What is index universal life insurance?

Index universal life insurance can help protect your family's standard of living or help fund your child's education in the event of the death of the insured. The policy also offers options to change death benefit amounts or adjust premium payments within certain limitations.


Explore the many ways an IUL insurance policy can help you protect your family.

Multi-purpose protection

Index universal life insurance

When you're preparing for your family's future, it's important to cover all your bases. Should you pass away unexpectedly, you want to help protect your family's lifestyle. Additionally, your policy could accumulate value that may be accessed in retirement to help meet your needs. That’s where the Transamerica Financial Foundation IUL® (FFIUL) comes in.

The Transamerica Financial Foundation IUL® (FFIUL)

A truly flexible option, Transamerica’s FFIUL provides the death benefit associated with traditional life insurance plus the potential for policy value accumulation.

  • Federal income tax-free death benefit.
  • Policy value accumulation potential with basic interest account and index account options.
  • Guaranteed minimum interest rate, or “floor,” brings safety through guarantees.1
  • Tax benefits including tax-free loans and withdrawals, tax deferral on any earnings, and tax-free transfers between account options.2
  • Now available with the new Concierge Planning RiderSM (Additional Service Rider).

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Frequently asked questions

The FFIUL gives you the opportunity to grow your policy value through excess index interest (earnings above the guaranteed minimum rate) that may be credited to your policy based partly on changes in these major stock indexes: S&P 500® Index, EURO STOXX 50® INDEX, and the Hang Seng Index.3 We’d love to talk you through the different account options and help you see if this policy is a good fit for you.
Index changes can be positive or negative. However, with the FFIUL, you have the security of knowing you will never be credited less than the guaranteed minimum interest rate, or "floor." The floor can protect your cash value and helps ensure that segments with a positive value will be credited with interest.
Federal income tax-free death benefit
Many people don’t realize there can be tax consequences when it comes to inheriting certain assets. Thankfully, FFIUL provides a federal income tax-free death benefit to help protect your family.
Tax-deferred earnings 
Any cash value in your policy accumulates interest on a tax-deferred basis. That means higher policy value accumulation potential for you.
Tax-free transfers 
Transfers among accounts inside a policy are on a tax-free basis. Tax-free transfers help protect your earnings from the effects of current taxes.
Tax-free withdrawals and loans
You’ll enjoy easy access to your policy value. When the policy value is sufficient, you may request withdrawals or loans to use for any purpose you wish.
Keep in mind that the tax advantages only apply as long as the policy remains in force. Allowing the policy to lapse could result in adverse tax consequences.
Payment of the minimum monthly no-lapse premium ensures that the policy will remain in force during the no-lapse guarantee period. However, by paying only the minimum monthly premium, you may be forgoing the opportunity to build up additional policy value.
Please note, after the no-lapse period or if the cumulative minimum monthly no-lapse premium requirements are not met, then fluctuations in interest rates and/or policy charges may require the payment of additional premiums to keep the policy in force. Guarantees are based on the claims-paying ability of the company. 
4 If you take a cash withdrawal or a loan, if you increase your face amount, if you change the death benefit option, or if you add or increase the amount of a rider, you may need to pay additional premiums in order to keep the No-Lapse Guarantee in effect. If the requirements of the No-Lapse Guarantee are not met and the cash surrender value is not enough to meet the monthly deductions and index account monthly charges, a grace period will begin and the policy will lapse at the end of the grace period unless sufficient payment is made. Allowing the policy to lapse may result in adverse tax consequences.