Ah, I have figured out (part of) the mystery! In the time since you signed up, KCL has stopped offering the policy you bought (to new people) because it was too good a deal at current interest rates. Something like that. So in the absence of that IUL is the best option.
Oh wow, interesting. Yeah I get a guaranteed 3% return, so clearly they must be getting less than that now. I’m guessing in a product like I have it can only be backed by certain classes of investments that are not yielding enough return to sustain it right now.
Ah, I have figured out (part of) the mystery! In the time since you signed up, KCL has stopped offering the policy you bought (to new people) because it was too good a deal at current interest rates. Something like that. So in the absence of that IUL is the best option.
Oh wow, interesting. Yeah I get a guaranteed 3% return, so clearly they must be getting less than that now. I’m guessing in a product like I have it can only be backed by certain classes of investments that are not yielding enough return to sustain it right now.