Indexed Universal Life
Index Universal Life Insurance is a flexible premium adjustable life insurance plan that participates in the market upside without receiving any of the market downsides.
Indexed Universal Life insurance plans can have living benefits that allow you to accelerate (use) of a portion of the death benefit while you are still living for things like Cancer, stroke, and heart attack. These policies are not limited to those three illnesses and cover as many as 16 others depending upon the insurance carrier. This gives you the ability to take care of things such as medical bills, mortgage payments, etc. Living Benefits are a great addition to any plan.