Equity Indexed Universal Life Insurance

Equity Indexed Universal Life Insurance (EIUL) is a form of universal life insurance. EIUL has a death benefit as well as a cash value that grows over time just like the conventional universal life insurance.

One of the main difference between the two types of life insurance is that with an Equity Indexed Universal Life is the advantage of having the growth be tax deferred with it being linked to an equity-index.

Most forms of Equity Indexed Universal Life has a floor guarantee of the minimum interest rate you will earn. A lot of companies will typically offer 0 to 1% as the floor interest rate while offering around 12 to 12.5% as the ceiling interest rate that you can earn.