Author: UFC4Wealth

Indexed Universal Life (IUL) insurance is a type of permanent life insurance that offers a death benefit along with a cash value component that can grow over time. It combines the benefits of universal life insurance with the potential for higher returns based on the performance of a stock market index, like the S&P 500. IUL insurance is designed to provide flexibility, allowing policyholders to adjust their premiums and death benefits, while also offering the potential for significant cash value accumulation.

Bank-Owned Life Insurance (BOLI) is a form of life insurance purchased by banks where the bank is both the policy owner and the beneficiary. BOLI serves as a tax-efficient method for banks to fund employee benefits, enhance earnings, and manage liabilities. The cash value growth of BOLI policies is typically tax-deferred, providing banks with a stable, long-term asset that contributes to the institution’s overall financial health.