Second opinion on IUL
IUL illustration review
Somebody showed you an illustration. It looked good. It was designed to. Send it in. You'll get a written summary of what the design assumes — including whether the policy is underfunded relative to its stated intent.
What you get
This is not a consultation that trails off into a product pitch. You provide the illustration you were shown. We return a written summary of what the design assumes.
You'll understand what you were shown. That's the whole offer.
What the written summary covers
Bring the illustration. The summary puts the parts that are easy to skip in writing:
- Funding relative to intent. Whether the premium and death benefit are built for what you said you wanted — accumulation, protection, or something in between — and whether the policy is underfunded for that job.
- Guaranteed versus non-guaranteed values. Most illustrations are presented on the current column alone. The summary puts both in front of you.
- Charges. Cost of insurance, expense loads, and the other deductions that apply whether the index credits or not.
- Cap and participation assumptions. The formula that limits credited interest — cap, participation rate, and any spread — and the fact that those assumptions can change.
- Loan treatment. How illustrated loans are modeled, and that loans reduce cash value and death benefit.
- Lapse sensitivity. What happens if funding slips, if crediting underperforms, or if loans are taken — the scenarios that decide whether the policy stays in force.
Why we do this
Most people who own an IUL can't tell you how theirs is structured, and a meaningful number of them are holding a policy that will disappoint them in twenty years — when it's too late to fix. We'd rather be the ones who told you early.
We have no reason to flatter the illustration. If the design doesn't fit, we'll say so. Sometimes the answer is term insurance and a retirement account.
Who this is for
- Anyone who's been shown an IUL illustration and wants a second opinion from someone with no reason to flatter it
- Policyowners asking whether their IUL is underfunded
- Households comparing a proposed design before they sign
Where we'd point you somewhere else
If you have not been shown an illustration yet, start with how we build indexed universal life. If what you need is protection for a set number of years, term gives you far more coverage per dollar and we'll write that instead.
Common questions
A projection under a set of assumptions — not a prediction and not a guarantee. Illustration assumptions are regulated, and actual results will differ. The written summary walks through what yours assumes, including what happens under less favorable assumptions.
Yes. Send it in. We'll return a written summary of how it's structured, what it assumes, what it looks like under less favorable assumptions, and what happens if funding slips. You'll understand what you were shown, whether or not you do anything with us.
That depends on how it was designed relative to its stated intent. A policy built with a large death benefit and a premium that barely covers it will behave very differently from one sized to the money. The review answers that from the illustration, not from the pitch.
This material is for general information only and does not constitute tax, legal, or investment advice. Individual circumstances vary. Consult your own tax advisor and attorney before acting on anything described here.
Schedule a conversation
Send the illustration you've been shown. We'll return a written summary of what it assumes, including the parts that are easy to skip.
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