Exploring the Benefits of Indexed Life Insurance for Financial Security
Indexed life insurance (ILI) offers individuals a unique way to secure both financial protection and growth potential. With a blend of life insurance and an investment component, it provides flexibility in how premiums are managed and how the policy grows over time. This financial tool is designed to meet both short-term and long-term financial goals by offering a death benefit and the opportunity to accumulate cash value. Let's explore the key benefits that make indexed life insurance an attractive option for long-term financial security. What is Indexed Life Insurance? Indexed life insurance is a type of permanent life insurance that allows the cash value to grow based on the performance of a stock market index, such as the S&P 500. This means the policyholder has the potential to earn higher returns than a traditional whole life insurance policy, with less risk due to the index's structure. Growth is tied to the index's performance, but there is usually a floor to en...