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There are extended no lapse guarantee options on some IULs, which would make overfunding redundant though. sjm
I wasn't recommending overfunding to the max. I was making a point that if you did -- and that is a strategy that some people do with UL products -- it wouldn't matter because even though you are overfunding it to the max, you are still shifting risk back to the insured/owner.
Yes, you wouldn't have or do both. Depends on motivation, goal, want, etc. My point was about any UL-chassis type product and risk.