Indexed Universal Life vs Guaranteed Universal Life

The main difference between IUL (Indexed Universal Life) and GUL (Guaranteed Universal Life) lies in their cash value growth and premium flexibility. IUL ties its cash value growth to market indices, offering the potential for higher returns but also carrying market risk. GUL, on the other hand, provides a guaranteed interest rate on the cash value, ensuring steady growth but at a typically lower rate. IUL offers more flexibility in premium payments, while GUL often requires stricter
adherence to a schedule to maintain the guaranteed death benefit.