Summerlin Benefits Consulting Q&AAnswer
Oct 15, 2024 - 03:40 PM
Yes, Fixed Indexed Universal Life (FIUL) Insurance can be a smart choice for those in their 30s. FIUL combines life insurance protection with cash value growth tied to a stock market index, offering the potential for higher returns compared to traditional whole life policies. It’s flexible, allowing you to adjust premiums and coverage as your financial needs evolve. Plus, the tax-deferred growth and tax-free access to cash value can provide additional financial benefits. However, be aware of fees, return caps, and the long-term commitment needed to maximize its advantages.
