What makes IULs special, however, is the balance they may be able to provide between growth potential for cash values and
possible protection against loss.
Not exact matches
Insurance is simply a way of providing
protection against possible losses or eventuality which might be caused by specified contingency.
Yes, you can buy analogue cables with great insulation and
protection against oustide noise, but there is still an element of
loss that is
possible.
The best way to buy
protection against such financial
loss is to buy an insurance policy for an earning member of the family such that the risk cover (or sum assured) is as high as
possible for the lowest amount of premium payable.
Which is why it would be
possible to have several cash value life insurance policies building concurrently, providing your business with death benefit
protection against the
loss of key employees, all while building a private financing source with tax advantageous growth.