GUL Vs FE LIFE

[jdeasy]

Hmmm....quite a difference in premium. Haven't kept up with life insurance in many years....need to brush up.

I read some old posts on other threads. Can GUL policies increase their rates? In other words is it conditional on a certain rate of interest?

NO, GUL is guaranteed rates for however long it's set to. Age 100, age 120, whatever.

Missing a payment here and there can endanger the guarantees which is one of the reasons that I will not sell UL for FE.

But, for the right situation they could be just fine.

If I'm in a price competitive situation and still only intend to use whole life the RNA Essential Life cannot be beat. Again, that also has to be a good situation because the underwriting is very sctrict. But, a person that qualified for preferred with an exam could certainly get the RNA plan. The quote I gave you was standard because that's all they do at that face.