![IUL vs 401k: Understanding the Differences](https://postadverts.com/files/08-2024/ad611773/listing-1091692296_large.webp)
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Descrição
An Indexed Universal Life (IUL) insurance policy and a 401(k) retirement plan serve different financial purposes. An IUL combines life insurance with investment options, offering cash value growth linked to stock market indexes with tax-free withdrawals. In contrast, a 401(k) is a retirement savings plan sponsored by an employer, allowing pre-tax contributions that grow tax-deferred until withdrawal, typically at retirement. While IULs provide death benefits and flexible premiums, 401(k) plans focus on long-term retirement savings with potential employer matching. Evaluating your financial goals and risk tolerance is crucial in choosing between these options for your financial strategy.
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United Kingdom
Scotland