In October, we passed the 90th anniversary of “Black Tuesday,” the ruinous stock market crash of 1929.
The financial industry has come a long way since then. Human psychology has not. We still worry about market downturns. On the other hand, financial professionals remind us that it should be just as worrisome when our assets earn less than the rate of inflation.
This is how indexed universal life insurance (IUL) is proving its resolve well beyond its primary mission to provide tax-free death benefit protection. It can help protect the assets in the cash value as well.(more…)