Indexed Universal Life (IUL) insurance offers a robust, lifelong coverage that focuses on building cash value. While traditional universal life policies anchor their cash value growth on fixed interest rates, IULs introduce a dynamic method, linking the growth to an equity index account like the S&P 500 for example. This innovation ensures that as your policy matures and cash value amplifies, you can leverage it to potentially decrease or even completely offset premium costs, all while preserving the full death benefit.  The cash accumulation value grows tax deferred, offering very powerful, tax-free retirement planning solutions.