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Banks and Insurers pushing Indexed Universal Life Products
Banks and Insurers pushing Indexed Universal Life Products
Apr 20, 2024
Indexed Universal Life (IUL) products provide market-linked growth potential tied to stock market indexes. Further, IULs combine growth potential, downside protection, tax advantages, flexibility, cash value access, and death benefit protection, making them a versatile life insurance option
In thriving Southeast Asian markets, IULs thrive, especially in market upswings. With growth linked to stock indexes, they offer tempting prospects. Actuaries analyze data diligently to predict policy performance amid shifting factors. In Singapore and Hong Kong, where finance and innovation thrive, IUL usage is rising. Globally, 70% of banks are incorporating IULs, acknowledging their potential and commitment to diversification and meeting changing consumer demands.
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