Summerlin Benefits Consulting Q&AAnswer
Oct 29, 2024 - 10:07 AM
Choosing Fixed Indexed Universal Life (FIUL) insurance as a young adult offers several benefits:
- Growth Potential: Cash value grows linked to a stock market index, allowing for greater accumulation compared to traditional policies.
- Flexibility: Adjustable premiums and death benefits cater to changing financial situations.
- Tax Advantages: Cash value grows tax-deferred, with potential for tax-free withdrawals or loans.
- Long-term Security: Provides life insurance protection alongside a supplemental income stream for retirement.
Source: summerlinbenefitsconsulting.com/is-fixed-indexed-universal-life-insurance-a-sma
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