- 29,467
With all the back and forth in this thread, I thought I was in the FE Forum.....until I saw all those big words flying around.
IUL for a 71 Year Old?
- Thread starter term2u
- Start date
With all the back and forth in this thread, I thought I was in the FE Forum.....until I saw all those big words flying around.
- 11,273
I bet it's either North American or Midland National.
- 10,318
You are correct.
- 29,467
- 10,318
I know they're the same...but which one do you use?
It depends on the situation. I use both sides of Sammons.
AndrewRoche
Expert
- 50
Ahhhh....The ole $100,000 premium for $100,000 death benefit....That sounds like something they said on Get Smart.
Is this the Rapid product?
If you change it to option 2 and GPT how much of an effect does it have on the cash value and Death Benefit?
Is this the Rapid product?
If you change it to option 2 and GPT how much of an effect does it have on the cash value and Death Benefit?
Lump sum/single, how come GPT?
- 10,318
That is the proper way to design a SPIUL if you want to max out the CV rate of return.
I would not use Opt2 and GPT for a SPIUL if the goal was to max out return on the CV. If you want to know then go find out yourself. It will be a lower RoR than what I posted though and you will need to raise the DB by about 50% for the system to even allow you to run it with GPT.
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You couldnt do that same design with GPT. Even if you used Opt2 like he said to.
GPT would limit your single Premium on the $100k DB to around $60k. That is why you use CVAT for a single premium design to max out the CV. (go on NAs software and try it yourself)
The only thing using GPT would do is to create a higher DB, higher expenses, lower return on the CV, and a higher commission for the agent (because of the need for a higher DB using GPT).
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AndrewRoche
Expert
- 50
You are a Pip, SCAGNT83! There's just something loveable about you! It's very well hidden but I know it's there!!! 
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