Indexed universal life insurance (IUL) offers several benefits to policyholders. One of the main benefits is the potential for cash value growth tied to the performance of a stock market index, such as the S&P 500. This allows for the potential for higher returns on the cash value portion of the policy, compared to traditional universal life insurance. Another benefit is the flexibility to adjust premiums and death benefits as policyholders' needs change over time. Additionally, the cash value in an IUL policy can be used to pay premiums, helping to ensure the policy's longevity. It can also be borrowed against for other financial needs, such as college expenses or home purchases. Another benefit is the protection of policyholder investment by the cap and floor limits, it prevent policyholder from market downside risks. Overall, indexed universal life insurance can provide policyholders with both a death benefit to protect their loved ones and the potential for cash value growth to help meet their long-term financial goals.