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IUL for Kids: Building a Bright Future

As parents, we all love and want what's best for our kids. This includes wanting the best for their future financially.

What is an Indexed Universal Life?

Indexed Universal Life (IUL) is a unique life insurance plan designed to provide financial security and long-term growth potential. It not only offers the protection and peace of mind that life insurance brings, but also acts as a powerful savings vehicle that can help fund your child's future endeavors, such as education, a down payment on a home, or starting a business.


Invest in Your Child's Future Today

Setting up a properly-designed IUL for your child as early as possible is an incredibly effective savings strategy that can put them on a fast track to financial success as they reach adulthood. Don't wait another day to secure your child's financial future. IUL for Kids offers a unique and powerful combination of protection, savings, and growth potential to ensure that your child has every opportunity to thrive.

Family Walking Around the Neighborhood

Why IUL?

  • How do Living Benefits Work?
    Once a qualifying health event has occurred on an active policy, a Living Benefits policy will allow the insured party to accelerate the death benefit, essentially allowing early access to the policy’s death benefit at a discounted rate. That discount will vary depending on the severity of the illness or injury. The more impact the health condition had on the insured’s life expectancy going forward, the more money they will be offered per given amount of death benefit.
  • What is an example of a Living Benefits pay out?
    For example, a client with a $500,000 Term policy who suffers a major, life-threatening cancer diagnosis may be offered $400,000 in exchange for accelerating their full $500,000 policy. On the other hand, a client who suffers a minor heart attack and whose prognosis is very positive may only be offered $100,000 in exchange for the full $500,000 acceleration. In all cases, it is the client’s decision of whether to accept the offer and take the money or leave the full death benefit in place. In many cases, it’s even possible for the client to accept a partial offer and get some money in their hands while leaving a portion of death benefit in place for the future.
  • What is covered by Living Benefits?
    ABRs and triggers can vary widely between insurance carriers and products, so it’s important to be educated on what riders are included any Living Benefits policy you may be considering and know what conditions would qualify for a Living Benefits claim. The top Living Benefits products out there will offer all of the following ABRs and associated triggers at no extra premium cost: ‍Terminal Illness: 1-2 years expected to live ‍Chronic Illness: Unable to perform 2 of 6 activities of daily living OR severe cognitive impairment ‍Critical Illness: Cancer, heart attack, stroke, major organ transplant, kidney failure ‍Critical Injury: Paralysis, coma, major burns, severe brain injury
  • Why own Living Benefits?
    In this day and age, it always makes sense to have Living Benefits included as part of your life insurance policy. Compared to traditional life insurance, which only pays out the death benefit if you die, Living Benefits provide you with more options and more access to your policy’s benefits in more scenarios. Any Living Benefits claim offer can always be declined if you wish, but having options is always better than not having options, especially after a major unexpected health event.
  • How do I get Living Benefits?
    Living Benefits are kind of our thing. Reach out to us – we can connect you with our network of licensed Living Benefits experts who can audit any current coverage you have and make sure your family has the most modern and up-to-date coverage available.

Start investing today in your child's future.

One of the most compelling features of IUL for Kids is the opportunity for cash value accumulation. Watch the video to learn more!

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