When it comes to financial planning, many high-net-worth individuals focus on investing and building their portfolios. However, there are other important considerations to take into account – including tax advantages. One of the best ways to save on taxes is through an IUL, or individual universal life insurance policy. Here’s why an IUL can be a powerful tool for your financial success. An IUL is an incredible life insurance product that provides financial security for the current and future generations of wealthy individuals. An IUL not only provides life insurance to beneficiaries upon the death of their policyholder, but it also offers distinct tax advantages that other life insurance policies do not provide.