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I blame the companies for the UL mess. They knew they would never pay the 10-12% interest rate that they were projecting on their illustrations which now are paying 4%. Then you factor in a lot of them raised the cost of insurance, you then have one hell of a box to fund. I have never sold a UL policy until recently but I have seen many in force ones over the years and only 1 was funded properly, the rest I have seen didn’t make it past 75. The companies then turn around and blame the agent because they did not fund it properly when they are the ones issuing the contract with underfunded premiums. They knew exactly what they were doing.
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