I was looking at Midland/NA spread rate is 3.5 - 4% .. I don't know about you guys but this is very attractive. Penn is 6% (but they do have a 1% floor) .. Given the way the S&P goes way up and down, I think it's a strategy worth considering? Especially for younger folks... I would do it for myself. Am I crazy?
What is the downside?
I just ran a calculator with North American 4% spread rate and the 100th percentile was 6.70% .. 95% of the scenarios would return 7.67% or better. That was based on the past 50 years.
One good good 20% return from the S&P gets your IUL cash value se
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What is the downside?
I just ran a calculator with North American 4% spread rate and the 100th percentile was 6.70% .. 95% of the scenarios would return 7.67% or better. That was based on the past 50 years.
One good good 20% return from the S&P gets your IUL cash value se
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