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Anyone have Midland National IUL access & want to run a Strategic Accumulator quote for me? I am in possession of a spreadsheet that looks very inaccurate & comparing to an equity investment with really bad assumptions for the equities annual taxation on interest/dividends 24%, capital gains rate of 22% when most capital gains are at 10-15% & worst is 20%, turnover ratio 35% used in spreadsheet v S&P 500 closer to 4-5%. Equity account in spreadsheet assumes 6.42% (likely to compare IUL 20 yr average) when actual S&P 500 closer to 10-12% when dividends shown & reinvested.
Male, 38 NT Preferred
$750k face increasing death benefit
$15k annual premiums for 27 years.
$99,400 annual distributions from age 64 to 95
IULs I have access to run out of money after 16 years even though spreadsheet from agent showing Midland has projected IUL crediting rate of 6.46% & ones I am running are 6.42% & 6.38%
I will buy you an online beer if you have the 5 minutes to assist. If no, I understand not wanting to provide the illustration. I love our industry's products, I just hate when people use wrong math or illegal materials without a license to sell a case.
NOTE--I don't have an agent or an upline involved as the client materials don't show where it came from, so I am not trying to turn the agent in, just trying to show the math might be fuzzy
Male, 38 NT Preferred
$750k face increasing death benefit
$15k annual premiums for 27 years.
$99,400 annual distributions from age 64 to 95
IULs I have access to run out of money after 16 years even though spreadsheet from agent showing Midland has projected IUL crediting rate of 6.46% & ones I am running are 6.42% & 6.38%
I will buy you an online beer if you have the 5 minutes to assist. If no, I understand not wanting to provide the illustration. I love our industry's products, I just hate when people use wrong math or illegal materials without a license to sell a case.
NOTE--I don't have an agent or an upline involved as the client materials don't show where it came from, so I am not trying to turn the agent in, just trying to show the math might be fuzzy