Guardian Indexed WL Policy?

Jun 30, 2016

  1. topflight06
    Offline

    topflight06 New Member

    Posts:
    3
    Likes Received:
    0
    Does anyone have any insights on the new Guardian Index WL contract? How are dividends affected or does it just carry traditional whole life characteristics (level premiums, guaranteed death benefit, etc.) but substitutes growth via an index as opposed to dividends being put back into the policy?
     
  2. Lloyds of Lubbock
    Offline

    Lloyds of Lubbock Super Genius

    Posts:
    122
    Likes Received:
    51
    State:
    Florida
    The index option only has an affect on your adds. You guaranteed cash value and dividends on the basic are not in play.
    There is a 2% sales charge and the money will into the index prior to the anniversary date.
    The earnings of the index will change the dividend crediting rate on the adds allocated to the index.
    If earnings are negative or below 5% you are protected at 5% plus the sales charge.
    I believe you have to earn a bit more than 7% to outperform the dividend.
    Due to the fact that the index only deals with your adds to get any real juice out of it you should add a PUA rider.
     
Loading...