Return of Premium (Cashback) Product

You have a client and want to run them an illustration for our Return of Premium (Cashback) Product.  You'll notice that you have four different options: Cashback Life 20 - (SE), Cashback Life 20 - Age 95, Cashback Life 30 - (SE), and Cashback Life 30 - Age 95. 

Which one do you chose?  The Age 95 version and SE (state exception) version have a few differences.  They are:

• Rate differences 
• The SE version will only provide coverage for the term period (20 or 30 years). The Age 95 version is renewable annually after the initial level period at rates based on the attained age of the insured at each renewal 
• The SE version has been approved in OH, PA, UT, and WA

So if the insured lives in Ohio, Pennsylvania, Utah, or Washington you will select the Cashback Life 20 or 30 - (SE).  If they live in any other state you will select the Cashback Life 20 or 30 - Age 95.

If you have any questions or would like help setting up a Cashback Life illustration, just give us a call!

Illustration Development Team
illustrationhelp@kclife.com