The number one argument I hear from clients when reviewing a life insurance policy designed for cash accumulation? “It’s a terrible investment because the costs are just too high.” But it this really true for indexed universal life (IUL) policies?
If you went and conducted a Google search on “IUL costs” you would probably find several articles written by someone who is trying to sell you other vehicles. Perhaps a mutual fund or a whole life over an IUL.
This article aims to educate you on what the true costs are with IULs and why these contracts may make perfect sense for the long term.