As a student accruing loans and not able to save much, life insurance is one of the last things I think about. I know there are several kinds of life insurance policies, but I figured I would sort through the differences once I had more cash to save. I never thought of using a life insurance to help pay my student loans, let alone a policy I could afford. Enter “Indexed Universal Life Insurance Policy,” or IUL for short. Remember though, by pulling out money early to pay your student loans your death benefits would decrease.

Source: Forbes February 19, 2018 15:56 UTC