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.