…indexed life insurance: An investment with protection
September 23, 2020 by Sanjeev Bhatia, MD, David B. Mandell, JD, MBA
With stock market volatility likely until the COVID-19 crisis ends, investors have become more risk averse.
Wink’s Note: PLEASE do not call it “EQUITY” indexed universal life/”EIUL.” Regulators do not like us to use the word “equity” with these products because they are not investments, but insurance products.
“$2 billion being invested into new EIUL policies in 2018 alone.” Nope. Not even close. Indexed life sales for 2018 were $617,462,158; a fraction of the amount cited.
Who pitches withdrawals to basis, and then loans on indexed life?!?
The implied suggestion of dropping the face amount once the policy is inforce certainly protects the salesperson’s commission, doesn’t it?
Are there a lot of salespeople pitching indexed life to orthopedic surgeons?
While this isn’t the “New York Times,” ensuring that factual information is available on these products is no less important. Disappointed. -sjm