for IUL information call: (910) 328-0447
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Indexed Universal Life
(IUL)
American General “Value+ Protector III” recommend age 100 No-lapse Guarantee option; Accelerated Access Solution Rider for chronic illness, option, best hybrid life insurance/chronic illness rider
Securian “Eclipse Protector II Indexed Universal Life” age 120 No Lapse Guarantee (NLG IUL) option recommend
Nationwide “Nationwide Indexed UL Protector II 2020” age 120 Extended No-Lapse Guarantee Rider option, Long-Term Care Rider option recommend
Securian “Eclipse Accumulator Indexed Universal Life” for cash value accumulation, S&P PRISM 1 year uncapped has a great track record for returns recommend
Indexed Universal Life (IUL) carriers, products, highlights, notable features
Lifetime Guarantee IULs: No-Lapse Guarantee (NLG, ULSG)
American General: age 100 “Value+ Protector III IUL”
Nationwide: age 120 “Nationwide Indexed UL Protector II 2020”
Prudential: age 120 “PruLife® Founders Plus Indexed UL (2023)”
Securian: age 120 “Eclipse Protector II Indexed Universal Life”
Symetra: age 120 “Symetra Protector IUL 5.0”
American General
“Value+ Protector III” recommend
age 100 No Lapse Guarantee option
Dividend Blend Participation Rate Index Account Utilizing Franklin Quality Dividend Index – 1-Year Point-to-Point (not available in NY) AIG now Corebridge “FQD Index” brochure
Blend Participation Rate Index Account Utilizing ML Strategic Balanced Index® – 1-Year Point-to-Point. The ML Strategic Balanced Index (“MLSB Index”), fact sheet, uses a rules-based, non-discretionary approach to blend equity (S&P 500 Index, excluding dividends) and fixed income (Merrill Lynch 10 Year US Treasury Futures Total Return Index) indices, while managing volatility with a cash position. (not available in NY)
Global Blend Participation Rate Account Utilizing PIMCO Global Optima Index (TM) 1-Year Point-to-Point Index (not available in NY)
Cap rate account utilizing the S&P 500 Index
Declared Interest – Fixed Account
Accelerated Access Solution Rider for chronic illness, option, highly recommend: best chronic illness rider
“Max Accumulator+ III” (now available in CA 5/23)
John Hancock
“Protection IUL” age 121 No Lapse Guarantee option (in all states except New York)
Nationwide
“Nationwide Indexed UL Accumulator II 2020”
Core Strategies:
1-Yr S&P 500 Point-to-Point w/ Cap
1-Yr S&P 500 Point-to-Point Uncapped (after spread)
1-Yr Monthly Multi-Index Monthly Average*
High Cap:
1-Yr High Cap Point-to-Point S&P 500 (1% current index strategy charge)
1-Yr High Cap Multi-Index Monthly Average* (1% current index strategy charge)
Plus:
1-Yr J.P. Morgan Mercury Plus Point-to-Point
1-Yr BNP Paribas Global H Factor Plus Point-to-Point
High Par:
1-Yr J.P. Morgan Mercury High Par Point-to-Point
1-Yr BNP Paribas Global H Factor High Par Point-to-Point
High Par Select:
1-Yr J.P. Morgan Mercury High Par Select Point-to-Point (1% current index strategy charge)
1-Yr BNP Paribas Global H Factor High Par Select Point-to-Point (1% current strategy charge)
*Uses S&P 500, NASDAQ 100, DJIA
Long Term Care Rider II
“Nationwide Indexed UL Protector II 2020”
Core Strategies:
1-Yr S&P 500 Point-to-Point w/ Cap
1-Yr S&P 500 Point-to-Point Uncapped (after spread)
1-Yr Monthly Average Multi-Index*
High Cap:
1-Yr High Cap Point-to-Point S&P 500 (1.00% current strategy charge)
1-Yr High Cap Monthly Average Multi-Index* (1.00% current strategy charge)
*Uses S&P 500, NASDAQ 100, DJIA
Long Term Care Rider II
“Nationwide YourLife® Indexed UL Accumulator” (NY only)
1-Yr S&P 500® Point-to-Point Indexed Interest Strategy
1-Yr Multi-Index Monthly Average Indexed Interest Strategy: This strategy follows three indices, the S&P 500®, the Dow Jones Industrial Average (SM), and the NASDAQ-100®. Interest is credited to the Indexed Account based on a weighted blend of the monthly average performance of these three indices.
