Can someone give me a comprehensive description of iul and what circumstances they’re for?

I recently got certified as a broker and am currently in training for a job selling term, whole and iul. It seems like they primarily market for iul but from what I've heard iul is only really viable for people who are extremely wealthy and have maxed out their other tax protected options.

Full disclosure this is my first job of this nature and I have some imposter syndrome but I want to make sure that I'm doing right by people and not fucking them over.

The concept of term and whole is simple but throughout my courses I've had trouble understanding the iul and what it's purpose is. It just seems like the time share of financial investments and I don't see how it would be better than a term with the extra money invested in the traditional way. I just want to understand what circumstances I should be recomending these without just being concerened about the ridiculous commissions they offer.

submitted by /u/TrafficElectronic297
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