NA is worst company with lowest index cap renewal rates. Almost 30 to 40 % reduction in caps within 2-3 years of policy purchase. Only good for first year. Showing highest income on illustration to win illustration war and get new business. Higher illustrated income does better product. Ask them to provide renewal rate history of builder+ iul 2 product and you will get answers. Product is good for death benefit and living benefit but don’t buy for max tax free income, you will regret 😢 purchase after 2-3 years when you see caps go down drastically. There other 3 to 4 companies who underpromises and over deliver also have better renewal rate history.
NA is worst company with lowest index cap renewal rates. Almost 30 to 40 % reduction in caps within 2-3 years of policy purchase. Only good for first year. Showing highest income on illustration to win illustration war and get new business. Higher illustrated income does better product. Ask them to provide renewal rate history of builder+ iul 2 product and you will get answers. Product is good for death benefit and living benefit but don’t buy for max tax free income, you will regret 😢 purchase after 2-3 years when you see caps go down drastically. There other 3 to 4 companies who underpromises and over deliver also have better renewal rate history.
Meh…