What You (as Trustee) Need to Know About Equity Indexed Universal Life

Lately, ITM has seen an upsurge in the use of Equity Indexed Universal Life (EIUL) policies. Agents are touting the product’s “upside potential” with sales illustrations projecting higher rates of return than Current Assumption Universal Life (CAUL) products. These agents also highlight the “downside protection” that makes the product attractive to those fleeing the volatility of Variable Universal Life (VUL) policies.  Once again, the insurance industry has seemingly come up with the perfect vehicle for the times.