(More: Universal life insurance lawsuits underscore product risk) Indexed universal life insurance sales have grown significantly. This is called financial independence. Let me explain how this IUL (Indexed Universal Life) sales structure worked. You don’t need a permanent death benefit. The insurance industry will be watching closely in the coming months as a class-action lawsuit over an indexed universal life policy plays out in a California courtroom. Multiple class action lawsuits have been filed against insurance companies over this issue. Structured payment streams and IULs do NOT mix! What you will read in this newsletter is a classic example of me helping an IMO and ultimately hundreds of agents from getting caught up in the lawsuits that are now flying. An indexed universal life insurance policy is a financial product designed to offer policyholders a variable return rate on their insurance funds, usually tied to the daily rates as set by entities like Standard & Poor’s. Los Angeles, CA: Rip off is a harsh term, although one plaintiffs embroiled in Life Insurance Rip Off lawsuits use with complete comfort. Indexed universal life insurance offers the flexibility of universal life, with the chance to earn interest in line with the stock market's growth. Our insurance fraud attorneys are investigating life insurance company sales practices and administration of universal life insurance policies. If you purchased an Indexed Universal Life Insurance policy after 2015 and believe you may have been misled, you may have a claim for relief. Protect your rights by speaking with a Girard Sharp insurance attorney (dial 866-981-4800) or by submitting your information above. Due to an extended low-interest-rate environment, companies are struggling to pay policyholders the guaranteed rate. 5 Reasons Why Buying Indexed Universal Life Insurance is a Bad Idea 1. So the number of people who … Indexed Universal Life Insurance Lawsuits. Universal life insurance policies have a guaranteed interest rate. Some policyholders with IUL policies may have been misled about their policies into expecting unrealistic rates of return based on the initial sales material they were shown. It’s a type of “permanent life insurance” that is intended to last your entire life. Universal life was invented in the 1970s and comprised 25% of life insurance policies purchased in the 1980s and 1990s. Indexed Universal Life is a form of universal life insurance. Indexed universal life insurance is often pitched as a cash value insurance policy that benefits from the market’s gains–tax-free–without the risk of loss during a market downturn. The vast majority of Americans, and especially high-income Americans like physicians, will, at some point, no longer depend on their earnings from work in order to live. It offers flexible premiums, a death benefit, and the potential for cash value accumulation. 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