Million Dollar Baby

[ncaggie]

Needed this, made me laugh. Bought first set of leads. This is way harder than i thought.

 

[Jillian]

Most carriers won't insure the baby unless the parents have at least the equal face amount on themselves.

 

[tlmarketing]

You're basing this on?????

Robertjrussell ...kgmom ... Input????

I was basing my answer on the tried and true concept called math.

 

[jn8691mr]

I was basing my answer on the tried and true concept called math.

That clears things up ... Profound lol

 

[jn8691mr]

It can be a perfectly fine way to save money for a child's future needs. There will always be people who do not like it and say it wont work. Most of them have not taken the time to actually compare a competitive policy that is properly designed to a 529 Plan. That is not the problem though... If you want to sell it great. Learn how to first. Take CE classes, watch some webinars, RUN ILLUSTRATIONS YOURSELF over and over, or read the forum.... lots of info on there about this already... no need to start a new thread when you obviously have not taken the time to do research yourself first. If you cant run the illustration yourself you have no business selling IUL. You will do more harm than good. btw, $100/m will not even come close to paying for college in 18 years.... not even a single year of it.

I actually do know how to run the illustrations now and if you re-read it's not $100 per month for 18 years ... It steps up and at those premiums, with the proposed interest credit of 6.9%, the figures do workout.

In addition, I actually did use the search button with no results

 

[tlmarketing]

post the illustrations so we can see

 

[scagnt83]

It seems you are searching for the term "million dollar". Try searching for "college funding" or for "IUL" in general.

A properly designed IUL (meaning fully overfunded) for $100/m on a 1 year old might be $200k at most. No where near $1mm.



If you can run illustrations yourself great. My point is that you need to play around with the illustrations and the various options within a UL policy to get a better understanding of what it all means and how it all works.

ULs are much more complicated than WL. Running illustrations and tearing them apart via analyzing is one the the best ways to learn how the product works.