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Thursday, September 6, 2012

Adjusting the Interest Rate on an Inforce VUL

Interested in looking at a client's inforce variable universal life policy, but not sure how to adjust the interest rate?  Read on to see how this can be completed in a few simple steps.

 
 
To begin log in at www.ikclife.com.  If you don't have a login, you can create one by clicking on 'Create User.'

 
 
 
 
To access the policy, click on 'Run Inforce Illustrations' within the Inforce Illustrations tab.

 
 
 
 
Next, type in the policy number for your client and click 'Ok' to bring up the policy.  Don't forget to take note of the parameters necessary to pull up an inforce policy.

 
 
 
 
Clicking 'Ok' will pull up a summary of the policy.  Click on 'View Illustration' to view additional information for the policy. 

 
 
 
 
To change the interest rate on this inforce variable universal life policy, click on the wrench at the top.
 
 
 
 
 
Click on the 'Inforce Rates' tab and choose which product you would like to change the interest rate on by clicking on the Product Name.
 
 
 
 
 
This will bring up boxes at the bottom of the screen that will allow you to make changes.  Once you have made your changes, click 'Ok.'
 
 
 
 
 
When you run the illustration, you will see that the new interest rate(s) you chose are being displayed.
 
 
 
Please feel free to contact us with any questions you may have.
 
 
Illustration Development Team
1-800-572-2467 x8162
 

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