1-Yr Uncapped S&P 500 Pt to Pt Crediting Rate (after spread)
Long Term Care Rider
Penn Mutual
“Accumulation Indexed Universal Life”
Chronic Illness Accelerated Benefit Rider
No-Lapse Guarantee: earlier of 30 years or to attained age 85
Prudential
“PruLife® Founders Plus Indexed UL (2023)” introduced in CA 3/4/2024
S&P 500 Indexed Account
Goldman Sachs Voyager Indexed Account
“PruLife® Index Advantage UL”
S&P 500 Indexed Account
Securian
“Eclipse Protector II Indexed Life” recommend for age 120 no lapse guarantee, low premiums, often lower premiums than age 120 no lapse guarantee Guaranteed Universal Life (ULSG) products.
S&P 500 with 100% Participation
EURO STOXX 50
S&P 500 Low Volatility uncapped, 45% participation rate
Blended: Rainbow Indexed Account: S&P 500®, EURO STOXX 50®, and S&P 500® Low Volatility
Chronic Illness Agreement
Issue to age 90
No Lapse Guarantee Agreement age 120 no lapse guarantee option
Term Insurance Agreement for blending
“Eclipse Accumulator Indexed Universal Life”
S&P 500® with 100% participation
EURO STOXX 50®
S&P 500® Low Volatility uncapped, 45% participation rate
S&P PRISM 1 year uncapped, 140% participation rate
Blended: Rainbow Indexed Account: S&P 500®, Euro Stoxx 50®, and S&P 500® Low Volatility
Survivorship (second to die)
“Eclipse Survivor II Indexed Universal Life” age 120 No Lapse Guarantee Agreement option recommend
United of Omaha “Income Advantage IUL” guaranteed refund option: 50% year 15; 100% years 20, 21, 22, 23, 24, 25, subject to a cap of the death benefit, note: has minimum funding requirements
Indexed Universal Life (IUL) maximum cash value accumulation competitive comparison, age 45 to 50: minimum non-MEC death benefit, $24,000 annual premium (or whatever), increasing death benefit years 1-15, S & P 500 Index Account annual point-to point assuming 5% illustrated rate, change to level death benefit year 16, compare cash value accumulation year 15 and year 20, run second illustration solve maximum annual distribution years 16-20 (5 years), longer distribution projections should be suspect.
non-MEC quote options: 7 pay premium test (7 Pay), Guideline Level Premium Test (GPT) or Cash Value Accumulation Test (CVAT). I usually run a maximum premium no MEC with the GPT.
DEFRA the Deficit Reduction Act of 1984 established premium limits for over funding policies allowed by the Internal Revenue Code for tax advantages. To maximize cash value accumulation of an IUL policy, the 7 pay test works best by front loading premium in years 1-4.
Contact me for a free confidential quote:
Sean Drummey
phone: (910) 328-0447
email: spdrummey@gmail.com
updated: 3/5/2024, the information accuracy and completeness is not guaranteed, subject to change.
Prudential: revised 3/5/2024
United of Omaha: added 2/9/2024
Penn Mutual : revised 11/6/2023
No-lapse Guarantee list: 9/12/2023
American General: revised 5/18/2023
Nationwide: revised 4/25/2023
John Hancock: revised 3/7/2023
Securian: revised 7/7/2022