A 401(k) and an indexed universal life policy can both play a role in a long-term financial strategy, but they are designed for different purposes. A 401(k) is primarily an employer-sponsored retirement account that may offer matching contributions and tax advantages. An IUL provides permanent life insurance along with cash-value potential tied partly to an index, subject to caps, participation rates, charges, and policy terms. Before deciding, compare your retirement goals, insurance needs, risk tolerance, tax situation, fees, liquidity, and contribution limits. Professional guidance can help ensure the strategy fits your complete financial plan.