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Index Universal Life (IUL) Insurance

Index Universal Life (IUL) Insurance from Shoals Legacy Agency provides you with flexible premium payments and customizable coverage to meet your changing needs over time. It’s designed to offer long-term protection for your loved ones while also allowing the opportunity for your policy’s cash value to grow based on the performance of a chosen stock market index, such as the S&P 500, without directly investing in the market.

Key Benefits:

Flexible Premiums:

Adjust your premium payments to suit your financial situation, making it easier to maintain coverage during challenging times or contribute more when you can.

Potential Cash Value Growth:

Your policy’s cash value has the potential to grow over time, tied to the performance of a selected market index, with the added benefit of protection from market losses.

Tax-Deferred Growth:

Cash value growth within an IUL policy accumulates on a tax-deferred basis, allowing your investment to grow more efficiently.

Access to Funds:

You may access your policy’s cash value through loans or withdrawals, providing a flexible source of funds for unexpected needs, education, or retirement planning.

Death Benefit Protection:

In the event of your passing, your beneficiaries receive a tax-free death benefit, ensuring financial security for your loved ones.

With Index Universal Life Insurance, you can enjoy the security of life insurance protection while potentially building a tax-advantaged financial asset for the future.