Eclipse Accumulator is a single-life accumulation focused indexed universal life (IUL) policy that was built with transparency in mind. Resilient in times of market volatility due to some of the lowest policy charges in the industry1, Eclipse Accumulator goes back to basics offering your clients an accumulation IUL they can depend on.
Product details
Issue Ages: 0-80 based on “age nearest” birthday
Minimum face amount: $50,000 (ages 0-17); $100,000 (ages 18+)
Death benefit options: Level or increasing
Indexed account options:
- S&P 500®I,2 with 100% participation
- S&P 500 Low Volatility2, uncapped3
- EURO STOXX 50®4 with 100% participation
- Rainbow Indexed Account 1 with 100% participation5
Index crediting method: Annual point to point
Surrender charge: Applies for the first 10 years after issue or face amount increase
Minimum guaranteed interest rates: 2% at time of death, policy termination or surrender
Fixed interest rate loans 6,7:
- Loan charge rate: 4%
- Loan crediting rate: 3% in years 1-10; 4% in years 11+
Variable interest rate loans7,8:
- Loan charge rate: Varies based on Moody’s Corporate Bond Yield Average (3% minimum)
- Loan crediting rate: Directly tied to performance of client’s account allocations
- Available after year 1; net variable loan cost could be positive or negative
Indexed Loans7:
- Loan charge rate: 5%
- Loan crediting rate: Directly tied to performance of the Indexed Loan Account
- Available after year 1; net indexed loan cost could be positive or negative
Short-term loans9: Available after the first policy anniversary; interest will not be charged if entire loan is repaid within 90 days
Optional Agreements: Accelerated Death Benefit for Chronic Illness Agreement, Accelerated Death Benefit for Terminal Illness Agreement, Chronic Illness Access Agreement, Early Values Agreement, Exchange of Insureds Agreement, Guaranteed Income Agreement, Guaranteed Insurability Option Agreement, Income Protection Flex Agreement, Inflation Agreement, Overloan Protection Agreement, Premium Deposit Account Agreement, Surrender Value Enhancement Agreement, Term Insurance Agreement, Waiver of Premium Agreement