Hey Ray,There is no significant difference in statistical outcomes between annual (rolling 12-month periods) and monthly -- as long as everything is de-annualized properly.What does 'de-annualized' mean? How do you do that?IIRC, we already have determined that IULs use point-to-point annual periods on the policy anniversary date. That means that person A goes Jan-Jan and person B goes Feb-Feb. So every month is an anniversary. So to do it accurately we have to compute rolling 12-month periods.Some do, and that's what I had assumed we were going to use to compare.And it's much easier to generate the data and charts using monthly figures (properly de-annualized) than using every rolling 12-month figures.My understanding is we are going from 1/1/75 through 21/31/2012, yes?• 27 years accumulation on an initial $10,000 lump sum, 10 years full distribution on an even payment annually.• Each anniversary, the IUL records a 0% floor, 12% cap, minus the 37 year average internal fee burden (yet to be determined,) on the S&P500.• The naked S&P buy & hold takes the real annual P&L on the face price, and adds 2.75% for dividends (yet to be confirmed as average,) and takes a 1% fee haircut each anniversary.• (Which specific product are you intending to buy, by the way?)Dave DonhoffLeverage Planner
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