Client-friendly IUL Design
We often state that our IULs are designed with the client in mind, but what do we mean by that statement?
One obvious piece of the design includes our riders offerings:
- Do have clients that are unsure about not having access to the premium dollars that they will pay into the life insurance?
- Our Guaranteed Refund Option (GRO) rider is automatically included for all qualifying Life Protection and Income Advantage IUL policies. This rider provides SEVEN windows in which the policyowner may surrender their policy and receive a percentage of their premiums back.1
- Do your clients anticipate the need for services while living but don’t have enough excess funds to pay for separate Life Insurance and Long-Term Care policies?
- Our Long-Term Care (LTC) rider is available for qualifying Life Protection and Income Advantage IUL policyowners to help them accelerate their death benefit if the insured requires long-term care services.2,3
- What if your clients don’t have extra funds to add an LTC rider or don’t qualify for an LTC rider?
- Our IULs automatically included the Accelerated Death Benefit Riders for Chronic and Terminal Illness4 providing backup protection for no charge AND with no additional underwriting.
These are just a few of the elements we add into our IUL design so that they are truly client-friendly policies.
Find out more at DiscoverIUL.com
1 For Life Protection Advantage, the GRO rider is not available for clients age 60 or above (regardless of risk class), for substandard or tobacco cases under age 50 or for substandard tables 5-16 at ages 50 and above. For Income Advantage, the GRO rider is not available for substandard or tobacco cases under age 50 or for substandard tables 5-16 at ages 50 and above.
2 The LTC rider is not approved in California.
3 Clients aged 30-79 are eligible to apply. If the policy is issued with the LTC rider, the Chronic Illness Rider will not be included.
4 For IUL policies that qualify.