Are whole life policies dead?

Jan 2, 2008

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  1. flinsuranceguy
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    flinsuranceguy New Member

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    Are whole life policies dead? Who here still sells them and why?
     
  2. STIBROKER
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    STIBROKER Like My post and enter the DRAWING,,,, Moderator

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    yes....on kids....
     
  3. Delta76
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    Delta76 Guru

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    no.....guarantees that can't be matched
     
    Delta76, Jan 2, 2008
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  4. GreenSky
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    GreenSky Guru

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    Yes and no...

    Rick
     
  5. senior-advisor-indiana
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    senior-advisor-indiana Guru

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    Maybe, kind of.
     
  6. Survivor
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    Survivor Super Genius

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    American General has a UL with a guaranteed death benefit that is cheaper than our WL.
     
  7. Newby
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    Newby Guru

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    Why would youconsider whole-life dead? What changed?
     
    Newby, Jan 2, 2008
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  8. David C
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    David C Guru

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    They are not dead and I doubt they will ever die.

    I sell them because people want them. You'd be shocked at the number of WL policies sold.
     
    David C, Jan 2, 2008
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  9. James
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    James Guru

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    Are you saying that the guarantee of the UL is equal or same to that of the WL?
     
    James, Jan 3, 2008
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  10. TXINSURANCE
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    TXINSURANCE Guru

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    I recently saw a TERM TO 100 policy - which made me wonder what role this would impact WHOLE LIFE other than of course the cash value aspect. I guess the theory is no one keeps this policies to death anyhow, so you could do TERM to 500, and the lapse rate would be so high it wouldn't matter.

    I guess my problem with Whole is it is expensive and in the early years it is a really not a good deal. You don't even tip the scale until WAY later, I just see better options other than letting the insurance company "invest" your money after fees, etc., etc.,

    Of course the "whole" aspect and refund at age 100, is another story... I know some agents that mix small whole with large term, not sure if that is to get two sales or if that is a viable strategy.
     
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