The LIMRA LifeSource data will include, but is not limited to, the following information:
Details regarding key product features and riders
- maximum and minimum issue ages
- maximum and minimum issue amounts
- underwriting classes available
- current and guaranteed interest rates
- dividend rate (whole life)
- indexing strategies (IUL)
- fund options (VUL)
- surrender charges
- loan information
- free withdrawals
- premium guarantee specifications
- riders available
- policy fees
- retention limits
- distribution channels
Policy design objectives
- cash accumulation
- maximize income in retirement
- low cost death benefit, etc.
Illustrated premium, current and guaranteed cash values, and current and guaranteed death benefits by product type
- Specified policy years and representative cells (age, gender, risk class, face amount, and funding pattern)**
Actual performance information for participating whole life products over 10, 20 and 30 year periods
- actual premiums
- dividends (actual and illustrated)
- cash value (actual and illustrated)
- death benefit
- death benefit and cash value internal rates of return (IRR)
- terminal dividends
- interest adjusted payment index
- interest adjusted surrender cost index