@missmae What rate of return is this illustrated at? This is very, very important… What is the floor? 0% or 1%?
What kind of bonuses are being illustrated? Are they guaranteed bonuses or non-guaranteed bonuses? Non-guaranteed bonuses would mean the carrier can make changes to them (usually means they lower the bonus, or stop paying it all together)
What does this look like when it’s stress tested? Run at a lower rate of return and/or hitting floors once or twice every 10 years? Average floor would hit 2-3x every 10 years.
Cap rates - what kind of carrier, stock or mutual? How has the carrier adjusted their caps in the past on both inforce business and new products? Some carriers lower caps on inforce business in order to prop up the caps on new products for better marketability / better illustrated values. Aka - drive new sales.
Again, stock or mutual? - do you understand the difference between the two? Stock carriers have stock holders to answer to (profitability) and mutual carriers do not.
Piece all of that together and ask yourself if you are comfortable with it.
At the very least you should be shown more than one carrier of the same product type if you’re really dead set on IUL.
IUL can be great, I own one myself - but it is one of the most complex financial products that exists… seriously. And it’s very important, at least in my eyes - that the policy holder understands it’s basics, the moving parts, and variability in outcome.