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How Do You Borrow From an IUL Policy?

IUL Policy Loans

One of the most powerful features of an IUL is the ability to access your cash value through tax-free policy loans. Here is how it works:

How Policy Loans Work

  • You can borrow up to 90% of your accumulated cash value
  • Loans are not taxable as long as the policy stays in force
  • Interest rates on loans are typically 4-6%
  • No fixed repayment schedule — you repay on your terms
  • Unpaid loan balances reduce the death benefit

Using Loans Strategically

Many IUL owners use policy loans to supplement retirement income, fund business opportunities, or cover large expenses — all without triggering a taxable event. This makes IUL an effective tax-free income stream in retirement when structured properly.

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Related Questions

What Is Indexed Universal Life Insurance (IUL)? +

Indexed Universal Life (IUL) insurance is a type of permanent life insurance that builds cash value based on the performance of a stock market index like the S&P 500, while providing a floor that protects against market losses. Read more

Is IUL a Good Investment? +

IUL can be a good financial tool for high-income earners seeking tax-advantaged growth and those who have maxed out traditional retirement accounts. It is not a pure investment but a hybrid insurance-savings vehicle. Read more

IUL vs Whole Life Insurance: What Is the Difference? +

IUL offers higher growth potential through market-linked returns with a floor, while whole life provides guaranteed fixed returns (typically 2-4%). IUL has flexible premiums; whole life has fixed premiums. IUL is better for accumulation; whole life is better for guarantees. Read more

Get Your Free IUL Life Insurance Quote

Compare rates from top iul life insurance insurance carriers.

No medical exam required Coverage in as little as 24 hours Rates from $20/month