Percent Of Fund Charge refers to a fee that is deducted as a percentage of the policy's accumulated cash value. This charge is often associated with the management and maintenance of the investment component of the policy.
Percent Of Fund Charge refers to a fee that is deducted as a percentage of the policy's accumulated cash value. This charge is often associated with the management and maintenance of the investment component of the policy.
It is similar to the expense ratio found in mutual funds and can include costs related to administration, investment management, and other operational expenses.
Policyholders should be aware of this charge as it can impact the overall growth of the cash value within the IUL policy.
Percent Of Fund Charge refers to a fee that is deducted as a percentage of the policy's accumulated cash value. This charge is often associated with the management and maintenance of the investment component of the policy.
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