ANTHONY BATTLE Life insurance comes in a variety of forms and can assist in providing some financial relief to you and your loved ones in the event that you pass away. It can be hard to know which type to choose, from whole to term and universal to variable. especially when you include unique insurance products like indexed universal life (IUL) insurance.

You can reap the benefits of market gains while building a cash value with this kind of policy. IUL, also known as equity-indexed universal life insurance, guarantees a payout to your heirs in the event of your death.