Is IUL Better than 401(k)?

Determining whether an Indexed Universal Life (IUL) insurance policy is better than a 401(k) retirement plan depends on individual financial goals and needs. IULs offer life insurance with investment growth potential, tax-free withdrawals, and death benefits. They provide flexibility but can be complex and come with higher fees. Conversely, 401(k) plans are straightforward, focus on retirement savings, and often include employer contributions, but withdrawals are taxed. If you prioritize life insurance and tax advantages, an IUL might be suitable. However, for straightforward retirement savings with potential employer matching, a 401(k) could be more beneficial. Assess your personal circumstances before deciding.