- 180
I know (expect) there have to be qualifications and exclusions of some sort. Anyone that can offer a general tour of the landscape, please do. TIA.
Is Guarantees Issue for Real?
- Thread starter MichaelBurton
- Start date
- 29,487
No qualifications. The only exclusion is that if they die in the first 2 years from anything other than accident the death benefit is ROP(Return Of Premium) plus 5-20% interest, depending on the company.
- 29,487
One qualification...
Hahaha, I forgot about that one...and the ability to pay the premium.
- 2,758
One qualification...
Technically, this guy doesn't qualify either. The saying is that if "he can fog a mirror". Look closer.......you can see through that glass, therefore, not a mirror.
- Thread starter
- #6
- 180
How in the f*** does that work?!? Gotta see to believe. Is there consensus on the top 3-5 companies offering these products?
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LOL! Thanks, FEX.
- 29,487
Gerber, Kemper, Vantis, NGL, Equitable to name a few. There are others that are almost GI, like Settlers.
Then there are the GI companies that sell on T.V.
- Thread starter
- #8
- 180
It's gotta be lapse assumptions.
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Best software to spreadsheet these guys? Guessing compulife will do it? I just signed up but haven't fiddled with it yet.
Thanks, BTW, Goillini!
- 29,487
If they weren't making money...they wouldn't do it.
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FEX Quotes and CSG are the 2 quote engines I'm aware of for FE.
- Thread starter
- #10
- 180
No doubt. But with current practices in secondary markets, execs can make a shipload of dough and flee the scene of the crime before the bad underwriting shows up with The Bill. Lot of that going on right now, I fear. But probably not in this market. The LE and underwriting is too clear-cut. Not enough fog in which to hide; not enough time to pull of the heist.
Has to be lapse assumptions.
I am
