![]() ![]() ![]() ![]() This article will focus on how to understand the new crediting bonuses and illustration enhancement features that IUL carriers are now employing. The goal is to provide you a few simple ideas on how to illustrate the right product for your client.Ī crediting bonus can be defined as: Any enhancement provided on the interest credited to a policy without violating the regulation set out by AG 49. These bonuses can come in the form of persistency bonuses, account value enhancements, additional credits or credit multipliers. Trying to choose a product becomes a dizzying proposition with the array of new bonuses, multipliers, indexes and crediting methods. The Indexed UL (IUL) landscape can be very confusing in the post-AG49 world, especially in the Accumulation IUL space. Carriers are trying to one-up each other on the illustration with different methods to improve their illustrative performance. Scott Whitehead, Chief Marketing Officer, Total Financial and Insurance Services ![]()
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