Did you know that 74% of all statistics are made up?
Indexed Universal Life
- Thread starter FinalExpenseGirl
- Start date
Did you know that 74% of all statistics are made up?
- 2,758
Can you prove that?
As sure as the last poster can prove that 80% of couples over 45 suffer from a chronic condition and 90% of them go bankrupt.
(Wonder if that's before or after Obamacare...?)
- 8,707
You just said 72% of all couple over 45 will file bankruptcy. I have not heard of this epedemic you speak of....You might want to recheck your numbers.
Don't confuse us with the facts! Nobody was supposed to do the calculations based on what was claimed.
tysonvalera01
New Member
- 1
did you try recommending an annuity? maybe perhaps indexed?
You need to go to work and do a little research. North American has a very good IUL....However, their recent ATTEMPT at the Living Benefits rider is very poor. One of the Worst IMHO in the marketplace. Very Limited Benefits.
If I was looking at the LB first, LSW, Transamerica, Sagicor, LFG, Genworth, John Hancock, and Nationwide to name a few have far superior Living Benefits. LSW and LFG have good IUL plans to compare with NA with much better LB.
InsuranceCat
New Member
- 11
At $200/month of total outlay, they may want to consider layering the cheapest mortgage term with whatever accumulation vehicle they prefer.
For the additional savings/accumulation, an IUL actually has more flexibility than say a Roth IRA. The owner can take a cash disbursement whenever they want rather than be beholden to IRS rules, subject to whatever rules from whatever policy they chose.
Last time I checked almost a year ago, Penn Mutual has an IUL with small minimum face values. Sometimes an increasing->level or straight level will generate lower customer fees. They also had a nice minimum index crediting rate in exchange for a slightly lower cap, making the performance consistent. People like the guaranteed minimum performance in this interest rate environment.
When you run an IUL to generate the LOWEST fees for the customer to MAXIMIZE cash value, the policy by definition is already geared towards living benefits. Any additional rider to access the DB while the insured is alive may be counterproductive.
Also at those premium levels for that age group, it is approaching cash-value final expense territory. Suitability really depends on what the client wants to save for (themselves or for others) as well as their risk tolerance.
For the additional savings/accumulation, an IUL actually has more flexibility than say a Roth IRA. The owner can take a cash disbursement whenever they want rather than be beholden to IRS rules, subject to whatever rules from whatever policy they chose.
Last time I checked almost a year ago, Penn Mutual has an IUL with small minimum face values. Sometimes an increasing->level or straight level will generate lower customer fees. They also had a nice minimum index crediting rate in exchange for a slightly lower cap, making the performance consistent. People like the guaranteed minimum performance in this interest rate environment.
When you run an IUL to generate the LOWEST fees for the customer to MAXIMIZE cash value, the policy by definition is already geared towards living benefits. Any additional rider to access the DB while the insured is alive may be counterproductive.
Also at those premium levels for that age group, it is approaching cash-value final expense territory. Suitability really depends on what the client wants to save for (themselves or for others) as well as their risk tolerance.
danmoore64
New Member
- 4
Just got an email from Genworth saying their Foundation Builder Index UL is in the Top 3 premiums for 97%* of cells. Also says High Cap rates.
*As of 10/23/13 Based on a comparison with 14 insurers at a 7% illustrated rate and non-guaranteed charges.
*As of 10/23/13 Based on a comparison with 14 insurers at a 7% illustrated rate and non-guaranteed charges.
- 8,707
Genworth really you want to go there.
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