FE with a Dump in

[WinoBlues]

I get a fair amount of UL orphans. A lot of these were written in the mid 80s early 90s. And of course they are imploding. Many of these clients are in their 70s. With 70s ailments.

On healthier clients we are able to write GUL with dump ins to lower cost. SPWL/SIWL combo is an other option. Of course straight SIWL.

Anyone have a SI with dump in option that would work?

 

[SportsNut]

I get a fair amount of UL orphans. A lot of these were written in the mid 80s early 90s. And of course they are imploding. Many of these clients are in their 70s. With 70s ailments.

On healthier clients we are able to write GUL with dump ins to lower cost. SPWL/SIWL combo is an other option. Of course straight SIWL.

Anyone have a SI with dump in option that would work?

Sort of. Baltimore Life has a spwl product that combines an annuity from which prems are ded for the 7 pay or whatever the term is. I'm not super knowledgable on the details but this product could fit your needs in some cases; the u/w is tolerable but not going to take the basket cases.

 

[WinoBlues]

I should have been more clear. Most of these do not have a lot of cash value.

Current example:

Male age 69 type II. Currently has a $43,000 UL at $35mo has $5,000 SV. force lapses in 5 years.
Looking for maybe $15,000

 

[Todd King]

Lee, I think you're going to be hard-pressed to find a SIWL that allows for a 1035 exchange. I've looked and never found one.

Hopefully, if there is one, someone will come on here and let us in on it.

 

[lsalmans]

Thats interesting. Why do you think that is Todd? I have never even thought about that not existing.

 

[Justin Bilyj]

Layfeyette has a 1035 dump in, its the Liberty Plan out of the Centennial Series.

 

[WinoBlues]

Layfeyette has a 1035 dump in, its the Liberty Plan out of the Centennial Series.

Thanks. SIWL? How low of a face amount does it go?