Permanent cash value life insurance policies have two sets of rates: current company practice and contractual
guarantees. They also have two types of policy loans: fixed and variable. But if that wasn’t enough to learn, they have five differing crediting and debiting methods: zero net cost loans, wash loans, spread loans, direct recognition loans and participating loans.
Many sales people promote the lost decade as proof positive that indexed universal life works during the accumulation phase, but they neglect the distribution phase over the same period which displays massive income losses. Steve and Bobby deliver some sales truth serum to settle the true score of policy loan impact during distributions.
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Steve Savant is the host of the daily producer show, Let’s Get Down to Business, and the weekly consumer show, Steve Savant’s Money, the Name of the Game. Both shows are sponsored by Ash Brokerage. Steve is the number one online author and videographer of insurance content. During his 30-year... More
Steve Savant recently shared that Do Insurance Products Lack Class? Popular portfolios have many asset classes, but no cash value life insurance or annuities products. Do portfolio managers & advisers have prejudices against them?