Limited Pay Life Insurance

Limited Pay Life Insurance, or limited premium, applies to various permanent life insurance types, including Indexed Universal Life (IUL) policies. With limited pay IUL, your payments within the designated period secure lifelong coverage and contribute to a cash value account. This account's growth potential is linked to a market index, subject to limitations set by the insurer.

Here's a breakdown of the key features:

• Coverage Types: Applicable to both whole life and IUL policies.
• Lifelong Protection: Enjoy coverage for your entire life after the payment period.
• Higher Initial Premiums: Expect higher premiums during the limited payment phase than standard policies.
• Cash Value Growth (IUL): IUL policies offer the potential for cash value accumulation linked to market index performance, providing financial flexibility.
• Retirement Planning: A popular choice for those aiming to eliminate insurance premiums during retirement.

Limited-pay life insurance can appeal to high-net-worth individuals who prefer to fund their insurance during their peak earning years, ensuring lifelong benefits without ongoing financial commitments.