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If you're going to utilize a small-cap index like the Russell 2000, you may wish to stop briefly and consider why an excellent index fund company, like Lead, does not have any funds that follow it. The factor is because it's a poor index.
I have not even dealt with the straw male below yet, and that is the truth that it is fairly unusual that you really have to pay either taxes or considerable payments to rebalance anyway. Most smart investors rebalance as much as possible in their tax-protected accounts.
And of course, no one must be purchasing crammed common funds, ever. It's actually also poor that IULs don't function.
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