Best SPWL Company?
- Thread starter slyrock1
- Start date
I am a big fan of SAGICOR for Interest Sensitive and Indexed Single Premium Whole Life. Good Cash accumulation and has good face conversion with a decent Street Comp.
Transamerica's TransACE GUL product with LTC rider (which can be calculated as a Single premium GUL). It is nice for Higher Face amounts. It also has a ROP rider in the 15th, 20th and 25+ years, up to 33% of Face. EX: Standard 65 Female NS with $100k will have $300k Face. Avg Street Comp in this example is about 7.4%
Transamerica's TransACE GUL product with LTC rider (which can be calculated as a Single premium GUL). It is nice for Higher Face amounts. It also has a ROP rider in the 15th, 20th and 25+ years, up to 33% of Face. EX: Standard 65 Female NS with $100k will have $300k Face. Avg Street Comp in this example is about 7.4%
- Thread starter
- #3
Well that sounds like a really solid policy (TransACE), and I'm contracted with them, but what if it's a 64 year old female and the premium is only around $4,000?
Then what would you recommend?
The TransACE requires a minimum face of $25k so the premium needed would be $11,126.
The best plan for the client would be Sagicor. Min of $5k premium and would be a guaranteed Face of $9500 but with their 10% bonus and assumed 4.5% interest on the Index product the min face is about $10,500+. This is a Standard issue upto table 4 underwritten. Sagicor also has full ROP from Day 1.
Sagicor Indexed SPWL is a far better product for the client with a Street comp of (7%)
If you are looking at commission only, than Baltimore Life has a min $5k premium plan. Standard underwriting would generate $9500 face. It is fully underwritten though. Very little advantage in Cash Value and Surrender penalties do not allow ROP until 7-10 years.
Street comp for Baltimore Life is (13%).
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Ages 81-85 Street Comp: Index SPWL is: 5%, Interest Sensitive SPWL is: 6.5%
