Indexed Universal Life (IUL) policies and annuities serve different purposes in financial planning. An IUL provides life insurance with a savings component that grows based on market performance, offering tax benefits but also carrying risks such as return limitations. Annuities guarantee steady income in retirement, ensuring financial stability, but may not offer high returns. Unders... https://www.federalpensionadvisors.com/post/iul-vs-annuity