- 2,452
Title speaks for itself. Just curious if there's anything out there like this thanks
Are There Any Spwl Guaranteed Issue Products Out There?
- Thread starter jacobtn
- Start date
- 16,884
Every funeral Preneed insurance offers a single premium GI option for ages 0-100
Some of them allow agents to sell without a funeral home involved. NGL, Unity, FDLIC, ForeThought all have products any agent can sell.
They all work on the same principle. Amounts from $1,000 to $25,000. Face amount is slightly more than premium paid but increases each year. Commissions are a % of the face amount and based on age. Ages 51-75 usually pay the best. Face amount growth % can range from 2% simple to 4% compounding.
Funeral homes have all sold these for years. But they also sell the multi-pay version of it too.
Some of them allow agents to sell without a funeral home involved. NGL, Unity, FDLIC, ForeThought all have products any agent can sell.
They all work on the same principle. Amounts from $1,000 to $25,000. Face amount is slightly more than premium paid but increases each year. Commissions are a % of the face amount and based on age. Ages 51-75 usually pay the best. Face amount growth % can range from 2% simple to 4% compounding.
Funeral homes have all sold these for years. But they also sell the multi-pay version of it too.
- Thread starter
- #4
- 2,452
Yes but suitability is an issue with these, and min premiums as well. I agree though sometimes they are the solution. Thanks newby I will look into that.
You can write the settlers bronze plan on a single premium basis.. 15,000 DB is $11,366.70 age 65 female.. Return of premium plus 10% first two years. You are limited to 20% of your production with Settlers on the Bronze plan.
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