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@bmillerware If you are using DocuSign you are supposed to be in the U.S. to sign however the consequence of not being is essentially nothing. DocuSign locations are really never audited by insurers and signing abroad wouldn’t invalidate the contract.

@dory69 Intuitively that would be the IUL design for cash value accumulation but with a flat number like $150,000 there’s virtually no way it’s an option 2 as initial DB would have to be $143,761.88 to have current DB at $150,000 with option 2.

@dory69 As someone who has worked for a major U.S. life insurance carrier and explained types of policy loans to financial advisors and insurance agents many many times, I can confirm you would be strongly considered. Would only add that if OP has $150,000 DB it’s already almost certainly option 1.

@justviv If you’re single with no dependents, don’t get life insurance. I am all for well designed accumulation life insurance products for the right fit, but it’s unlikely you’re the right fit. Are you maxing 401k? IRA? Contributing to taxable brokerage? If answer isn’t yes to all 3, you have...

@jane3322 Right seems like this person isn’t a very good insurance agent or broker.

@jane3322 No disrespect but it also seems like you don’t understand the contract/the insurance agent didn’t explain it correctly. There is no dividend for IUL policies.