For the past decade the value proposition and competitive pricing of No-Lapse Guarantee Universal Life has made it one of the most popular products on the market. Unfortunately, due to the current interest rate environment and federal regulations, No-Lapse Guarantee Universal Life contracts have become more expensive, and a few carriers have even removed their contracts from the market entirely.
Fortunately, a few carriers have responded with new hybrid Indexed Universal Life (IUL) contracts that offer lower premiums, upside cash accumulation, downside protection and reasonable guarantees. We’re finding that when presented with both the lifetime Guaranteed UL contracts and the hybrid contracts, more and more prospective clients are opting for Indexed Universal Life!
Checkout this great video presented by Greg Romans, Brokers' Service Marketing Group's Lead Internal Sales Specialist.