Leverage IUL Insurance for Retirement
by Mark Peterson
Senior Vice President, Independent Distribution, AIG Financial Distributors
Permanent life insurance, which offers not only a death benefit, but also the potential for cash value growth in the policy, can play a key role in retirement planning. Sales of index universal life (IUL) insurance, a type of permanent life insurance, have risen recently, perhaps because IUL offers so many attractive features. Potential growth in cash value is linked to market index performance, with guaranteed floors to protect against loss in down markets.
IUL insurance is designed to facilitate not only tax-deferred growth, but also tax-free income (based on current tax law) when...