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Stuff like this will only exacerbate the pending class action suits against the IUL industry. Just wait...
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Some of the carriers are now lowering their max illustrated rate down to around 6%. That's what I've always run in the past as well...now I'm going lower. I feel the same, if they max fund they will be fine. 6% is very attainable, imo... unless they continue to lower the caps so much that it kills the potential of the product.I am not a fan of the multipliers. I hate that they are being used and the product has changed so much over the past couple of years to play with the updated guidelines. However, dating back 5+ years I have been running illustrations at 6% (as we never know the future) and design to over fund the program. I feel comfortable with how I design the programs for the long term, but these crazy changes bringing up fees behind the scenes sure does make me feel uncomfortable.
I have clients that got 10-14% returns for first couple years of their programs. Now when I meet they are head of my 6% projected. They’re happy with me. But unfortunately you just never know ..
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Some of the carriers are now lowering their max illustrated rate down to around 6%. That's what I've always run in the past as well...now I'm going lower. I feel the same, if they max fund they will be fine. 6% is very attainable, imo... unless they continue to lower the caps so much that it kills the potential of the product.