Ask Jim or Frank for a AIG Max Accumulator+ or Value+ Protector illustration and receive a $5 Starbucks Gift Card!
AIG is shaking up their IUL portfolio. They are discontinuing their Value+ IUL and rolling out the Max Accumulator+ and Value+ Protector in its place.
See which IUL product may help meet your client's needs
|Optimized for||Accumulation and Income||Guaranteed Protection
|Potential client||Higher Income or affluent with investable assets||Focused on guarantees
|Small business owners||More risk tolerant than GUL buyers
|Less risk tolerant than VUL buyers but still willing to accept some risk||
|Client needs||Accumulation and tax-protected gains for retirement income, college funding, or other cash needs||Death benefit protection for income replacement, wealth transfer or estate planning
|Supplement to traditional/Roth 401(k), IRA, or 529 plan||Economical alternative to GUL
|No direct market exposure||Opportunity to grow cash value in addition to guarantees
Both products have unique income riders to provide sizzle for the steak. AIG has hardwired the ability to turbo-charge cash values in some innovative ways.
Income for Life Rider
Select Income Rider
Income for Life
is another way to pay out cash values instead of regular loans, withdrawals, or participating loans. Utilizing this rider, we can guarantee an income for the life of the insured
, the trade off being the income for life payout is lower than what loans would illustrate.
I think it’s a good strategy for those that might get more conservative as they get older OR have longevity in their family and may need income for a longer time than more traditional loans can accommodate. It’s included in polices without a charge unless the rider is utilized.
The Select Income Rider
spreads the death benefit when paid out. It has to be selected at issue
since it changes the COIs in the policy. You can select a 10, 20, or 30 year period to spread the death benefit proceeds.
So why use it? It lowers the COIs in the policy and improves the cash value build up, therefore also improving income during loans and withdrawals. We’ve seen using it can improve the loans between 1 and 5 % to provide better income.
Give us a call today for your free cup of Starbucks! Be warned…we will follow up relentlessly….
Max Accumulator+ Producer Guide
Value+ Protector Producer Guide