Universal and Indexed Life: Rapid Fire

What this video covers

• How universal life separates the death benefit from account value, and how premiums, interest credits, charges, loans, and withdrawals affect that value
• Why flexible premium timing does not eliminate funding needs or prevent coverage from lapsing
• How caps, participation rates, spreads, and floors shape indexed interest credits, and why the policyowner does not own the index
• How an 80% participation rate on a 10% index gain produces an 8% preliminary credit, then a 6% credit with a 6% cap, before charges
• Why a zero floor can limit a negative index credit without protecting account value from charges, loans, or withdrawals
• How to distinguish guaranteed from nonguaranteed illustration values, and an in-force illustration from a sales illustration, premium history, or surrender quote
• Which policy changes require a separate request, evidence of insurability, approval, and an effective date