- 10,695
Yeah, I get that. But is it a guaranteed premium? I have heard of WL policies that have a "current premium" and a "guaranteed premium". Never seen one, but heard older agents mention them before.
FE Agent, new to IUL
- Thread starter Jakel
- Start date
Yeah, I get that. But is it a guaranteed premium? I have heard of WL policies that have a "current premium" and a "guaranteed premium". Never seen one, but heard older agents mention them before.
- 25,912
Why are you asking me??? Ask the old guys.
Yes the Whole Life Policies I am aware of are guaranteed premiums. There were some hybrid type Whole life that had a premium offset built. Using Dividends to reduce premiums automatically. Not a dividend option. Those graded premium policies work great, until the non guaranteed dividend scale changed.
- 17,040
I don’t understand what you sre asking. Dividends are NEVER guaranteed. So any reduction in the premium you pay because of dividends is never guaranteed either.
- 17,040
They were probably mixing up Universal Life with Whole Life. It’s a common mistake.
This is sad, I never considered myself an older agent, but I sold a couple of these when I was first starting out in '04. It was a non par interest sensitive whole life policy that had a current premium based on their current assumptions regarding the usual and interest rates, and a "guarantee premium" that could not be exceeded.
- 25,912
Jackson National?
American General
Interest Sensitive WL plans had a current and a guaranteed premium.. Don"t know if anyone is still selling them.
- 5,884
I have a carrier that provides that plan. Good product for younger folks. FU product, which makes it difficult to front in the FE market.
- 5,884
Correction to the above... it has guaranteed premiums.
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