Increases client control of policy due to high liquidity. Expanded planning capabilities. Creates planning opportunities for corporate clients. Removes the negatives usually associated with life insurance. The design of the low-load life insurance product has created much more than a very cost effective policy.
Flexibility is increased to benefit both the client and the planner.
When planning for asset accumulation, high first year values are very important. Such expanded flexibility not only gives the client maximum control of the policy, but also allows the planner maximum design capabilities, whether the objective be death benefit efficiency or asset accumulation. This design capacity allows for strategies that fully realize the clients objectives, and concepts that have not been seen in the market. One example in the business planning area is that of split-dollar. The use of a properly designed low-load life product can eliminate this liability by providing first year cash value liquidity that exceeds the premium paid.