"Cash Value Amplifier"

[YourFamilyBank]

If I remember correctly, their Variable Loan Option has no Cap on the interest rate charged.

Is that correct? If so, that would be a huge reason not to sell the product.

The variable doesn't have a cap but it gives the option to switch to fixed in mid loan without paying off said loan.

They now have a fixed "indexed loan" which is 5% and full participation in the index.

 

[jboussea]

Im not familiar with the product, but it seems that more and more IMOs are pushing it... so that makes me wonder on multiple levels.

You are not going to get anything for free from the carrier. If they reduce the COI to zero on the back end, then they are taking their money on the front end.

Take NA for example. They have a Builder IUL, and a Rapid Builder IUL. The Rapid Builder has lower front end cost, but higher back end cost. The regular Builder has higher front end but lower back end.

So think about the front end if they take nothing on the back end...

Also, there are costs other than just the COI. So that could possibly be a very deceiving statement.... idk.

Maybe someone can run an illustration and post the expense report for us to compare to the competition.

Which on the NA builder product is ideal for maximizing cash value with a minimum non mec face amout

 

[scagnt83]

Which on the NA builder product is ideal for maximizing cash value with a minimum non mec face amout

It depends what the clients goals and needs are. All 3 have their own unique advantages/disadvantages to meet various needs/wants.