Annualised

"Annualised" typically refers to the conversion of shorter-term performance or rates into an annual figure.

For IUL policies, which involve components of life insurance and investment tied to a stock index, the term can apply in several ways:

Annualised Returns: This refers to converting the rate of return earned over a period shorter than a year (like a month or a quarter) into what it would be over a full year. This helps in comparing the performance of the IUL policy to other annual investment options.

Annualised Premiums: It could also relate to the calculation of premiums. If a premium is paid monthly or quarterly, the annualised premium would be the total amount paid over the course of a year.

In essence, "annualised" in the context of IUL provides a standardised way of looking at performance or payments on a yearly basis, making it easier to understand and compare with other annual figures or products.