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Lender

Lender

In the financial world, a lender is typically associated with banks, credit unions, or institutions that provide money in exchange for interest. But when it comes to life insurance—especially permanent policies like Indexed Universal Life (IUL)—lenders often play a...
Credit Checks

Credit Checks

Most people associate a credit check with applying for a loan, renting an apartment, or getting approved for a new credit card. But what many don’t realize is that credit-related information can also play a role in life insurance underwriting — although not in the way...
Surrender Value

Surrender Value

When policyholders think of life insurance, they often focus on the death benefit. But for permanent life insurance—especially Index Universal Life (IUL)—there’s another vital component that grows over time: the surrender value. Also known as the cash surrender value,...