IUL: What you need to know about commissions
October 29, 2024 by Drew Gurley
Flexibility in a life insurance policy is a great benefit for customers. It’s a big reason why the wide range of universal life products have been so popular.
However, flexibility in insurance often brings with it a more complex product, which can cause problems for both customers and agents.
Among the family of universal life products, indexed universal life is one of the sneaky confusing products I see agents struggle with
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Wink’s Moore on the Market: A lot of people assume that commissions on indexed life function similarly to whole life or term commissions.
Not so.
You have two components to the commission on an IUL: the target premium and the payout.
Here, Drew Gurley drops some knowledge on IUL commissions- -sjm
