Congratulations! You did it! You helped your client start an Indexed Universal Life (IUL) Insurance policy, which will give their family tax-free death benefit protection. It looks like everything is perfect, but there is more work to be done to ensure the policy performs at its full potential.

In April of 2016, the Department of Labor’s Fiduciary Rule rolled out and many financial advisors began making changes to their practice. No one really knew exactly how it would impact financial professionals and their practice, however, everything pointed to a fundamental shift in the areas of financial and insurance advice.

You may have found articles on the internet stating that an Indexed Universal Life policy is expensive but is that really the truth?

So you're looking to purchase a life insurance policy, but not sure which policy to choose. Whether it's term or permanent, you will want to understand the fundamentals between the two categories.