An IUL illustration can show impressive retirement income, but what assumptions created it? Here are the crediting, loan, policy-charge, JUMP, distribution, and longevity assumptions you should question before buying.
Before using an IUL for retirement, make the illustration uncomfortable. Learn how to stress-test lower indexed crediting, higher loan costs, missed JUMPs, retirement distributions, longevity, and policy durability.
What if you never qualify for another IUL JUMP? Learn what can happen to the matching-loan level already achieved, existing policy loans, future funding, and projected retirement income when the JUMP progression permanently stops.
Missed your next IUL JUMP? That does not necessarily mean starting over. Learn how the strategy can pause at the matching-loan level already achieved, what happens to prior loans, and why the retirement projection should be rerun.
Why does the IUL JUMP Strategy increase the death benefit over time? Learn how planned death-benefit increases can create additional policy funding capacity, how MEC rules enter the equation, and why future JUMPs can require new underwriting.
Already have life insurance and considering an IUL JUMP Strategy? Existing coverage does not automatically prevent another policy, but it can affect financial underwriting, death-benefit approval, and future JUMPs.
Can your job or risky hobbies affect IUL approval? Learn how occupation, hazardous duties, aviation and other higher-risk activities can enter life insurance underwriting and affect future IUL JUMPs.
Can your income limit how much IUL life insurance you can buy? Learn why being able to afford the premium is not the only issue, how financial underwriting can affect death-benefit approval, and why income can matter to future IUL JUMPs.
What happens to your IUL JUMP Strategy if your health changes after the policy is issued? Learn the difference between existing coverage and future JUMP approval, and how a health change can alter the retirement-income projection.
What happens if you don’t qualify for your next IUL JUMP? A missed JUMP can pause the progression rather than automatically resetting the strategy. Learn what happens to the level you’ve already achieved, future applications, and projected retirement income.