Universal Life and Indexed Universal Life (IUL)

Secure the Future, Protect Whats Important

Universal Life Insurance

Universal Life is permanent life insurance that blends long‑term protection with flexible premiums and the ability to build cash value over time. It offers the affordability of term insurance with the added benefit of a savings component that grows tax‑deferred.

You can adjust your premiums, increase or decrease your death benefit, and make additional contributions as your needs change. As cash value builds, you can borrow from it or even use it to cover future premiums. This flexibility makes Universal Life a strong option for families who want lifetime coverage that can adapt to different stages of life.

Cash value in a Universal Life policy grows at a variable interest rate that is updated monthly. When interest rates are strong, your policy can grow faster. When rates are lower, the policy still provides the security of permanent coverage.

Indexed Universal Life (IUL)

Indexed Universal Life is a more advanced form of Universal Life that ties cash value growth to a market index such as the S&P 500. Your money is not directly invested in the market, but the policy earns interest based on index performance.

IUL offers the same flexible premiums and adjustable coverage as traditional Universal Life, but with the potential for higher long‑term growth. It also includes a built‑in safety feature: even if the market performs poorly, your credited interest rate cannot drop below zero. This gives you downside protection with upside opportunity.

Many families choose IUL for its combination of lifetime protection, tax‑advantaged cash value growth, and the ability to build supplemental retirement income.

Why People Choose Universal Life or IUL

Flexible premiums that can increase, decrease, or be skipped when cash value is available
Adjustable death benefit that can grow with your needs
Tax‑deferred cash value growth
Access to cash value through loans or withdrawals
Potential for higher returns with IUL’s index‑linked crediting
Downside protection in IUL policies, ensuring your cash value never loses money due to market declines

FORM NAME: Get an insurance review

First Name

Last Name

Date of Birth

Your Email

Your Phone Number

Street Address

Address Line 2

City

State

Zip

Products You are Interested In

Auto Insurance Home Insurance Renters Insurance Condo Insurance Life Insurance Motorcycle Insurance Boat Insurance Umbrella Insurance

Additional Comments

Text Paragraph

Submitting information via this website will direct you to a licensed insurance agent. Your information will not be shared.

Subscribe to Messages

By clicking ‘Subscribe,’ I agree to receive recurring informational SMS, MMS, email, or phone messages from Evans Insurance Agency. Message frequency may vary. Message & data rates may apply. Reply STOP to opt-out of further messaging or HELP for more information. Your mobile information will not be shared with third parties for marketing purposes; see our Privacy Policy