IUL (indexed universal life) insurance is a permanent form
of protection that accrues monetary value over the course of your life.
Contrary to other universal plans that solely allow for cash value increase
through non-equity earning rates, an IUL policy permits some cash
value growth through an equity index account. As is the
case with all universal life insurance plans, after you've amassed enough cash
value, you can utilise it to either partially or completely
pay your premiums while maintaining the same death benefit.