![]() Penn Mutual’s cash value accumulation was superior to the competition looking at years 5, 10, 15 and 20 and on out in 5 year increments. When evaluating a limited pay scenario, one works down from a “7 pay” non-MEC structure to see where optional cash value accumulation occurs. Penn Mutual was able to solve as a “3 pay”, dividing the $250,000 premium into three annual payments, and maintain competitive cash value accumulation to a 4 pay, which is unusual. Objective: cash value accumulation, downside protection Insureds: both mid ’50’s, both preferred non tobacco Illustrative Rate assumption: 6% (all years) S & P 500 annual point-to-point Here were the parameters for this case study: The cost of insurance on two lives for one death benefit is lower than on a single life, so it makes sense for a couple to consider a survivorship product. In a quote comparison of Survivorship Indexed Universal Life (IUL) products with cash value accumulation as the objective, Penn Mutual outperformed the competition with their “Survivor Plus IUL” plan.Ī Surviviorship Indexed UL, second-to-die benefit, will tend outperform an individual Indexed UL for cash value accumulation.
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