Mass Mutual's The Latest To Join The T.V. GI Crowd

[jdeasy]

BS. I would bet that ML has much better financial ratings than the FE carrier that was sold. And GUL is every bit as guaranteed as a WL is. Higher quality carrier and lower premiums... yeah that guy got screwed...

You can say that BS all you want and it's still BS. GUL is not the same guarantee as whole life. So, maybe the guy did screwed? Maybe he didn't? It depends on what he wants. If he wanted temporary insurance then he got what he wanted.

The first agent in there should have found out what he wanted.

 

[GreenSky]

You can say that BS all you want and it's still BS. GUL is not the same guarantee as whole life. So, maybe the guy did screwed? Maybe he didn't? It depends on what he wants. If he wanted temporary insurance then he got what he wanted.

The first agent in there should have found out what he wanted.

How is GUL temporary? Does it not last until age 120, or to death, whichever is earlier?

Rick

 

[jdeasy]

I was about to say a Gul puts Fe whole life to shame. I Run rough shot with sagicors Gul on healthy people that can pay sometimes giving twice the face for the same premium. There's that jd negativity I spoke of

I'm not negative. But, unlike you, I know the business. Your ignorance of this business is astounding. Under whatever name you chose to share it.

Call up the DOI and tell them you are presenting GUL as being the exact same thing as whole life. Then get back and tell us what they said about that proposition.

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How is GUL temporary? Does it not last until age 120, or to death, whichever is earlier?

Rick

So you are also saying that GUL and whole life are exactly the same? And you ran for insurance commissioner in your state?

 

[GreenSky]

So you are also saying that GUL and whole life are exactly the same? And you ran for insurance commissioner in your state?

Are you unable to read? We use English in the other states.

Read my questions again and then answer after you digest what I wrote. I never said they were the same.

My question (and it was indeed a question) is why GUL is not permanent insurance as long as the premiums are paid.

I understand if you are such a one-trick pony and only understand FE that you can't answer. Maybe a LIFE INSURANCE AGENT will respond.

And please, don't put words in my mouth again. I can speak for myself.

Rick

 

[senior-advisor-indiana]

I'm not negative. But, unlike you, I know the business. Your ignorance of this business is astounding. Under whatever name you chose to share it.

Call up the DOI and tell them you are presenting GUL as being the exact same thing as whole life. Then get back and tell us what they said about that proposition.

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So you are also saying that GUL and whole life are exactly the same? And you ran for insurance commissioner in your state?

You should have directed the first part to greensky too...

 

[GreenSky]

You should have directed the first part to greensky too...

He should learn to read.

Rick

 

[PA Bill]

BS. I would bet that ML has much better financial ratings than the FE carrier that was sold. And GUL is every bit as guaranteed as a WL is. Higher quality carrier and lower premiums... yeah that guy got screwed...

Yeah, but if one payment is missed on a GUL (GUL's dirty little secret), all the premium guarantees go out the window and will not be a part of any re-instated policy. Kind of a dicey proposition for the FE crowd, don't you think? A nice little built-in bait and switch. Pretty slick, they got both the public and the agents fooled. No wonder they don't want good agents selling it! No matter how you slice it, those products are cheaper for a reason.

p.s.- Obviously, another reason it's cheaper is because of the two year wait. I know people like to try and roll the dice and beat the house. But if that's your mentality, why pay for insurance at all? Every bit as guaranteed? Is that a joke?

 

[GreenSky]

Yeah, but if one payment is missed on a GUL (GUL's dirty little secret), all the premium guarantees go out the window and will not be a part of any re-instated policy. Kind of a dicey proposition for the FE crowd, don't you think?

Well there you go. You gave me a reason. Something the self-appointed god of FE didn't bother writing.

I don't know what the premium differential might be, but couldn't a GUL be funded at higher than minimum and potentially avoid the "trap?" If so, would it then lose the premium advantage over WL?

Again, I don't sell FE and really don't want to work that market. But I am curious about this.

Of course, I also wonder if JD would tell the DOI that only WL is permanent and GUL is temporary.

Rick

 

[WinoBlues]

You can say that BS all you want and it's still BS. GUL is not the same guarantee as whole life. So, maybe the guy did screwed? Maybe he didn't? It depends on what he wants. If he wanted temporary insurance then he got what he wanted.

The first agent in there should have found out what he wanted.

Says who? Some do not know what they do not know. How is it temporary?

 

[sirherbie]

Gul has cash value which can be used in the early yrs . If you pay a Gul for 1 yr it wouldn't lapse for 4 months on avg. A Fe product would lapse in 60 days in most cases as it has no cash value . Ok if you miss a few payments over the yrs it runs to age 100 instead of 121.