Prudential: Momentum IUL is Launching on August 19
07-18-2024
As summer winds down, Prudential's exciting product offerings are heating up to help clients build momentum in their financial lives! Available August 19, this new accumulation-focused indexed universal life product, Momentum IUL, offers death benefit protection plus cash value growth potential with market downside protection. It’s an attractive option for clients looking for a life product with accumulation potential without market risk.
Momentum IUL also offers features to help clients adapt to life’s changes while enabling them to protect and grow cash values:
Protect
- Clients can enjoy full protection against market losses with floors in each of the indexed accounts, which are tied to either the well-known S&P 500® or Nasdaq-100 ® indexes. Clients are not investing directly in an index but an account that tracks the stated index.
- Clients have a choice of death benefit amount and type with the ability to adapt to meet their changing needs.
Grow
- The unique indexed accounts are designed to offer the potential for cash value growth based on market performance, with full downside protection.
- A persistency credit can help further boost performance and drive momentum.
- Five options help grow cash values, including an innovative 6-month indexed account.
- Clients can access cash values with fixed loans or with participating loans, which offer the opportunity to stay invested in the indexed accounts
Plus, Momentum IUL offers these options
- Access to living benefits in the event of chronic or terminal illness
- A built-in limited No-Lapse Guarantee
- A wide array of riders to further custom-craft the policy to meet each client's unique wants and needs
- Three compensation options to choose from including traditional heaped, low trail, and high trail