Who an IUL is ideal for is based primarily on the individual and what you want the IUL to do for you.  It can be used as a retirement solution for someone during their working years.  It can be used to fund a child’s college as an alternative to a 529. It can be used for legacy planning to pass on to your loved ones. And lastly, we find many high-income earners and business owners who utilize an IUL to put away more for retirement than what the traditional plans allow while having access to cash during their working years.   Age – As a general rule, an IUL is ideal for those typically up to age 60 when planning to fund it monthly or annually.  Certain cases for those over age 60 with a single premium can be a viable option based on your unique situation.   Time – Ideally, you need 12 to 15 years of proper funding to allow time for growth. The variables that make each IUL unique are based on your age, how much you want to fund the IUL with, monthly or yearly, and when you would like to retire.