Hello helpers,
I was recently introduced into a newer product EIUL (Equity Indexed Universal Life) of Pacific Life. I think the upside is 11% and protection at no loss when SPX (S&P 500) lost.
Looking at the cost structure illustration, I understand that there are (i) Admin + Rider cost (ii) Agent Commission (labelled as Premium Loads) (iii) Coverage Charge and (iv) Term Ins. The most expensive in the earlier years was this Coverage Charge, at total $22K in 10 years. Term Ins would eventually be a lot more expensive when I start to forget changing my diapers. :err:
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I was recently introduced into a newer product EIUL (Equity Indexed Universal Life) of Pacific Life. I think the upside is 11% and protection at no loss when SPX (S&P 500) lost.
Looking at the cost structure illustration, I understand that there are (i) Admin + Rider cost (ii) Agent Commission (labelled as Premium Loads) (iii) Coverage Charge and (iv) Term Ins. The most expensive in the earlier years was this Coverage Charge, at total $22K in 10 years. Term Ins would eventually be a lot more expensive when I start to forget changing my diapers. :err:
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