The primary difference between AXA IUL Protect and the outgoing BrightLife Protect is that IUL Protect has a built-in 1.25% asset charge that funds a new set of benefits - namely, a higher cap (10%), an indexed interest bonus (10% in years 11+) and fixed account credits in excess of 3.5% added to the indexed account (currently 0.25%). If you add up the value of all of these, they cost AXA about 1% but illustrate a benefit of over 1.5%, thanks to the magic of Indexed UL.