IRR Supplemental Enabled for Life Protector

The Internal Rate of Return (IRR) supplemental is now available to be added to Life Protector illustrations! 

The IRR is a method used to determine the return on premiums paid into a life insurance policy.  It is the calculation of the interest rate required for the cumulative premiums paid accumulated with interest to equal the death benefit or surrender value of the policy in a given year.  Each year's IRR calculation assumes the policy is still inforce and the insured died or surrendered at the end of that year.

To add the IRR to the Life Protector on the desktop system simply check the 'Internal Rate of Return' box in the Supplementals box.

If you're using the online new business illustration system click on 'Tools' (the wrench icon), 'Print Defaults', and then check the 'Internal Rate of Return' box that is listed in the Supplemental section.

If you have any questions on the Internal Rate of Return supplemental or how to add it to your Life Protector illustration give us a call!

 Have a Great Day,

Illustration Development Team
1-800-572-2467 x8162
illustrationhelp@kclife.com