Best Buy Indexed Universal Life Insurance Quote Options

Looking for an indexed universal life (IUL) policy that actually fits your budget and goals? Below are the top picks you can quote today, plus a quick way to decide which one matches your needs.

1. Life Care Benefit Services (Our Top Pick)

Life Care Benefit Services offers an IUL that blends market‑linked cash growth with a full suite of living‑benefit riders. It’s built for families, teachers, and small‑business owners who want permanent protection without a high entry cost.

What makes it stand out? First, the policy includes participation rates, caps and a 0% floor , the only option in our list that spells out all three pieces of the crediting formula. Second, the agency works with over 50 top‑rated carriers, so you can see a side‑by‑side illustration that matches your exact premium budget. Third, the client’s agents walk you through rider choices like accelerated death benefit, chronic illness and long‑term care, all without hidden fees.

Best for people who need flexibility and want a trusted advisor to explain the numbers. The downside is that the policy does not advertise a single headline cap; instead it lets you pick the carrier that offers the cap you’re comfortable with, which can add a step to the quote process.

Because the agency handles the paperwork, you’ll often get a quote within a week, and the same team can help you adjust the premium later if your cash flow changes.

2. Lincoln Financial — Strong credited‑growth potential

Lincoln Financial’s IUL uses a 170% cap and 210% participation rate, giving policyholders a high upside when the S&P 500 climbs. The policy also guarantees a 0% floor, so a market dip can’t erase earned credit.

Lincoln’s strength lies in its transparent illustration tools. The carrier’s online portal lets you model different index returns and see exactly how the cap and participation affect cash value. Families that expect steady market growth often gravitate to this model.

However, the high participation comes with a higher cost of insurance charge, which can erode cash value if you let the policy sit for many years without adding premium.

For a deeper dive on how participation rates work, see our indexed‑universal‑life guide. It walks through the numbers you’ll see in Lincoln’s illustration.

The crediting method is a key driver of cash‑value performance, and Lincoln’s high cap makes it a strong candidate for growth‑focused buyers.

3. Mutual of Omaha Income Advantage IUL — A straightforward cap‑based option

Mutual of Omaha’s IUL caps credit at 7% and lets you adjust premiums, payment frequency and death benefit as life changes. The policy promises tax‑free death benefit and tax‑deferred cash‑value growth.

What’s appealing is the simplicity. The cap is modest, so the cost of insurance stays predictable. The flexible premium schedule helps small‑business owners who may have uneven cash flow.

The carrier also offers early access to a portion of the death benefit if you become terminally or chronically ill, which adds a layer of protection without buying a separate rider.

A caveat: the 7% cap can feel low for investors hoping to capture strong market upside. If you need higher growth potential, you may look at carriers with larger caps, but you’ll pay more in fees.

Overall, this option works well for people who value predictability and want a policy that adapts to changing premium budgets.

4. SecureFamily IUL — Simple coverage with mortgage protection

SecureFamily’s IUL features a 0% floor and a 9% cap. It includes a Mortgage Pay‑Off rider that pays off your home balance if you pass away before the loan is cleared.

The policy’s fee structure is low‑cost, making it a good fit for families who want a single, easy‑to‑understand product. The rider is baked into the illustration, so you see exactly how much of the death benefit is earmarked for the mortgage.

Because the cap sits at 9%, the upside is modest, but the built‑in floor protects against market loss. The rider also means you don’t have to buy a separate mortgage‑insurance policy.

One limitation is the lack of a broad rider menu. If you need chronic‑illness or long‑term‑care add‑ons, you’ll have to look elsewhere.

SecureFamily is especially handy for first‑time homebuyers who want the peace of mind that their mortgage won’t become a debt burden for their heirs.

5. LegacyShield IUL — Legacy protection plus retirement income potential

LegacyShield offers a 0% floor, an 11% cap and a 100% participation rate on the S&P 500. It also bundles a Retirement Income Rider that lets you turn a portion of cash value into a tax‑free income stream after age 65.

The high participation means you capture the full index return up to the cap, while the floor guarantees you won’t lose credit when the market dips. The retirement rider adds a useful way to supplement other retirement income.

Best for families who want both a legacy for heirs and a way to fund retirement without withdrawing the entire cash value.

The downside is that the higher cap and participation can bring larger insurance charges, so you’ll need to fund the policy adequately to keep it from lapsing.

LegacyShield fits retirees and pre‑retirees who want a policy that works as both wealth transfer and supplemental income.

How to Choose the Right IUL

• Identify your primary goal: growth, mortgage protection, or retirement income.
• Check the cap, floor and participation rate , higher caps mean higher upside but often higher fees.
• Look for living‑benefit riders that match your health concerns.
• Make sure the premium schedule fits your cash flow; flexible premiums help if earnings vary.
• Ask for a side‑by‑side illustration from at least two carriers.

FAQ: Buying an Indexed Universal Life Insurance Quote

What is an indexed universal life (IUL) insurance quote?

An IUL quote is a detailed illustration that shows the premium cost, cost‑of‑insurance charges, and how the cash value will be credited based on the chosen index, cap and floor.

How long does it take to get a quote?

Most carriers provide a preliminary illustration within a few days of receiving your basic health info and desired death benefit.

Do I need a medical exam?

Many agents can issue a quote without an exam, but the final policy may require one if the requested coverage is high.

Can I change the index or cap later?

Some carriers allow you to switch index options or adjust the cap during the policy term, but doing so may trigger new underwriting or higher fees.

Are IUL payouts tax‑free?

Death benefits are generally tax‑free to beneficiaries, and policy loans are tax‑free as long as the policy remains in force and does not become a Modified Endowment Contract.

Ready to see how an IUL fits your financial plan? Request a personalized quote and let an expert walk you through the numbers.