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The Variety and Complexity of Today’s.

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Názov: The Variety and Complexity of Today’s.
Autori: Richards, Douglas B. doug.richards@lplfinancial.com, Finnegan, Erin1,2,3, Presley, Sydney sydney@lifetrends.com
Zdroj: Journal of Financial Service Professionals. Jul2023, Vol. 77 Issue 4, p68-75. 8p.
Predmety: *BUSINESS insurance, *INTEREST rate risk, *LOANS, *LIFE insurance, *INSURANCE premiums, *EQUITY indexed annuities, LIFE insurance policies
Abstrakt: The financial service professional who wants to abide by a code of ethics and comply with other regulatory responsibilities can find a confusing array of product features and illustration assumptions when presenting indexed universal life insurance in the context of premiums financed by an outside lender. The inability of the illustration software to estimate the likelihood of the forecast numbers as presented, the insurance company’s right to change nonguaranteed elements, and interest rate and other risks associated with loans in general make for a daunting challenge for one so motivated. This article seeks to identify principal product features, capture the limitations associated with indexed universal life illustrations, and introduce the possibility of a better approach. [ABSTRACT FROM AUTHOR]
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Databáza: Business Source Index
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Abstrakt:The financial service professional who wants to abide by a code of ethics and comply with other regulatory responsibilities can find a confusing array of product features and illustration assumptions when presenting indexed universal life insurance in the context of premiums financed by an outside lender. The inability of the illustration software to estimate the likelihood of the forecast numbers as presented, the insurance company’s right to change nonguaranteed elements, and interest rate and other risks associated with loans in general make for a daunting challenge for one so motivated. This article seeks to identify principal product features, capture the limitations associated with indexed universal life illustrations, and introduce the possibility of a better approach. [ABSTRACT FROM AUTHOR]
ISSN:15371816