When planning for retirement, most people think of the 401(k). But another option that’s gaining attention is the Indexed Universal Life (IUL) policy. While both can help you prepare for the future, they work very differently. Let’s break it down.

Choosing the right life insurance policy can feel overwhelming, especially with so many options available. Three of the most common choices are Indexed Universal Life (IUL), Term Life Insurance, and Whole Life Insurance. Each serves different needs and goals—whether you’re focused on affordability, lifelong protection, or building wealth over time. Let’s break them down.