The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Strategy comparison S&P500 vs. IUL [rev 1]||Date: 4/7/2013 9:41 AM|
|Author: MurrayS||Number: 71764 of 77872|
What are the loads or annual fees for the IUL? Exactly how are those applied?
Ahh, I found it...sort of:
• Premium charge: A premium charge of 5% will be deducted as premium is paid into the policy.
• Monthly insurance cost charge: An insurance cost charge will be deducted every month on the monthly anniversary and is
based on factors such as age, gender, and risk class.
• Monthly policy charge: A policy charge of $7.50 per policy will be deducted every month on the monthly anniversary.
• Monthly expense charge: An expense charge will be deducted every month on the monthly anniversary and is based on
age, gender, death benefit amount, and risk class.
5% load on all money put in.
What, exactly, are the insurance costs and monthly expense charge??
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|