Written by Graham Ray Last Updated: Sep 11, 2024 The MarketWatch Guides team compares and contrasts indexed universal life insurance (IUL) and 401(k)s. Indexed universal life insurance (IUL) is a life insurance product that offers the opportunity for investment growth, while a 401(k) prioritizes long-term savings with employer-matching features. Both types of plans offer tax advantages, though the…
By John Hilton Last Updated: Sep 1, 2024 Indexed universal life is a lot of things, depending on who you are talking to. To many consumers, IUL is a multipurpose product that helps them accomplish a lot of different financial goals. For some lawyers, it is a seemingly endless source of business as lawsuits proliferate. Consumer advocates…
By Ron Mastrogiovanni For the 5% of those over age 60 without a chronic health condition, actuarial data show the odds of living to 95 are only 1 in 5. For the 30% of retirees with diabetes, the odds of reaching this age are less than 1%. Given the likelihood of reaching this milestone, we need…
By John Hilton State insurance regulators are tired are trying to keep up with life insurers that quickly skirt attempts to tamp down illustrations. Instead of further rulemaking, regulators are going directly to the products. The Indexed Universal Life Illustration Subgroup is “looking at specific company examples” of both IUL and annuities that use illustrations, said…
By Staff Reports Life insurance sales closed 2023 with a very strong fourth quarter, according to Wink’s Sales & Market Report. Non-variable universal life sales for the fourth quarter totaled $894.5 million, up more than 15.5% compared to the previous quarter and up 4.1% compared to the same period last year. Non-variable universal life (UL) sales…
By RIchard Weber My July 2013 feature article for InsuranceNewsNet Magazine, “Illustrated Promises; Unmet Expectations,” addressed a problem in which insurance regulations that were approved in the mid-1990s were resulting in illustration outcomes that were unlikely to occur and likely to cause disappointment. Further, policy illustrations continued to be used to project future values, a purpose regulators and the…