products are subject to all policy fees and charges normally associated with most universal life insurance.

That’s a mouthful, but essentially IUL products can protect your family and potentially provide for them in the long run.