Life insurance can help support family income, debt obligations, estate liquidity, final expenses, business needs or legacy goals.
Protection for a defined coverage period when the primary need is death-benefit coverage.
IUL is permanent life insurance with cash-value interest crediting linked to an external index, subject to policy caps, floors, participation rates, charges and other contract terms. Cash value is not directly invested in the index.
Participating whole life can combine permanent protection with guaranteed cash values and potential non-guaranteed dividends, depending on the carrier and policy.
Strategies often called infinite banking generally use a properly designed cash-value life insurance policy and policy loans as part of a personal financing approach. They require careful design, funding discipline and an understanding of loan interest, policy performance and lapse risk.
Permanent life insurance should be evaluated first as an insurance contract. Cash-value access, accumulation potential, loans, tax treatment and legacy goals can be important, but they should be considered alongside policy costs, funding requirements, guarantees and long-term sustainability.
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