Life

Indexed Universal Life (IUL)

Universal life whose cash-value growth is tied to a market index, subject to caps and floors.

An IUL credits interest based on a market index (such as the S&P 500) up to a cap, with a floor (often 0%) that protects against index losses. It keeps the flexible premium and adjustable death benefit of universal life.

Related terms

Universal Life Insurance
Variable Life Insurance

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