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Indexed universal life insurance is incredibly misunderstood. Not only by consumers, but by most agents as well.

It's true that IUL can be a major source of tax free income in retirement. Those tax free income benefits were written and cemented into law in 1982, 1984, and 1988 with TAMRA, TEFRA, and DEFRA legislation.

What is important to understand is the mechanics behind tax free income from indexed universal life (IUL). Policy loans are what provide benefits tax free. If you don;t understand how they really work (most don't) then you won't be able to understand the benefits and the risks associated with life insurance policy loans.

There are several different types of IUL policy loans:
Standard Fixed Loans
Wash Loans
Fixed Participating Loans
Variable Participating Loans
Variable Participating Loans With a Cap

Each has its pros and cons and it is important to understand how each loan provision works.

Other Resources:

Is My IUL Any Good:
   • IS MY IUL GOOD? MAXIMUM TAX FREE INCO...  

Was My Indexed Universal Life (IUL) Designed For Tax Free Retirement Income:
   • Tax Free Retirement Income Indexed U...