Indexed Universal Life Insusurance

An Indexed Universal Life Insurance Policy is one which you pay into monthly during your working (earning) years.  The payments you make are split between a cash value balance and classic life insurance with a death benefit.  The cash value balance grows with equity market index increases, but is downside protected from market decreases, therefore the balance can only increase and never decrease.  You can withdraw from this balance or borrow against it to fund your retirement, pay for college tuition or anything you choose.  The gains you earn in this type of policy are tax free.    

A fixed indexed annuity is a policy in which you deposit a portion (one half or less) of your total financial assets.  the balance in the policy grows with equity market index increases, but is downside protected from market decreases, therefore the balance can only increase and never decrease.  After a period of time to grow or immediately if you wish, you activate guaranteed lifetime income and receive monthly payments for the rest of  your life.