Indexed Universal Life (IUL) policies often promise high returns based on various indexes, but many fail to meet expectations. Backtested results can be misleading, and alternative indexes typically underperform compared to the S&P 500. Despite high participation rates, poor market performance means zero returns. Agents often oversell IULs with overly optimistic illustrations. About 8 out of 10 IULs reviewed show significant cash value shortfalls. Be cautious and fully unders