We all know IULs are a ripoff

[hunschuld]

IUL sucks and is an Illusion etc . I don't know. I have attached my IUL interest crediting for the 5 months of this year. This has been a bad year for the markets so IUL should suck . I have 4 segments per month getting interest at this time. 2 uncapped and 2 capped at 12% so that is 4 interest credits per month. That is 20 for the year so far. 10 segments had 0 % the other 10 have ranged from 2.91% to 22.08% overall return so far approximately 6.8%.. Guaranteed Interest bonus is not included. That would push the return to over 7%. No reasonable person would be unhappy with 7% in this time of Covid. Cash being deposited into my cash account is not an illusion. Everything has pro's and cons be it stocks,bonds ,ETF's,mutual funds ,ETN's annuities, CD's etc.