comes along and breathes new life into life insurance sales.
policies also have a fixed account that credits interest to the policy as set or declared by the insurance company.
Product design is where you can get under the hood of the IUL
and see how it works.
equipment is supported by Fred Baker Scientific's factory trained service department, which can be contacted on tel:01928 566976 or visit www.fredbakersci.co.uk.
"Even though IUL
and whole life appeal to many of the same buyers, one is not stealing market share from the other because there are more people in the market for the two products," he said.
That just screams, "Suitability problems." By the way, only an annuity offers guaranteed income that your clients cannot outlive; IUL
can't even come close.
While several challenges have recently hampered the sales of the up-and-coming product, IUL
is positioned to increase sales more than any other interest-sensitive product this year.
Related: Despite NAIC guideline, IUL
insurance sales remain healthy
Insurance carriers, however, have answered this issue with product innovation--and the next product trend may be one that allows clients to combine the guarantees of traditional whole life insurance with the upside participation potential of an indexed universal life insurance (IUL
Ever take an IUL
application on Friday afternoon only to get a voice message from your prospect on Monday morning saying he's had a change of heart?
Global Choice policyholders have four different crediting strategies--three indexed and one fixed--to choose from, as well as the ability to allocate their premiums across those strategies.
Instead of pitching the same old index annuity, consider putting that lump-sum purchase into an Index Universal Life (IUL