That IUL illustration may show a huge retirement-income number. But what has to happen for the number to work? Here are the red flags to look for before trusting an IUL retirement illustration.
Before buying an IUL for retirement, ask more than “How much income does it show?” These 25 questions can help you understand the policy charges, loans, crediting assumptions, death benefit, lapse risk, underwriting, JUMP mechanics, and what happens when the illustration does not go as planned.
What does an IUL participation rate actually mean? Learn how participation rates affect indexed interest, how they differ from caps, and why the rate used in an illustration can change projected retirement income.
Your IUL illustration may show guaranteed and nonguaranteed values side by side. Learn what those columns actually mean, what can change, and why projected retirement income is not the same as a contractual guarantee.
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.
An IUL illustration can show impressive retirement income without showing you what could go wrong. Learn which numbers, assumptions, loan costs and policy values to check before you buy.