Internal Rate of Return in the Quick Quoter

The Internal Rate of Return supplemental is now available to be added to illustrations using the Quick Quoter!

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.

The Supplemental section will start collapsed.  To view the available supplementals for your case click the arrow to expand the section.

Currently the IRR is the only available supplemental in the Quick Quoter but keep checking back as we will be adding more!  

Like the riders, clicking on the name of a supplemental will give a quick overview of what the supplemental is.  To add the IRR simply check the box and run the illustration.

Please contact us if you have questions or would like to walk through adding the Internal Rate of Return supplemental to your illustration in the Quick Quoter.

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

Compass Elite Illustrated Rates Supplemental

Have you ever wondered what illustrated rate you should use on your Compass Elite Indexed Universal Life (IUL) proposal?  If so, the Illustrated Interest Rate Consumer Sheet (form 12134) is a great supplemental you can read to learn about the historical probability of the Standard & Poor's 500 (S&P 500) Index.  This supplemental is also an excellent tool to show to clients to give them an acceptable level of confidence that the illustrated assumptions will be met.

If you would like to add the Illustrated Interest Rate Consumer Sheet to your Compass Elite illustration, check the 'Illustrated Rates' box in the 'Supplementals' section of the interface.  This supplemental is available to be added to your illustration using the desktop system, online new business system, and the Income Search wizard on iKCLife. The supplemental can also be downloaded or printed in color on the online sales material catalog and product portfolio on iKCLife.

Have a Great Day,

Illustration Development Team
1-800-572-2467 x8162

illustrationhelp@kclife.com