See a real 14-year IUL statement on an 84-year-old client: $815,000 cash value, ≈$71,000 credited last year, and only ≈$1,090 in fees. We break down caps, volatility-control indexes, and a 4.6% fixed bucket—plus how “wash” (≈2%) and “indexed” (≈5%) loans work for tax-free income. Learn why max-funded design keeps the net amount at risk (and…