What does EIUL mean? Read on to discover the definition & meaning of the term EIUL - to help you better understand the language used in insurance policies.
Equity Indexed Universal Life Insurance (EIUL) is a policy that provides a death benefit and an investment plan. Premiums for this policy are partly allotted to investments in stocks, from which the policyholder can eventually take a loan. Such loans, however, may cause a decrease in the death benefit.
We hope the you have a better understanding of the meaning of EIUL.