Life Insurance

Affordable Insurance Agency LLC wants to help you protect your future with the right life insurance plan.

Universal & Indexed Universal Life

Life insurance is more than a safety net — it’s a financial tool that can help protect your loved ones, build long-term security, and even grow your wealth. Universal Life (UL) and Indexed Universal Life (IUL) policies offer flexibility that traditional life insurance often doesn’t provide.



With these policies, you get both a death benefit for your beneficiaries and the ability to accumulate cash value over time. This cash value can be accessed while you’re living for needs like supplemental retirement income, unexpected expenses, or opportunities you don’t want to miss.

What Makes Universal Life Different?

Unlike term insurance, Universal Life is designed to last your entire lifetime and offers:


  • Flexible Premiums: You can adjust your payment amounts and frequency to fit your budget.


  • Adjustable Death Benefits: Increase or decrease your coverage as your needs change.


  • Cash Value Growth: Earn interest on the policy’s cash value, often at rates higher than standard savings accounts.

Indexed Universal Life: Growth Linked to Market Performance

Indexed Universal Life takes the flexibility of UL and adds market-linked growth potential without the risk of direct stock market investing.


  • Index-Linked Interest: Your cash value can grow based on the performance of a stock market index (like the S&P 500), subject to caps and floors.


  • Downside Protection: While gains are tied to the market, your policy won’t lose value due to market downturns.



  • Tax-Advantaged Growth: Cash value grows tax-deferred, and withdrawals or loans may be tax-free when structured properly.

Deciding Between UL and IUL

When choosing between these two permanent life insurance types, consider:


Your Risk Tolerance:

  • UL offers steady, predictable interest rates.
  • IUL offers potentially higher returns, but they can vary year-to-year depending on the market index performance.



Your Long-Term Goals:

  • If you want consistent growth and simplicity, UL might be best.
  • If you’re comfortable with some variability for the chance of higher growth, IUL may be a better fit.


Your Budget Flexibility:
Both UL and IUL allow you to adjust premiums and death benefits, making them adaptable to changes in income, expenses, and life stage.