What is the difference between Guaranteed Universal Life & Indexed Universal Life?

These are two amazing products that serve very different purposes, even though, they are both universal life policies. Indexed universal life policies can be one of the most complex life policies to write. We have seen so many poorly structured IUL policies that are putting clients in terrible situations. IUL's can be a fantastic way to help your clients grow cash value and possibly use it for income, a 1035 exchange, and more if you know what you're doing. This means increased sales and higher premiums, which is more money in your pocket. GUL's are great for clients that are looking to maximize their death benefit, and keep their premium level for an extended period of time. Sometimes whole life or IUL's are too expensive when someone is in their 50's or older for the amount of insurance they are looking for. GUL's are great for these situations. Connect with our VIP Mentor Haven Group where we break down these products in detail, along with much more.

The Benefit Haven is here to help agents become successful, or for agents to break through to have even more success than they are currently having.

[kristinawhite]

Great explanation, very accurate. The sad part is that at age 80 the insurance cost for IUL will become insaint and image at age 90 - 100! So here is small disclosure for you mr. client - 'Well, as long as you don't live past 80 you'll be fine!"