Buy Term and Invest the Difference...NOT!!!

[myinsurebiz]

I know nothing about either of those carriers in the IUL space. They're not players.

That being said, following a well structured plan will yield much better results than doing nothing at all.

In that case, the carrier/product is much less relevant.

Foresters pops up quite a bit in the quoters . . . Non-Med and Simple Issue . . . .

 

[Tahoe Ray]

Foresters pops up quite a bit in the quoters . . . Non-Med and Simple Issue . . . .

For those purposes, Foresters is great.

For IUL, I have no idea but they dont show up on anything that I run/subscribe to.

 

[SPUR CITY]

Foresters doesn't have an IUL

 

[myinsurebiz]

Foresters doesn't have an IUL

yea - just a UL . . . But looks ok.

 

[myinsurebiz]

Foresters for the Term was my thinking.

 

[Norwayguy]

But don't think a $25k IUL will build any substantial Cash - but, seems like it would provide the DB and ADB's once the Term ran out.

Your not going to like what you do to make a 25k IUL build cash...Max find and what that does to the commission...I have a hard time seeing your call center focus transition from selling 1 or 2 FE plans to IUL over the phone.

Also how can you only recently be introduced to term if you were with Primerica or AL Williams...

 

[myinsurebiz]

I have a hard time seeing your call center focus transition from selling 1 or 2 FE plans to IUL over the phone.

No call center - just some within my circle.

Also how can you only recently be introduced to term if you were with Primerica or AL Williams...

Man - AL Williams was like 1980'ish. Never did Primerica. Heck - didnt really do ALW - may have sold a dozen clients . . .

 

[myinsurebiz]

Your not going to like what you do to make a 25k IUL build cash...

Exactly what I was saying. But - $25k IUL for just DB - is it worth the premium for a 30 - 40 y/o? No cash accumulation expected - but, this client may not have wanted cash - just a certain DB . . .

I like a $Million$ Term for these peeps - but still think they need some sort of permanent insurance - WL, IUL, etc is needed. If they can pay more than the insurance part - more power to them . . .

Lot's to learn. I'm going to become familiar with the Ameritas and Foresters product and go from there . . .

 

[Tahoe Ray]

Exactly what I was saying. But - $25k IUL for just DB - is it worth the premium for a 30 - 40 y/o? No cash accumulation expected - but, this client may not have wanted cash - just a certain DB . . .

I like a $Million$ Term for these peeps - but still think they need some sort of permanent insurance - WL, IUL, etc is needed. If they can pay more than the insurance part - more power to them . . .

Lot's to learn. I'm going to become familiar with the Ameritas and Foresters product and go from there . . .

An IUL client doesn't normally need final expenses.

That is a want and not a need for those people.

Selling IUL for under 10k/yr in premium is a lot of effort for not much money.

Just some food for thought.

 

[myinsurebiz]

Selling IUL for under 10k/yr in premium is a lot of effort for not much money.

Just some food for thought.

I don't know. $300 month @ 130%+ commission and 4%+ Renewals - that's a lot of money - to me anyway . . .