Equity index universal life insurance (EIUL)

Equity index universal life insurance (EIUL) is a traditional universal life insurance policy offering an index feature.  Policy cash value can be transferred from a fixed account that offers traditional fixed interest rates, to an indexed account.  The indexed account uses an outside index like the S&P 500® in the calculation of interest credits.  While the impact of negative index returns is limited by a growth floor (typically 0%, or 1% with EQ's F&G policies), the maximum interest crediting rate for an EIUL policy is limited by a growth cap.  As a universal life insurance product, EIUL offers death benefits, flexible premiums, and tax deferred accumulation of cash value.