In today's less than stellar financial environment, clients are clamoring for guarantees in their life contracts. However, you don't need to cede client control to fixed product sellers.
Consider offering guaranteed benefits in VUL contracts. That's because Actuarial Strategies has developed new designs for such Guaranteed Death Benefit (GMDB) riders that provide lifetime guarantees in today's VUL's that have significantly lower premium commitments (35% to 40% lower) than were previously available.
The new Actuarial Strategies' design is competitive with desirable secondary guarantee levels for general account universal life contracts. Your variable life offering, therefore, becomes a viable alternative to such contracts. For a slightly higher premium, the customer gets the major upside potential of the variable contract while being protected on the downside by the secondary guarantee.
Actuarial Strategies provides clients with a full array of services, including design (with specifications), (stochastic) pricing, and required forms wording as well as guidance on properly integrating the vehicle into your systems environment.
All required reserves are, of course, provided for.
A number of companies have recently introduced such vehicles. They recognize and address that the needs of difficult financial environments, such as we are currently experiencing, do not mean VUL contacts should be de-emphasized.
Our unique GMDB design is considerably less expensive for the buyer than previously designed GMDB vehicles, and provides variable universal life sellers with a viable and effective alternative to UL products with secondary guarantees.
Such riders provide a creative blend of product completion assurance not normally found in variable offerings with the potentially superior results such variable contacts may offer.
For more information e-mail us with your name, title and company name.
