Today I wrote a Genworth policy. Initially, we were looking at including the 10 year survivorship benefit, however my client decided upon a 10 Pay. Well, I figured we don't need the survivorship benefit if we do the 10 Pay. I was sortve surprised that Genworth will allow you to include survivorship on the 10 Pay and charge about 10 percent premium. Now, I can only think of a snowball chance in hell situation where it might benefit a policyholder. I was actually surprised the system allows one to include survivorship on a 10 pay.
Thoughts anyone?
Thoughts anyone?