Indexed Universal Life Insurance Policies (IUL)
Indexed Universal Life (IUL) insurance policies are a relatively new ‘hybrid’ product that insurance companies offer, combining the best aspects of the fixed whole life and the variable life insurance.
The main distinguishing feature of this type of life insurance is that it allows you to invest the cash value in index options that follow the movement of an index, such as the Dow Jones Industrial Average and the S&P 500.