Indexed whole life insurance offers lifelong coverage and potential for cash value growth. This blend of investment life insurance benefits makes it particularly appealing to individuals seeking a balance between investment growth and lower potential volatility. However, it may not be the right fit for everyone.
This type of policy comes with risks like higher premiums and capped growth. Understanding the relevant factors, including the advantages and drawbacks, can help determine whether an indexed whole life insurance policy is a worthwhile addition to your financial plan.