What is Index Universal Life Insurance? 

Transamerica Financial Foundation IUL® is a flexible premium, adjustable index universal life insurance policy

Your policy includes a death benefit, which is paid out to your named beneficiary or beneficiaries when you pass away. But the policy can also increase in value during your lifetime through a cash value component.

The cash value portion of your policy earns interest based on the performance of an underlying stock market index. 

As the index moves up or down, so does the rate of return on the cash value component of your policy.