Index Universal Life insurance is a type of permanent life insurance, which means you cannot outlive the policy if the policy is funded correctly.
This product has a cash value component in addition to a death benefit.
The money in your cash value account will earn interest based on a stock market index chosen by your insurer, such as the S&P 500, the Nasdaq Composite or US Pacesetter.
As it is permanent, it can be used for Funeral Final Expense, leaving a legacy, supplementing your retirement as well as Mortgage Protection.