Sweet Coverage
Expert Guidance
All With One Phone Call
At Mango, we do everything we can to help you find the best life insurance coverage to protect the sweetest things in life. We hope this content prepares you for your short and sweet conversation with our licensed experts by giving you a “peek under the peel” of some life insurance basics.
Indexed Universal Life Insurance:
Flexible Coverage That Grows With You
What Is Indexed Universal Life (IUL) Insurance?
Indexed Universal Life Insurance, or IUL, is a flexible, lifelong policy that offers financial protection for your loved ones—plus the opportunity to grow your cash value through stock market index performance (like the S&P 500). It’s like getting life insurance with a built-in growth engine.
IUL combines permanent life insurance with the potential for greater cash value accumulation, giving you more control over your coverage and your financial future.
Key Features:
Lifelong Coverage – Your policy stays active as long as premiums are paid.
Flexible Premiums – You decide how much to contribute—adjust up or down based on your needs.
Market-Linked Growth – Your cash value can grow based on index performance, with built-in protection against market downturns.
Why Choose Indexed Universal Life Life Insurance?
IUL is ideal for people who want the security of lifelong coverage and the flexibility to take advantage of potential market gains without all the risk.
Growth Potential – Your policy’s cash value grows based on how a market index performs—with safeguards in place to prevent loss during downturns.
Premium Flexibility – Adjust your payments as your life and budget change.
Access to Cash Value – Borrow from your policy to fund big goals, cover emergencies, or supplement retirement income.
Protection That Lasts a Lifetime – Your loved ones are covered, no matter when life happens.
Who Can Benefit from Indexed Universal Life Insurance?
For Young Adults & Growing Families
A Smart Way to Grow With Your Goals – IUL offers protection now and potential financial growth for the future.
Flexible Contributions – Perfect for young professionals whose income may increase over time.
Built-In Savings with Market Upside – Take advantage of rising markets while staying protected from the downsides.
For Older Adults
Covers Final Expenses—and More – From funeral costs to medical bills, your IUL policy helps make sure your family is taken care of.
Supplement Retirement Income – Access your policy’s cash value to help fill income gaps later in life.
Lifelong Coverage, Even in Retirement – Your policy stays active for life.
Choosing the Right Life Insurance Plan
Life comes in different options, and we’re here to help you make the best choice for your situation. Check out this side-by-side comparison, then call our expert team to get answers to your questions and take the next step—anytime, 24/7.
-
Coverage Duration: 10, 20, or 30 years
Premiums: Lowest cost initially; usually fixed for the term of the policy
Cash Value: No cash value
Investment Component: No investment component
Medical Exam Required?: Sometimes
Best If: You want higher coverage and smaller premium payments
Convertible?: May be converted to whole life (varies by policy)
Pays Off: If the insured dies during the term
Cost Over Time: Most affordable initial cost in most cases, but costs may go up at renewal
-
Coverage Duration: Lifetime (as long as premiums are paid)
Premiums: Fixed, stays the same for life
Cash Value: Builds cash value over time
Investment Component: Guaranteed growth at a fixed rate
Medical Exam Required?: Usually required
Best If: You want fixed-cost lifelong coverage that accumulates cash value
Convertible?: N/A
Pays Off: Guaranteed payout
Cost Over Time: May initially be more expensive than term, but premiums stay the same for life
-
Coverage Duration: Lifetime (as long as premiums are paid)
Premiums: Flexible; can adjust over time
Cash Value: Cash value linked to stock market indexes
Investment Component: Growth potential tied to market performance with downside protection
Medical Exam Required?: Usually required
Best If: You want lifelong coverage with market-based growth potential
Convertible?: N/A
Pays Off: Guaranteed payout, may increase with cash value growth
Cost Over Time: Can be cost-effective with cash value growth but requires active management
Feature
Term Life Insurance
Whole Life Insurance
Indexed Universal Life (IUL) Insurance
Coverage Duration
Premiums
Cash Value
Investment Component
Medical Exam Required?
Best If
Convertible
Pays Off
Cost Over Time
10, 20, or 30 years
Lowest cost initially; usually fixed for the term of the policy
Fixed, stays the same for life
Flexible; can adjust over time
✕ No cash value
✕ No investment component
✓ Guaranteed growth at a fixed rate
✓ Growth potential tied to market performance with downside protection
Sometimes
May be converted to whole life (varies by policy)
Most affordable initial cost in most cases, but costs may go up at renewal
Lifetime (as long as premiums are paid)
✓ Builds cash value over time
Usually required
N/A
May initially be more expensive than term, but premiums stay the same for life.
Lifetime (as long as premiums are paid)
✓ Cash value linked to stock market indexes
Usually required
You want to higher coverage and smaller premium payments
You want fixed-cost lifelong coverage that accumulates cash value
You want lifelong coverage with market-based growth potential
N/A
If the insured dies during the term
Guaranteed payout
Guaranteed payout, may increase with cash value growth
Can be cost-effective with cash value growth but requires active management.
Our experts are waiting to help you unpeel your sweetest coverage options
No matter how you slice it, finding the “ripe” coverage starts with expert advice. Take the next step towards protecting what matters most.
This content is provided for informational purposes only and does not constitute legal, tax, or financial planning advice. Please consult a licensed insurance professional for guidance unique to your specific circumstances.
Mango: Sweet coverage backed by expert advice
About
Life insurance that’s as smooth as a Mango. We make it refreshingly easy to compare top carriers, get expert advice, and secure the right life insurance—without the usual hassle.
Sweet coverage. Zero nonsense. That’s the Mango way.