Premiums and policy funding depend on factors such as age, health, coverage amount, policy design, underwriting, and the selected benefits. Because IUL is flexible-premium insurance, adequate funding and ongoing policy monitoring are important.

Generally, yes. Available cash value may be accessed through withdrawals or policy loans, subject to policy provisions. Loans and withdrawals can reduce cash value and the death benefit and may have tax consequences or increase the risk of policy lapse.

IUL policies include insurance costs, fees, and other charges, and credited interest is not guaranteed beyond applicable policy guarantees. Caps, participation rates, spreads, and other crediting terms can change, and insufficient funding or poor policy performance can affect cash value and the policy’s ability to remain in force.

An IUL can be used as part of a broader long-term financial strategy because it may accumulate cash value that can potentially be accessed later. However, it is life insurance first, not a retirement account, and suitability depends on your protection needs, funding ability, time horizon, policy performance, and other financial resources.