Indexed Universal Life (IUL) insurance and annuities serve different roles in financial planning, making it important to understand their benefits. IUL policies provide life insurance coverage while accumulating cash value that grows based on market index performance, offering tax-free access to funds. Annuities, however, focus on generating a reliable income stream during retirement,... https://www.federalpensionadvisors.com/post/iul-vs-annuity