Living benefits and tax advantages are a major reason many people consider Indexed Universal Life (IUL) policies as part of their financial strategy. These policies allow you to access your cash value during your lifetime through loans or withdrawals, often on a tax-advantaged basis when structured properly. In addition, many IULs include living benefit riders that can provide access to a portion of the death benefit if you experience a chronic, critical, or terminal illness. This means your policy isn’t just protection for your family after you pass—it can also serve as a financial resource while you’re alive. When managed correctly, the combination of tax-deferred growth, potential tax-free income, and access to funds in times of need makes IUL a versatile tool for both protection and long-term planning.