What is indexed universal life insurance (IUL)?

The primary purpose of life insurance is to provide a death benefit to your loved ones. It helps ensure your beneficiaries receive death benefit proceeds generally tax-free to help cover funeral expenses, final costs, income replacement or whatever else they need when you pass away. Midland National indexed universal life (IUL) insurance takes that a step further by offering you death benefit protection, as well as the opportunity to build long-term cash value influenced by the growth of a stock market index without directly investing in the stock market.

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