Indexed Universal Life insurance provides permanent protection with the opportunity to build cash value based on the performance of a selected market index, such as the S&P 500. While the policy participates in market gains up to a capped amount, it also includes downside protection so the cash value does not decrease during market losses. IUL is flexible, allowing policyholders to adjust premiums and death benefits as their needs change. Cash value can be accessed tax-advantaged for retirement income, major expenses, or emergencies. This makes IUL a versatile planning tool for families seeking both protection and potential long-term growth.