What is indexed universal life express mutual of omaha

An indexed universal life product can be a very effective way to: Supplement your retirement income with policy loans and withdrawals that may be tax free. And provide income-tax-free life insurance benefits to ensure your family or business goals are achieved.

What is indexed Universal Life Express?

Indexed universal life insurance is a type of life insurance that can accumulate cash value* based on market performance. The cash value* can grow based on a market performance index, usually a broad index such as the Sɪmp;P 500 or the Dow Jones Industrial Average.

What is the difference between universal life and indexed universal life?

The main difference between whole life insurance and indexed universal life (IUL) insurance is how the cash value operates. Whole life insurance cash value grows based on a fixed interest rate. In contrast, insurance companies tie IUL cash value to a stock market index's performance.

What does indexed life insurance mean?

Indexed universal life insurance is a type of permanent life insurance, which means it has a cash value component in addition to a death benefit. The money in your cash value account can earn interest based on a stock market index chosen by your insurer, such as the Sɪmp;P 500 or the Nasdaq Composite.

What are the disadvantages in an indexed universal life insurance?

Some of the drawbacks include caps on returns and no guarantees as to the premium amounts or market returns. An IUL policy may be canceled if you stop paying premiums. In general, these policies are best for those with a large up-front investment who are seeking options for a tax-free retirement.