Protect Your Future with the Flexibility of an Indexed Universal Life Policy
What Is Indexed Universal Life Insurance?
Indexed Universal Life Insurance (IUL) is a form of permanent life insurance that features:
- Flexible Premiums: You can adjust payment amounts and frequency based on your budget and financial goals.
- Cash Value Growth: Part of your premium goes into a cash value component tied to a stock market index (like the S&P 500), providing growth potential.
- Death Benefit Protection: Your beneficiaries receive a tax-free death benefit, ensuring financial security if the unexpected happens.
With IUL, you’ll benefit from upside market potential with a set cap and floor, which reduces risk during market downturns.
Key Benefits of an IUL Policy
- Market-Linked Returns
- IULs credit interest to your policy’s cash value based on index performance. You gain from market growth while being shielded from major losses thanks to the policy’s floor.
- Tax Advantages
- The cash value in an IUL can grow tax-deferred, and death benefits are generally tax-free for beneficiaries.
- Flexibility and Control
- Adjust premiums and face amounts as your needs change. You can also access cash values for life events, such as education or retirement.
- Long-Term Wealth Protection
- Because it’s permanent, your coverage stays in place for life (as long as you meet premium requirements). This stability can be part of a broader estate planning strategy.
How IUL Fits Into Your Financial Plan
Integrating Indexed Universal Life Insurance into your portfolio can help you:
- Build a Supplemental Retirement Income: Access the policy’s cash value for tax-free loans or withdrawals in your later years.
- Safeguard Loved Ones: Provide a legacy and financial cushion for family or beneficiaries.
- Balance Risk and Reward: Participate in market gains without full exposure to downside volatility.
Ready to see how Indexed Universal Life Insurance can strengthen your long-term financial strategy?
Contact Korhorn Financial Group today for a comprehensive evaluation of your life insurance needs.
Our Process at Korhorn Financial Group
- Discovery Meeting
- We begin by understanding your overall financial situation, risk tolerance, and goals for retirement, estate planning, and protecting your loved ones.
- Customized Strategy
- Based on your profile, we’ll determine if an IUL policy suits your objectives. We’ll also discuss how it can integrate with your retirement planning, estate planning, and investment goals.
- Implementation and Ongoing Support
- Once we select the right policy, we help with the application, underwriting, and policy management. We’ll regularly review your coverage to ensure it keeps pace with your changing life stages.
Frequently Asked Questions
Q: How does an IUL differ from a traditional universal life policy?
A: While both policies offer permanent life insurance and a cash value component, an IUL ties growth to a market index. A traditional universal life policy typically has a fixed interest rate determined by the insurance company.
Q: Are my funds invested directly in the stock market?
A: No. Your IUL’s performance is linked to a market index; your cash value is not directly invested in the market. This linkage provides a minimum guaranteed floor and potential caps on gains.
Q: What happens if the index goes down?
A: Most IUL policies feature a floor—a guaranteed minimum interest rate. This ensures your cash value does not decrease due to poor index performance (though your potential growth can be limited by caps).
Why Choose Korhorn Financial Group
- Experienced Guidance: Our team has decades of combined experience in comprehensive financial planning.
- Holistic Approach: We view life insurance as one piece of your overall financial puzzle, coordinating with investments, retirement planning, and estate strategies.
- Client-Centered Philosophy: We tailor solutions to your unique circumstances, ensuring you feel confident about every step of the process.
Get Started Today
Ready to take the next step toward a more confident financial future? Contact Korhorn Financial Group today:
- Phone: (574) 247-5898
- Email: nonpc@korhorn.com
- Office Locations: Contact | Korhorn Financial Group | Granger, IN
Schedule your complimentary consultation—our dedicated team is ready to provide personalized strategies tailored to your goals. Let’s start building your financial confidence together!
Need More Information?
If you’d like further details on how an Indexed Universal Life policy compares to other life insurance products or want to learn about the best strategies for maximizing your cash value, let us know, and we’ll provide a deeper dive.
