VUL/IUL: A Tale of Two Products

For years, life insurance has been used as an accumulation vehicle. Today, accumulation-oriented life insurance is more attractive than ever.
1. New products are much more efficient by minimizing the internal costs of the death benefit and expenses providing higher accumulated values.

2. New products are much more flexible, providing features that give clients access to cash values earlier and cover more risks, such as long term care, nursing home costs, terminal illness, chronic illness, critical illness, etc.

3. The taxation benefits of life insurance — tax-free inside buildup and tax-free distributions. In a world where future tax rates are uncertain at best, this gives life insurance a huge advantage over other accumulation vehicles.

VUL/IUL: A Tale of Two Products
Source: Producer's Web