Important Notice Regarding Policyholder Letters

We are providing you with advance notice of an upcoming mailing that we are sending out to all Indexed Universal Life (IUL) policyholders. 

In mid-September, we will begin mailing out letters to our IUL policyholders to notify them that they now have a new crediting strategy option for their policies: The BofA U.S. Agility Index.

IUL clients now have the option to allocate funds from their policy to this new option at the end of their annual point-to-point period for each index segment.

Should the client have any interest in this new option, you need to know the following:

• New premiums are swept into index accounts on the 10th of the month following when premiums are received.
• We need at least a two-day notice before incorporating changes.
• The transfer form is used to move existing money already in the policy into the new strategy.
• Money would be moved when their existing strategy matures, which is at the end of the annual point-to-point period for each index segment.
• The current offered participation rate on this new crediting strategy is based on the policy type that they own. (185% for Income Advantage or Professional Advantage; 175% for IUL Express; 165% for Life Protection Advantage)

Download a sample copy of the client letter that they will receive for your reference.