Build it right or you’ll be walking on eggshells. In the course of reviewing so many premium financing proposals and transactions, I have the opportunity to dive deep into many indexed universal life (IUL) contracts. While premium financing has many complexities that go unrealized by consumers, even fewer understand the complexities of the life insurance product the already complex transaction is built on. I’ll focus on a recent case in which my services were procured through the estate-planning attorney for a potential premium financed policy owner. I’m not going to muddy the waters by naming the insurance company or the product because it really doesn’t matter. I’ve seen the same thing over and over through the years and have written about it before.