Feb 1, 2023
Index universal life insurance policy is permanent life insurance that has a cash value component in addition to a death benefit. In today’s episode of Grow Money Business podcast, Grant talks about what index universal policy is, falsehoods that come with insurance representatives, and more.
[04.08] Index universal life policy – Starting the discussion, Grant defines index universal life policy and how it works.
[08.57] A variable life insurance policy – Grant defines a variable life insurance policy and how it differs from an index universal policy.
[12.42] Ups and downs – Grant explains what happens when the market goes ups and downs in an index universal policy.
[14.42] Half-truths – Grant shares inaccuracies that come with the sales pitch of a universal life policy.
[22.07] Legitimate uses – Grant shares the legitimate uses of permanent life insurance in a business setting.
Resources
A Guide to Indexed Universal Life Insurance –
nerdwallet.com/article/insurance/indexed-universal-life-insurance
Is IUL a Scam? Yes. –
personalfinanceclub.com/is-iul-a-scam-yes/
10 REASONS TO AVOID INDEXED UNIVERSAL LIFE INSURANCE (IUL) –
youstaywealthy.com/podcasts/avoid-indexed-universal-life-insurance-iul/