One simply cannot suggest that “you’re actually invested in the market” with an IUL
November 14, 2023 by Sheryl J. Moore
In response to June Sham with NerdWallet,
One cannot suggest that “you’re actually invested in the market” with an indexed UL.
You do not invest in the market with IUL; you merely earn interest based upon the market’s performance.
And “if the market does poorly, your cash value might be protected against the full loss?”
If the market does poorly, your cash value is always protected against the full loss with indexed life.
As for “you’re withdrawing from your cash value and the market has declined, it could potentially subtract from your death benefit,” that’s a big no.
It most definitely will “subtract from your death benefit.”
I am a fact-checker for media outlets. Please feel free to reach-out to me, in the future, if writing about life insurance or annuity products. I’m always happy to help ensure that journalists get the facts straight, when it comes to these products. -sjm