IUL Policy Wealth Transfer

When someone receives money from an Indexed Universal Life (IUL) policy

When someone wants to pass on their wealth to their loved ones through an IUL policy (correct)

When someone transfers their life insurance policy to a new beneficiary

When someone cancels their IUL policy and gets a refund

It is invested in the stock market

It is transferred to the beneficiaries of the policyholder (correct)

It is used to pay off the policyholder's debts

It is donated to charity

To invest in higher-risk financial ventures

To increase their own wealth during their lifetime

To avoid paying taxes on their wealth

To ensure their loved ones are financially secure after they pass away (correct)

<p>Both are ways of accumulating resources for future use</p> Signup and view all the answers

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