I'm Enrolling Myself in an IUL...

Discussion in 'Indexed Universal Life Forum' started by MisterRandyWatson, Apr 3, 2011.

  1. jboussea
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    jboussea Well-Known Member

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    Are you sure this wasn't F&G ?? i have heard of them doing it but not Minnesota. Not that I've written up any Minn policies...

    These companies livelihood depend on cash reserve. .. they want new business and sustained busines... so It's up to us refuse to write companies that have questionnable practice... only then will they fall in line.

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    what company did you end up going with .. and how has the policy done for you..
     
  2. ATM
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    ATM Well-Known Member

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    My agent told me it was Minn Life because he sold the policy but I cannot say for certain he wasn't mistaken. However, I would trust he had it correct.
     
  3. scagnt83
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    scagnt83 Well-Known Member

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    I have not heard great things about MLs renewal rates. I can confirm that Voya and Axa have not had the best renewal rates. Ive heard that LSW has not had great renewal rates, but its just second hand knowledge.

    LFG, North American, Midland, Allianz & Penn Mutual all have very strong reputations for renewal rates (on IUL at least, NA kind of sucks with IAs).

    This is something that often gets overlooked by agents, especially agents new to this product. A really high cap or participation rate means nothing if the carrier doesnt keep it at those levels. Quality and track records matter, not how flashy a product is or how many sales a product has.
     
    Last edited: Jun 27, 2017
  4. jboussea
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    jboussea Well-Known Member

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    Yea this is so much more important than COI increase that the blogosphere tends to focus on.. THis is a classic Okie doke move.. I really thought it was rare but I would love to do some more research on other carriers. I subscribe to IUL DIgest and he only had F&G as a carrier who does this.
     
  5. ATM
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    ATM Well-Known Member

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    I am meeting with this agent tomorrow. I will ask him to bring statement he was referencing so I can confirm.
     

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