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Life Insurance: Fixed Indexed Universal Life
Fixed Indexed Universal Life (FIUL) Insurance is a type of permanent life insurance that combines the benefits of a death benefit with the potential for cash value growth linked to a market index, such as the S&P 500.
Key Features
- Death Benefit Protection: FIUL provides a death benefit to your beneficiaries, ensuring financial security for your loved ones in the event of your passing.
- Cash Value Growth: Part of your premium payments goes into a cash value account, which can grow based on the performance of a selected market index. This allows for potential growth without directly investing in the stock market.
- Interest Crediting: The cash value earns interest based on the index’s performance, with a guaranteed minimum interest rate (often 0%), ensuring you won’t lose money even if the index performs poorly.
- Tax Advantages: The cash value grows tax-deferred, and you can access it through tax-free loans or withdrawals under certain conditions.
- Flexibility: FIUL policies offer flexible premium payments and the ability to adjust the death benefit, allowing you to tailor the policy to your changing needs.
- Market Participation: You can benefit from market gains without the risk of direct investment, as the insurance company uses the index’s rate of return to credit your account.
- Living Benefits: FIUL policies often include living benefits, which allow you to access a portion of the death benefit if you are diagnosed with a chronic, critical, or terminal illness. This can provide financial support for medical expenses, long-term care, or other needs during a challenging time.
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LSS FINANCIAL GROUP
7357 West Flagler Street, Miami, Florida 33144, United States
Hours
Open today | 09:00 am – 05:00 pm |
