Identical assumptions: rate classification, premium amount, index rate, number of years paying premium, loan yearsĢ. Relative performance of the carriers, identifying the top performer, matters more than the figures themselves, which lack validity since they are projections over too long a period of time. Then compare cash value accumulation and loans for retirement income. Insist each and every carrier use the same assumptions.
Make specific requests for the illustration’s structure, especially index interest rates assumptions. A competent life broker has the ability to email multiple carrier illustrations for comparison purposes. All life permanent life insurance, whole life, UL, or IUL with non guaranteed assumptions require illustrations for the insured’s review and signature. What is the best way to compare Index UL (IUL) companies for cash value accumulation and loans for retirement income? Request illustrations be emailed to you.
