Around the time Apple was revolutionizing the phone in 2007, life insurance saw a major change as well: indexed universal life (IUL). While this trend in life insurance has had a much more gradual buildup than Apple’s overnight success, IUL is currently at the forefront...
The initial wave of excitement of Indexed Universal Life (IUL) has crested and crashed into a decry of illustration wars! Actuarial Guideline 49 (AG49) was supposed to be the stabilizer, to calm the turbulent water. But in the years following the regulation, creativity started to...
In the land of Indexed Universal Life (IUL), the selected illustrated rate (IR) is one of the most debated factors considered when comparing product performance. Comparing products at their regulatory maximum IR can be overly optimistic, while a lower fixed return rate (such as 5%...