Asset Builder Index UL II now offers these enhancements:
More competitive distributions at lower illustrated rates
New Interest Credit Enhancement Endorsement automatically included
– Rewards long term ownership of product
– Allows your clients to receive an additional, conditionally guaranteed*, interest credit
Lower fee structure in later policy years
Better liquidity with a 10-year surrender charge schedule
New shortened illustrations
Visit The Index InstituteSM for detailed product information, downloadable sales ideas, sales tools and consumer materials.
*Beginning in policy year 11, an additional interest credit will be applied to the index interest crediting segment once it matures, providing that the cap of that segment is set higher than the minimum cap for that segment. For 1-Year strategies, the additional interest credit is 0.35%, and for the 2-Year strategy, the additional interest credit is 0.70%. Beginning in policy year 11, as long as the interest crediting rate for the fixed account value is above the guaranteed minimum interest crediting rate, Genworth will credit the interest enhancement of 0.35% to the unloaned portion of the fixed account value.
