Cost Education
There is no single price for indexed universal life. Costs depend on your situation and on the policy itself. This page explains what moves the number — without guessing at figures that belong in your own illustration.
Request a ConsultationInsurance services are provided by Steven Spencer in his individual capacity, separate from Chief Investment Properties LLC. Chief Investment Properties LLC is not a licensed insurance agency.
Age and health. Older age or health history generally means higher cost of insurance.
Underwriting. The risk class you qualify for changes what the insurer charges.
Coverage amount. A larger death benefit usually means a larger premium.
Riders. Optional add-ons can increase cost.
The product itself. Charges, caps and participation terms differ by policy.
Funding goals. How much you intend to put in affects how the policy is structured.
An important distinction: the planned premium you aim to pay is not the same as the charges deducted from the policy, and neither is the same as the funding needed to keep coverage in force over time. A policy can be illustrated at one funding level and behave very differently if actual payments are lower.
Because there is no universal minimum that fits everyone, the honest answer is that your cost is specific to your illustration — not a number pulled from a general table.
Bring questions, not sensitive data. Please do not include medical information, Social Security numbers, financial account details or payment information in the website form or in ordinary email.
Related reading: how IUL works, IUL vs whole life, and how to read an illustration.
Independent educational resources: NAIC — Life Insurance and NAIC — Life Insurance Illustrations.
Request a ConversationGeneral insurance education only, not personalized tax or investment advice. No premium estimate is offered here; figures come only from an individual illustration. Insurance provided by Steven Spencer individually; CIP is not a licensed insurance agency.