With IULs (Indexed Universal Life policies) you can access a range of tax advantages that wouldn’t be available under a standard policy. Plus, it’s the perfect plan for passing on wealth to future generations. How does IUL work? It takes advantage of market index performance to determine its cash value, allowing flexibility and possible growth. In addition, it offers certain advantages, such as tax-deferred billing – made even better if IULs are funded with pretax dollars. However, it’s also important to note that IUL policies do have drawbacks compared to traditional forms of life insurance