Thanks for your nice note!
I NEVER think Indexed Universal Life is a good option. She should open an IRA and invest the money there. Do it inexpensively through Fidelity or Vanguard. And if she can save more than the allowable contribution — $6,500 if you’re under age 50 / $7,500 if you’re age 50 or older — then just pay the taxes and put money away in savings.
IUL offers tempting ” market-linked” returns but the contractual guarantee only approximates CD rates! But it does make the annuity salesperson rich!