In the unfortunate event of a premature death, an equity indexed universal life insurance can provide financial benefits for the family, business associates, or any other beneficiary you desire.
It is a permanent life insurance that allows the flexibility to choose the coverage amount based on their individual preference of the premium amount to be paid. This can also be changed at any point in time. The death benefit is paid income tax-free, a significant advantage only available with life insurance. These can help provide for emergency needs.
Equity Index Universal Life insurance also allows cash value accumulation in addition to the death benefit. This cash value can be used as a living benefit by allowing the insured to access his cash value.