Pacific Life Policy Performed 22%

[Allen Trent]

Any idea why people can’t post their initial IUL illustrations and actual performance for the past 20 years or so?

I am sure they can if they want to. Just like I could post what I was illustrated for my WL bought 15 & 16 years ago & shoe the current inforce that hasn't performed as illustrated.

I don't have access to any old IUL statements to show you

 

[Lloyds of Lubbock]

Here is a small policy I bought from an agent who needed some production credits.
I have not paid the premium in 4 years and it looks like I never will have to, even with dividends being less than illustrated.

 

[Allen Trent]

Here is a small policy I bought from an agent who needed some production credits.
I have not paid the premium in 4 years and it looks like I never will have to, even with dividends being less than illustrated.View attachment 8319

Decent looking policy. Do you have it on APPO for the dividend & old PUAR pay the premiums or is it taking loans from carrier to cover premium?

If you paid the 2400 for 13 years, your total investment into it is about $32k. Looking at year 24 & 35 CVs, it will have made an average of 3%. Again, a decent policy, but between the base cash value & dividend, 3% is not a better place for investment compared to 401k, Roth like some agents try to make consumers believe. It is a solid policy designed to pay a guaranteed death benefit with a bank/bond like return......exactly why I own some of mine

Sorry if I misinterpreted something

 

[Lloyds of Lubbock]

1. This is a life insurance policy...it is not an investment,.
2. The policy is set up so on it's anniversary a combination of div's and surrenders adds pay the premium. NO LOANS!
3. If you look at ror for the next 10 years it's about 3.5% no income taxes and a db for my family.
4. It is a bondlike ROR with a death benefit....exactly what a WL policy is supposed to be.
5. If I ran a new illustration, it would look a little bit better as the scale went slightly up.
The policy is doing what it is supposed to do:
It plods along and every day is a little better than the preceding day.
It never loses money.
It has very little risk.
Does it look like the original illus(trat)ion? I lost it but I doubt it. The reason I put quotes around those letters is because if you take them out...you are left with illusion.
Which is basically what an illustration is.
This policy was purchased to help an agent qualify at a certain level, there is no pua, there was waiver.
If you looked at this today you may say it was designed poorly and you have a point.
Ultimately it accomplished what I wanted it to do.

 

[Allen Trent]

1. This is a life insurance policy...it is not an investment,.

If you looked at this today you may say it was designed poorly and you have a point.
Ultimately it accomplished what I wanted it to do.

definitely not designed poorly, it has done what you wanted. I actually like some of the more recent product designs that have a bare bones WL that buys a ton more coverage for less premium than they did in the past & the base policy doesnt focus on cash really at all other than the guaranteed to build cash to equal face at 100. Then, if a client instead wanted to focus more on cash growth, they can get after it with the PUAR function/focus

Couple of my kids policies look a lot like your policy. Only difference is I have the Dividend pay toward it & I cover the small difference until the dividend covers it all. not sure why, I just chose not to surrender the PUAR values to cover the difference.

 

[Lloyds of Lubbock]

"Couple of my kids policies look a lot like your policy. Only difference is I have the Dividend pay toward it & I cover the small difference until the dividend covers it all. not sure why, I just chose not to surrender the PUAR values to cover the difference."
That is actually a better way of doing it.
It is a small policy so I put it on autopilot.
It's kind of funny, the guy I bought it from has passed away, so a servicing agent calls me and says we need to review there may be better options.
After he could not answer most of the questions I asked him...gave up on me.

 

[Allen Trent]

"Couple of my kids policies look a lot like your policy. Only difference is I have the Dividend pay toward it & I cover the small difference until the dividend covers it all. not sure why, I just chose not to surrender the PUAR values to cover the difference."
That is actually a better way of doing it.
It is a small policy so I put it on autopilot.
It's kind of funny, the guy I bought it from has passed away, so a servicing agent calls me and says we need to review there may be better options.
After he could not answer most of the questions I asked him...gave up on me.

Let me guess........those better options involved a new policy with the cash going to the new policy?

 

[Lloyds of Lubbock]

Bingo!

 

[jtow11]

IUL is first and foremost an insurance product, all else with it is gravy.

 

[ejbarraza]

By the way Ameritas does not charge a premium load to employees.