Indexed Universal Life Categories Main Products Life Insurance Indexed Universal Life ← All Topics Flexible Premium Flexible Premium Coverage Length Living Benefits Income Accumulation Contributions Premium payments are flexible Permanent Coverage duration has both guaranteed and non-guaranteed aspects Living Benefits This feature covers Terminal, Critical, and Chronic Illness. Payment amounts are based on the severity and life expectancy. Distribution Loan and withdrawals are both ways to start income Depending on the insurance company, this can mean moving to an Indexed Univeral Life (IUL), Guaranteed Universal Life (GUL), Guaranteed Indexed Universal Life (GIUL) or Whole Life. Cash Value Account value grows over time with crediting based on indices Low-Cost Temporary Life Insurance Sales Concepts