ETI on Cashbacks

One call we receive frequently is in regards to the Cashback Life 20/30 - Age 95 and the Cashback Life 20/30 - SE (for those of you in OH, PA, UT, and WA), and that question is: What does the ETI stand for on the output?  Simply put, the ETI you are seeing on the output when you run your illustration stands for Extended Term Insurance.  This is the period of term insurance that the net cash value will purchase for the full face amount of the policy, less any policy loans and loan interest.  For example, let's say a client purchases a Cashback Life 20 - age 95.  In year 10, let's assume they stop paying premium.  The ETI indicates how long the policy will last in years and days.  So, in this example, the policy will run 8 years and 133 days - less any policy loans and loan interest.

Feel free to contact us for help setting up Cashback illustrations!

Jill Parsons
Illustration Development Team
illustrationhelp@kclife.com