In Focus—An IUL (Indexed Universal Life) is NOT for everyone.
People with time (compound interest) or money love IULs bc it can provide:
1. Leveraged living benefit for their family
2. Access to cash value for whatever is needed
3. Outperforms in bad markets because of a guaranteed floor to protect your downside
4. Tax free retirement income
Example: Million Dollar Baby Plan. A strategy that uses an insurance policy as an asset for your child so they can have money ready for life.