Phone: 305.444.7401

Toll-Free: 1.888.776.4678

Index UL & SUL


UL and Index UL have similar insurance charges (surrender charges, cost of insurance, premium loads, and per thousand charges). Both also have minimum guarantees and flexibility in death benefits and premium payments. Many producers, perhaps yourself included, sell the value of No-lapse Guarantees – this feature too is offered on some Index ULs. As with many UL product offerings, Index Universal Life policies are available in single life, survivorship and even single premium versions.

The value proposition Index Universal life poses compared to traditional UL is the opportunity IUL offers for greater upside potential interest crediting. A traditional UL may credit 4% to 6%. Some IUL products have the ability to receive indexed-linked) gains depending on the presence of a cap rate or participation rate. Index UL is designed to help clients realize higher upside potential by benefiting from market rate returns without actually having to invest in the market. Most Index UL products come with a floor or minimum interest rate ensuring that the client is protected from some of the downside potential impacted by negative returns, that a Variable UL can expose that client to.

Every potential life insurance sale has its own characteristics, and needs to be carefully evaluated, but taking time to educate yourself on the virtues of Index UL can expand your UL offerings and help you more readily address your clients’ risk tolerances and goals.

 

Indexed Universal Life                    

Allianz Life

American General Life

American National

Aviva Life & Annuity Co.

Aviva Life & Annuity Co. of NY

Genworth Life

Genworth Life & Annuity

ING ReliaStar Life of NY

ING Security Life of Denver

John Hancock (USA)

Life Insur. Co. of the Southwest

Lincoln Life

Minnesota Life

National Life

Nationwide

North American

Penn Mutual

Principal

Protective Life

Prudential

Securian Life

Transamerica

United States Life of NY

Zurich

 

Indexed Survivorship Universal Life

Allianz Life

American General Life

Aviva Life & Annuity Co.

Aviva Life & Annuity Co. of NY

John Hancock (USA)

Life Insur. Co. of the Southwest

Minnesota Life

National Life

North American

Penn Mutual

Securian Life

United States Life of NY

Zurich