Indexed Universal Life (IUL) insurance and annuities each serve different roles in financial planning, making it important to compare their features. IUL policies combine life insurance with a cash value component that grows based on a market index, allowing for tax-free withdrawals and financial flexibility. Annuities, in contrast, focus on generating guaranteed income for retirement... https://www.federalpensionadvisors.com/post/iul-vs-annuity