What if your life insurance could do more than pay a death benefit?
Discover how Indexed Universal Life insurance combines permanent coverage with the potential to build cash value over time — a policy that can fit into a broader financial strategy, not just an end-of-life benefit.
- Permanent life insurance protection, provided the policy remains in force
- Cash-value accumulation potential with index-linked interest crediting
- Potential access to available cash value through policy loans and withdrawals
- Flexible premium structures, subject to policy requirements
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Review Fee
IUL + WL
Options Compared
Explore your cash value life insurance options
Connect with a licensed Heritage Protection professional to explore IUL and Whole Life options based on your goals.
Life insurance that can work while you're living
Indexed Universal Life is built to combine permanent protection with the potential to build cash value you may access during your lifetime. Our independent advisors help you see whether IUL or Whole Life better fits your long-term financial strategy.
Why Indexed Universal Life
Permanent protection with cash-value potential
Indexed Universal Life insurance combines a permanent death benefit with the potential to build cash value over time — a policy that can fit into a broader financial strategy, not just an end-of-life benefit.
Index-linked cash-value potential
IUL cash value may earn interest credited based on the performance of a market index — subject to caps, participation rates, spreads, and floors. Crediting is not guaranteed and is not direct stock-market investing.
Access to available cash value
Depending on policy terms, you may access available cash value through policy loans or withdrawals. Loans and withdrawals can reduce cash value and death benefit and may increase the risk of lapse.
Flexible premium structures
IUL lets you adjust how much and when you pay within policy limits, so funding can flex with your budget and goals — provided the policy stays adequately funded to remain in force.
Permanent protection
IUL provides a permanent death benefit designed to last your entire life, provided the policy remains in force. Whole Life offers the same permanence with contractual guarantees for those who prefer certainty.
Living benefits
Life insurance that can work during your lifetime
Life insurance isn't only about what you leave behind. Certain permanent life insurance policies can accumulate cash value that may be accessed during the policyholder's lifetime — giving you options beyond a death benefit alone.
The central idea: a policy that protects your family can also be structured to support your financial flexibility while you're living.
Cash value that may build over time
Certain permanent life insurance policies can accumulate cash value as you pay premiums. With IUL, that cash value may earn interest credited based on the performance of a market index, subject to the policy's crediting terms.
Potential access while you're living
Depending on your policy, you may be able to access available cash value through policy loans or withdrawals. That can offer financial flexibility during your lifetime — for opportunities, expenses, or supplemental income.
Important: Loans and withdrawals can reduce the policy's cash value and death benefit, may have tax consequences, and can increase the risk of policy lapse. Outstanding policy loans accrue interest and, if not repaid, may cause the policy to lapse. A licensed advisor can explain how these features apply to a specific policy.
How it works
How does Indexed Universal Life work?
IUL is built to combine permanent protection with cash-value potential. Here's how the pieces fit together — in three simple steps.
Choose your coverage and funding approach
You select a coverage amount and a funding approach that fits your budget and long-term goals. A licensed advisor helps you structure the policy so it's designed to stay in force over time.
Premiums support benefits and cash value
After applicable policy charges, premiums support the death benefit and build cash value. That cash value may earn interest credited based on a market index, under the policy's crediting terms.
Cash value may offer flexibility
Over time, accumulated cash value may provide financial flexibility through available policy features — such as policy loans or withdrawals, subject to policy terms, costs, and lapse risk.
Index-linked crediting is not direct stock-market investing. Caps, participation rates, spreads, floors, and policy charges all limit how much interest is credited, and cash-value growth is not guaranteed. Past index performance does not guarantee future results.
IUL vs. Whole Life
Which cash-value life insurance fits you?
Both are permanent life insurance — but they build cash value differently. IUL offers flexible premiums and index-linked potential; Whole Life offers predictable premiums and contractual guarantees.
Indexed Universal Life (IUL)
Flexible, index-linked cash-value potential
- Permanent death benefit protection, provided the policy remains in force
- Flexible premium structure you can adjust within policy limits
- Cash value that may earn interest tied to a market index
- Potential access to available cash value through policy loans and withdrawals
- Interest crediting subject to caps, participation rates, spreads, and floors — not guaranteed
Best for
Those seeking flexible premiums and index-linked cash-value potential who are comfortable with non-guaranteed performance and policy costs.
Whole Life Insurance
Predictable premiums, contractual guarantees
- Lifelong coverage that never expires, as long as premiums are paid
- Fixed, level premiums that stay the same for life
- Guaranteed cash-value growth set by the policy terms
- Guaranteed death benefit paid to your beneficiaries
Best for
Those who prefer predictable premiums and contractual guarantees over flexibility and index-linked potential.
Cash-value growth, interest crediting, and policy performance vary by carrier and policy. IUL returns are tied to a market index and are not guaranteed; caps, participation rates, spreads, floors, and policy charges apply. Whole Life guarantees are subject to the terms of the policy and the claims-paying ability of the issuing insurer. A licensed advisor can walk you through the details for your situation.
Ready to explore your cash value options?
It takes under a minute to request a call. Your advisor will compare IUL and Whole Life side by side and help you decide what fits your financial strategy — no pressure, no obligation.
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