There's always a tradeoff between delivering performance, paying compensation and earning profits. Allianz has generally maintained its leading position in the IUL market by focusing on the first two, but the tide has turned with LifePro+ Elite. Policy charges are up and, if you focus just on the S&P 500 accounts, the benefits are down - so you know that profitability is the beneficiary of both. But LifePro+ Elite still illustrates better than its predecessor thanks to a clever trick that sits very much on the black side of the gray area of the AG49 regulation.