That's a good point that Allen also made to me.Just as a reference, there are eight different indexed ULs that are priced primarily for their extended no lapse guarantees. American General, American National, Midland National, Minnesota Life, Nationwide, North American Company and Pru all offer one of these products. The guarantees offered range from age 120 to lifetime. I helped development the most competitive GUL in the country in 2003, and it was on an indexed life chassis. We used it to help get our field force comfortable with indexing, so that they would be more apt to sell our cash accumulation IULs. sjm
I was excluding G-IUL in that comment and I shouldn't have.
I was referring to running a typical IUL at target or with a large pour in that makes it inefficient. Like old current assumption UL.