Indexed Universal Life

Create tax-free income in retirement

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What You Get


  • Permanent coverage as long as premiums are paid
  • Accumulated cash value that can increase over time
  • Accessible cash value that can be leveraged as tax-free income

Why You Need It

  • To financially secure your family in the event of your passing
  • To provide for your retirement needs
  • Flexible premium amounts

Indexed Universal Life (IUL) Insurance


This is a type of permanent life insurance policy that has guaranteed cash value and a death benefit. The cash value can earn interest based on the performance of certain stock market indices. Each year this policy credits interest accrued via the index to your cash value. Most carriers have a cap on interested credited, usually 10-12% annually. The flip side to this coin is that most carriers also have a floor to interest credited, usually 0%. This means that in a year where the index has a negative return, your cash value is generally protected from market volatility.

In contrast to whole life insurance, indexed universal life insurance (IUL) allows you to adjust your premium for the higher growth potential of your cash value. Generally, if you want greater returns, you have to purchase a larger face amount to maintain the tax advantages offered by the IRS. Also, you have to bear the risk of getting no interest if the index goes down. Apart from this, you can also adjust your death benefit within specific limitations, but you may be required to complete a medical exam to do this.

Another feature found in this type of insurance is it allows you to withdraw or borrow against the cash value. IULs are often used as vehicles to create tax-free income in retirement because when you withdraw the cash value it is taken as a loan, this means that your policy is still earning interest as if the money was never out of the account. If structured properly and market conditions are favorable, it is possible to create a policy that provides income in retirement for decades. The terms “infinite banking concept”, “IBC”, and “family banking” are often used to describe the concept of indexed universal life insurance. Any outstanding loans when you pass away shall are simply reduced from the death benefit.

If you are in good health and want life insurance and cash value accumulation for your retirement needs, IULs are a fantastic option.

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Our Customers

I was very lucky to have Mr. Casey Clem as my insurance agent. He was very professional and not aggressive. He did a great job finding a policy that would work for me. He took into consideration all of my wants and needs in finding the right plan. He came to my home and we were personally able to discuss the different types of insurance and were successful in choosing the right one for me. When I had concerns he was very patient and explained things so that I could understand them. I would definitely recommend Mr. Clem to anyone needing to find insurance for themselves or their family.”

Shannon Arnold

“Casey is experienced in helping you find the best policy for your needs. Very professional and really caring for the people he helps. Casey and his team will take great care of you. Highly recommend it.”

Timothy Hamilton

” Casey helped me get a better plan with better coverage! If you need an agent, Casey is a good one!”

Elizabeth Patterson

“Casey helped me get more coverage for less money. He was very knowledgeable about all the options available and helped me pick the right plan. Thanks, Clem Insurance Group!”

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