Guaranteed Level Premium Permanent Terms to Age 100
- Thread starter Davis
- Start date
A lot of companies...guaranteed universal.
rocky top buzz
Expert
- 62
We call it Term for Life. It's just Guaranteed Universal Life which by design has little or no cash value. It works just like term insurance, but instead of running 20 or 30 years, it runs to age 90, 100, 105, etc..
- Thread starter
- #4
Thanks for your information.
Another Quality post. What ins companies offer a simplified issued UL ?
Sagicor, Americo and Foresters come to my mind first. I am biased though, because I am contracted with them.
What's your target market?
- 24,934
I like Sagicor also. How does Americo compare? Is it GUL also? Underwriting, age and amount limits?
rocky top buzz
Expert
- 62
We have an express issue GUL with Mutual of Omaha. I cannot tell you that we have ever sold one though. Just like term, simplified is more expensive than underwritten. But we often use GUL in laddering coverage so if the client was already examined for the term, we use the same exam for the GUL carrier.
- 24,934
I find Sagicor's non med pretty competitive in some cases. While not targeted as SI at preferred and especially at standard and rated they are still pretty competitive and easy underwriting.
Just my 2 cents.
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