Index Universal Life (IUL) Insurance from Shoals Legacy Agency provides you with flexible premium payments and customizable coverage to meet your changing needs over time. It’s designed to offer long-term protection for your loved ones while also allowing the opportunity for your policy’s cash value to grow based on the performance of a chosen stock market index, such as the S&P 500, without directly investing in the market.

Key Benefits:

Flexible Premiums:

Adjust your premium payments to suit your financial situation, making it easier to maintain coverage during challenging times or contribute more when you can.

Potential Cash Value Growth:

Your policy’s cash value has the potential to grow over time, tied to the performance of a selected market index, with the added benefit of protection from market losses.

Tax-Deferred Growth:

Cash value growth within an IUL policy accumulates on a tax-deferred basis, allowing your investment to grow more efficiently.

Access to Funds:

You may access your policy’s cash value through loans or withdrawals, providing a flexible source of funds for unexpected needs, education, or retirement planning.

Death Benefit Protection:

In the event of your passing, your beneficiaries receive a tax-free death benefit, ensuring financial security for your loved ones.

With Index Universal Life Insurance, you can enjoy the security of life insurance protection while potentially building a tax-advantaged financial asset for the future.