Best IUL

Aug 3, 2018

  1. achilles213
    Offline

    achilles213 New Member

    Posts:
    3
    Likes Received:
    0
    State:
    Texas
    American General Quaility of Life is really sweet.

    You have to be licensed through AIG Nashvillve so barley any people sell it.

    Chronic/Critical/Terminal at no extra charge, cash value is almost exactly same as Value+protector.

    My dad 30 year life insurance vet and my mom got it. My dads partner bought it, and another sales lady in the office.

    We had one guy get like $647,000 out of his million for bone marrow cancer. Paid all his bills, bought a house on the lake, and down payment on his sons house. LOL.

    Let's be real, this day and age somthing's going to happen eventually. LTC is dead, and people are going to these rider's.

    Nothing can compare it's like LTC+Death+Cash for the same price, with no extra charge on premiums for the rider. Plus there is accidental death bonus payout for quarter of million.

    PM if u wanna know more
     
  2. Allen Trent
    Offline

    Allen Trent Guru

    Posts:
    381
    Likes Received:
    249
    I am a fan of hybrids & also stand alone LTC. You should be careful to say "LTC+Death+Cash", most hybrids are more like "LTC or Death or Cash". if you take loans & withdrawals to supplement retirement from age 60-80 like many max distribution illustrations, there may not be any ADB CIA money left to accelerate when needed at time for nursing home. Many policies impact the ADB CIA bucket on a pro-rata basis of ADB CIA bucket as a ratio of total face of the policy, thus it may be depleted from the loans/partial surrenders earlier in life reducing the ADB CIA pool of funds each time a distribution is taken.

    A $250k IUL with $250k ADB CIA rider where the client takes $25k per year out to supplement retirement from age 65-75 will have depleted the entire $250k ADB CIA, meaning there is none left at age 85 when needed for nursing home. They can still utilize any cash values from the policy still remaining to take out to pay for care, but it wont be from the ADB CIA rider that would be gone.

    I am not sure many producers understand this component. It isn't bad, it just means the max funded IUL for max distributions shouldn't like be planned on for LTC expenses. the ADB CIA riders should likely be placed on the no-lapse Protection focused plans instead..............imho
     
  3. rousemark
    Offline

    rousemark Still Here!

    Posts:
    16,101
    Likes Received:
    3,537
    State:
    Tennessee
    Sold those plans when I was captive with AGLA. While they can be handy, there is one problem.. If the death benefit was bought because of a specific need and then it is accelerated the need at death is not covered ..
     
  4. mgoodin08
    Offline

    mgoodin08 New Member

    Posts:
    12
    Likes Received:
    0
    State:
    California
    Wow! I'm certainly learning a lot from these different threads. Mainly I'm learning that there is a LOT more I DON'T know than there is that I do know when it comes to the structuring of WL and IUL policies- probably a good thing I haven't done much of that. I am a medicare guy but would like to branch out into the WL, IUL and Mutual Fund sectors (have my 6&63). I am thinking I need to align myself with a few different companies and a BD that have good producer support, training/mentoring and case design teams to help while I learn. So far I am thinking Pacific Life, Minnesota Life and Penn Mutual.

    As their are obviously more experienced producers here in this forum am I far off in the direction I am heading? I assume it is possible to shop a clent's needs to a few different companies and place it with the company that produces the best policy design? Any recommendations or advice? Not sure how to pursue broker/dealer relationships... Any advice on that would be great.
     
  5. paulallred
    Offline

    paulallred Expert

    Posts:
    74
    Likes Received:
    8
    State:
    Maryland
    Hi, private message me and I'll, steer you in the right unbiased direction.
     
  6. goillini52
    Offline

    goillini52 MAGA...Eat More Bacon & BUILD THAT WALL!!!

    Posts:
    18,830
    Likes Received:
    5,085
    State:
    Illinois
    Fixed that for you. :biggrin:
     
  7. scagnt83
    Offline

    scagnt83 Worldwide Expert of Everything

    Posts:
    7,020
    Likes Received:
    523
    State:
    South Carolina
    By far the most accurate thing you have ever done on this forum! :D

    But its always hilarious when someone wants to "help" or "give unbiased advice"... but is only willing to do it privately.

    Correct info and unbiased thoughts are not afraid of public scrutiny!

    But biased or incorrect or incomplete info... or recruiters... are always afraid of public scrutiny!
     
  8. producer1
    Offline

    producer1 New Member

    Posts:
    11
    Likes Received:
    2
    We often get the question from consumers and even agents "what is the best product out there?" .. the real question should be which one is the best for a particular client based on their unique situation.
     
  9. mgoodin08
    Offline

    mgoodin08 New Member

    Posts:
    12
    Likes Received:
    0
    State:
    California


    Fair enough- but do you all have any advice or constructive thoughts on my post? You know, something that would be constructive?
     
  10. goillini52
    Offline

    goillini52 MAGA...Eat More Bacon & BUILD THAT WALL!!!

    Posts:
    18,830
    Likes Received:
    5,085
    State:
    Illinois
    Beware of those that want to tell you what they have to offer by PM. There's a reason they don't want to post where the Forum can see. I'd listen to scagnt83, as he's very knowledgeable on the subject. I'm just here to be a smartass. :twitchy:
     
Loading...