Indexed universal life

{
  "id": "MLC-T-INS-001814",
  "term": "Indexed universal life",
  "field": "Insurance and risk management",
  "definition": "A type of universal life insurance where the cash value growth is linked to the performance of a specific stock market index, such as the S&P 500. Policyholders do not directly invest in the index but receive interest credits based on its gains, often with a guaranteed minimum interest rate and a cap on maximum returns. This structure offers potential for higher cash value growth than traditional universal life, while providing some downside protection.",
  "url": "https://mlchart.com/terminology/insurance/indexed-universal-life/"
}