So you’ve finally made up your mind to use Indexed Universal Life (UIL) to accumulate wealth beyond Wall Street. Well, this is a step in the right direction if the numerous benefits it offers are anything to go by. However, you need to weigh in both the pros and cons before deciding on anything. After all, this wealth accumulation theory relies on Wall Street, despite the name.

Luckily, we are here to help clear some of the doubts you might have in your mind. In this article, we will take you through some of the things you need to know about Indexed Universal Life. Keep on reading to find out more.

It Can Lose Value

Even though there is nothing wrong with using the UIL to accumulate finances, this decision might end up working against you. And that’s easy to see why since the Indexed Universal Life Insurance Policy can lose value in years when the market goes down or sideways. If this is not enough, it can also lose value when the market goes up by just a little. No wonder many people are hesitant to use the UIL in accumulating wealth over time.

You May Only Get a Death Benefit

Even though some policies offer a guarantee that your policy will not lapse, this simply means that you will have a death benefit. However, this is not a guarantee that you will have any cash value. And with not cash value to fall back on, you may have to continue paying premiums out of your pocket to keep the death benefit in force. Failure to do so, you may not accumulate the intended wealth no matter how hard you try.

The Bottom Line

These are just but some of the things you need to know about Indexed Universal Life insurance before you can finally use it to accumulate wealth beyond Wall Street. It is highly advisable that you spend some time doing your homework if you’re to know everything that’s destined to come your way. It is then that you can change your life for the better.


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