Defined Benefit (DB) Plan Vs Cash Value Life Insurace Plan (ex: IUL policy with LTC rider)
First: Quick Definitions IUL with LTC rider = Indexed Universal Life insurance policy that includes an optional Long-Term Care (LTC) rider. It provides life insurance + tax-advantaged growth + access to money if you need LTC. Now: Benefit-by-Benefit Comparison Feature IUL with LTC Rider Defined Benefit Plan Primary Purpose Life insurance + tax-advantaged accumulation + […]