These are the expenses in a NA IUL3 annual statement. Wondering how to reduce some of these expenses.
1. What's the best way to pay the premium so as to reduce the premium load?
2. Are these Riders needed or removed to save $2,025 per year?
3. What are these Other Expense Charges (2)?
Premium Load: $4,488.87
Cost of Insurance: $5,257.30
Other Expense Charges: (2) $3,107.18
Rider Charges: $2,025.00
Benefits:
OVERLOAN PROTECTION BENEFIT
PREMIUM GUARANTEE RIDER
PROTECTED DEATH BENEFIT
Riders: Amount:
ACCELERATED DEATH BENEFIT ENDORSEMENT N/A
ACCELERATED DEATH BENEFIT ENDORSEMENT N/A
ACCELERATED DEATH BENEFIT ENDORSEMENT N/A
1. What's the best way to pay the premium so as to reduce the premium load?
2. Are these Riders needed or removed to save $2,025 per year?
3. What are these Other Expense Charges (2)?
Premium Load: $4,488.87
Cost of Insurance: $5,257.30
Other Expense Charges: (2) $3,107.18
Rider Charges: $2,025.00
Benefits:
OVERLOAN PROTECTION BENEFIT
PREMIUM GUARANTEE RIDER
PROTECTED DEATH BENEFIT
Riders: Amount:
ACCELERATED DEATH BENEFIT ENDORSEMENT N/A
ACCELERATED DEATH BENEFIT ENDORSEMENT N/A
ACCELERATED DEATH BENEFIT ENDORSEMENT N/A