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What Are IUL Cap Rates and How Do They Work?

Understanding IUL Cap Rates

Cap rates are a key feature of IUL policies that limit the maximum return your cash value can earn based on index performance.

How Caps Work

If the S&P 500 returns 20% in a year and your policy cap is 11%, your cash value is credited 11%. If the index returns 8%, you receive the full 8%. If the index loses 10%, your floor protects you and you receive 0-1%.

Current Market Cap Rates

  • Average IUL cap rates: 9-13%
  • Historical average credited rate: 6-8%
  • Cap rates can be adjusted annually by the carrier
  • Higher cap rates may come with lower participation rates

Choosing the Right Policy

When comparing IUL policies, look at the combination of cap rate, participation rate, and floor — not just one factor. A policy with a 10% cap and 100% participation may outperform one with a 12% cap and 80% participation.

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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

What Are the Best IUL Insurance Companies? +

Top IUL insurance companies include Pacific Life, National Life Group, North American, Allianz, and Nationwide. The best choice depends on your age, funding level, and whether you prioritize cash accumulation or death benefit. 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