Am I crazy, or does this product sound like a clone of American General's Elite Global Index UL?

NG Indexed Universal Life - Global (ING IUL-Global) is an individual indexed universal life insurance product offering valuable death benefit protection and the opportunity for cash value accumulation through index crediting potential based, in part, on a portion of the performance of two out of three stock market indexes.

This powerful combination of features may help your clients: With valuable death benefit protection Finance their life insurance premium Retain and reward key executives in their business Supplement retirement income From the Agent-Only training guide:

• Upside potential with unique “hindsight” interest crediting strategy based upon a formula that uses a portion of the better-performing two out of three indexes
• 5-year look-back period to reduce volatility associated with year to year index changes
• 1% guaranteed minimum interest rate for Indexed Strategy

• 60% Participation rate (current as of 11/23/2009)
  • For each Block, the Participation Rate and Index Cap will be set on the Block Start Date and will not change during that Block.
  • Will never be less than the Guaranteed Minimum Participation Rate of 15%
• No Index Cap (current as of 11/23/2009)
  • Will never be less than the Guaranteed Minimum Index Cap of 100%