Mr. Samy Beshay: Indexed Universal Life insurance policy

Mr. Samy Beshay: Experts in all kinds of insurance

Indexed Universal Life is one of permanent life insurance

It provides flexibility for premium payments and benefits for the beneficiaries of the document and the money saved in the paper.

Indexed Universal Life insurance policy

The insured is to allocate the amounts of the cash value to calculate the index of shares invested in the stock exchange, such as the S&P 500, which is an index of the American stock market for the largest 500 companies that have shares listed on the New York Stock Exchange or NASDAQ, which is the abbreviation of the National Association of Securities Dealers Automated Quotations, which was founded in 1971.

IUL is considered one of the best life insurance policies for obtaining income at retirement age through the accumulated cash value, or the beneficiaries of the policy can get the policy amount in addition to the accumulated cash value, unlike the fixed-term life insurance policy that does not contain accumulated cash value.

It is also possible to borrow against it.

When the insurance premium is paid, part of the premium amount covers the insurance cost on the insured's life, and the rest is added to the accumulated cash value, which increases according to the stock index in the stock exchange. Usually, the insurance company sets a fixed minimum interest rate that is guaranteed to be paid by the company, and this rate varies from one company to another.

Riders can be added to an Indexed Universal Life insurance policy such as Accelerated Death Benefit for Terminal Illness and Chronic Illness. The insured can collect cash up to 80% of the policy amount if exposed to Terminal or Chronic Illness.

The policy also includes the Guaranteed Refund Option Rider, which allows the insured to recover 100% of the paid premiums if he decides not to continue his insurance policy during the 20-25 years from the insurance policy's start.

we will discuss here several life insurance types, such as insurance policies for a specific period, ten years, 20 years, or 30 years. Some of these documents can recover the total amount of premiums paid, for example, if you purchased an insurance policy for 30 years. You spent two thousand dollars a year, and the amount of the insurance policy was 250 thousand. If the death occurred during the thirty years, the insurance company pays an amount of 250 thousand dollars to the beneficiaries of the insurance policy. However, if the 30 years have passed and the insured is still alive, he gets an amount of 60 thousand dollars (2000 annual premium * 30 years).

There are helpful insurance documents when retiring from work, insurance documents that benefit tax and good investment documents, and insurance documents that help the insured if he encounters terminal, Critical, Chronic Illness, or Disability.

So you should think first, what is the purpose of buying life insurance? How much can you pay in a life insurance policy? We recommend that you deal with an insurance agent known for his honesty and trust and an insurance company with at least a Rate A Excellent calculator.

I welcome all your questions regarding all types of insurance to the following email.

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