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Depends on performance but I would say 10 to 15 years would be a good time frame.
I'm just curious but why 6%?
I run at 6% also.
Don't get me wrong, Im not trying to knock on it or anything. It's just above what I usually use so Im just curious as to why? Aside from using a historical look back average as benchmark.
So you are saying you run less than 6? I feel 6 is a reasonable rate that is fairly achievable. I'd say the vast majority of people run 7 or higher. Many probably use the max that will illustrate.
Yes, I usually run it below 6% but not by much. Very rarely will I ever go above it. I usually stay within 4-5.5 depending on the company and the software capabilities, whether it has a mid point or not etc.
I find that setting up an IUL correctly even at 4-5.5 already/usually lasts for life with fairly decent/achievable numbers. I think this is true even at 3%. Apparently Im just very conservative according to other agents Ive spoken with.
Like I said, its just above what I usually run it at. Im not saying I dont, just not often. The exception usually depends on the client as well, 6% is my limit.
Under promise, over deliver?
And you're right, some people do illustrate way higher. Ive seen some go as high as 9-10%.
If you can give me more variables (i.e age, sex, annual premium, face, A vs B) I'd be happy to illustrated with LSW Flex Life and F&G Synergy Advantage Gold and tell you what I come up with