Permanent Coverage

Permanent Coverage in life insurance refers to policies designed to provide lifelong death benefit protection, in contrast to term life insurance which covers a specific period.

Characteristics in the context of Indexed Universal Life (IUL) policies:

• Lifelong Death Benefit: Ensures coverage for the insured's entire life.
• Cash Value Component: Grows based on a selected stock market index's performance, with a floor for market downturn protection.
• Dual Benefit: Offers both lifelong insurance coverage and the potential to build accessible cash value over time.

Permanent Coverage in IUL policies combines the security of lifelong insurance with the financial growth opportunity through a cash value component.