Hancock UL W/ LTCi Rider- Good/Bad?

[CALTCAgent]

How much do all of us have the potential to make for running these illustrations?

This is the best point here. Sometimes I get off track!

 

[Mr_Ed]

It's a current assumption UL.

$4600 annual premium is too low to carry the policy. At age 87, internal rate of return on a $4600 premium for $1,000,000 db is 9.03%.

Policy funding will need to be much higher.

Need $11000 year premium at 5% IRR to fund $1,000,000 DB at age 87.

Pay now or pay much more later.

iow, it'll probably lapse before she needs long term care.
quoting someone I admire, "why would anyone buy a policy like that" (if they really understood how it worked.)

 

[ltcadviser]

How much do all of us have the potential to make for running these illustrations?

If agents continually run illustrations on all products the agent becomes very knowledgeable about every option and develops the expertise to make a lot actually.

 

[Tahoe Ray]

If agents continually run illustrations on all products the agent becomes very knowledgeable about every option and develops the expertise to make a lot actually.

I agree and have run a lot of Hancock and OneAmerica illustrations...

I just prefer not to do it randomly to make a point on an internet forum.

 

[ltcadviser]

I agree and have run a lot of Hancock and OneAmerica illustrations...

I just prefer not to do it randomly to make a point on an internet forum.

Good point...........