GUL with a shot at the Index

Jul 10, 2018

  1. agnt30
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    agnt30 New Member

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    Hello, looking for some help. I have a client(M, 45) who is looking for $1.5m face amount GUL but doesn't want to miss out in case the Index averages 8%. Can anyone suggest any such products? Obviously, he wants to pay as less a premium as possible and as fast as possible like 5 pay, max 10 pay. Thanks in advance.
     
    agnt30, Jul 10, 2018
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  2. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    Your post is full of contradictions.

    is at odds with:

    What good would it do to earn 8% in a contract... if you have next to zero cash value in the contract?

    There are plenty of IUL contracts out there with guaranteed minimum premiums... but you still need to economically figure out what you're going to do. Are you going to minimally fund a contract? or Maximum fund a contract?
     
    DHK, Jul 10, 2018
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  3. agnt30
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    agnt30 New Member

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    Allow me to clarify. Let's say 7 pay of $30,000 per year carries a GUL with a DB of 1.5m to age 120, he will miss out if the Index returns 8% during this holding period and if his money was in an IUL. Are there any hybrids of GUL and IUL which guarantee DB but if the Index performs well, have plenty of cash value too?
     
    agnt30, Jul 10, 2018
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  4. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    Take a look at Midland or North American. Both have IUL products with minimum premium guarantees. I *think* Allianz has something similar.

    (I'm in California and I prefer to use carriers that have disability waiver of premium... and these companies don't offer those riders... in California. But I'd start with those 2-3.)
     
    DHK, Jul 10, 2018
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  5. Lewis_FL
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    Lewis_FL Super Genius

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    Protective Life Index Choice UL is the most competitive IUL with a no-lapse guarantee. Better CV than the only other one (North American/Midland). Premiums are not that much higher than their regular GUL at younger ages.
     
    Lewis_FL, Jul 11, 2018
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  6. agnt30
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    agnt30 New Member

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    looked at some illustrations of giul of North American life, don't like how CV quickly disappears after age 70 or so. I know DB is guaranteed but still hard to watch it turn to zero.
    Is it better to put this client in whole life? Can anyone please compare 10 pay 30K premium, min face to the same in giul? which is better?
     
    agnt30, Jul 16, 2018
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