Summerlin Benefits Consulting Q&AAnswer
Oct 29, 2024 - 09:59 AM
Fixed Indexed Universal Life (FIUL) insurance offers young policyholders tax-deferred cash value growth and tax-free withdrawals or loans, as long as the policy remains active. This tax-advantaged growth makes FIUL appealing for long-term savings and retirement planning. Young policyholders also benefit from the policy's flexibility in premiums and death benefits, and they can use accumulated cash value to support expenses like education or home purchases.
