Index Universal Life Income Competitive Analysis
So my issue with most income projection comparisons is that they leave way too much variability among products.
Carriers cherry pick the products the want to compare their products to, and Blease let's them use the default interest rates.
So, we took several products that are relatively well known in the market place for IUL, set them up funded at the Guideline Premium (the way it should be done for cash accumulation and income) with increasing death benefits until we start income and held the assumed credited interest level at 6%.
We also what I've often regarded as a more reasonable income scenario, going all the way out to age 100.
We'll be doing more comparisons taking other premiums and other ages into consideration in the future, but I'd appreciate any feedback on improvements anyone can suggest on making this more complete.
One quick note, I do know that we're missing Pacific Life and Aviva, this was due to a software problem. I'm also missing Trans and Prudential, which I had originally intended to include.
I'm working on getting these to add to the list.
So my issue with most income projection comparisons is that they leave way too much variability among products.
Carriers cherry pick the products the want to compare their products to, and Blease let's them use the default interest rates.
So, we took several products that are relatively well known in the market place for IUL, set them up funded at the Guideline Premium (the way it should be done for cash accumulation and income) with increasing death benefits until we start income and held the assumed credited interest level at 6%.
We also what I've often regarded as a more reasonable income scenario, going all the way out to age 100.
We'll be doing more comparisons taking other premiums and other ages into consideration in the future, but I'd appreciate any feedback on improvements anyone can suggest on making this more complete.
One quick note, I do know that we're missing Pacific Life and Aviva, this was due to a software problem. I'm also missing Trans and Prudential, which I had originally intended to include.
I'm working on getting these to add to the list.
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