Monumental Comm Question

[nfl72]

I have been told by Foresters that with the new SIWL plan that goes down to age zero the cash value is added to the face amount when the client dies. It is also a pay to 100, with a 20 pay option.

I remember when I first started with FE I rode with the guy who got me into FE for one appointment. He clearly stated to the client that the cash value was on top of the face value suggesting that with $10,000 policy it could be worth $15,000 after ten years!

 

[lsalmans]

I have never heard that. Remember most foresters people dont know what their talking about. I wouldnt tell clients that when youre selling it. I remember when I was reading Dave Ramsey, that was a significant bash of his against whole life was that the ins company claims you have all of this cash value but when you die, you don't even get to receive it. To generalize, Cash value represents the amount of death benefit you can access before you die.

 

[WinoBlues]

I have been told by Foresters that with the new SIWL plan that goes down to age zero the cash value is added to the face amount when the client dies. It is also a pay to 100, with a 20 pay option.

I remember when I first started with FE I rode with the guy who got me into FE for one appointment. He clearly stated to the client that the cash value was on top of the face value suggesting that with $10,000 policy it could be worth $15,000 after ten years!

Then who cares about the dividend history, I have my new best policy to sell.

The pricing on a Par Whole life policy like that would be crazy high.
- - - - - - - - - - - - - - - - - -
Any Foresters IMOs Have an answer to this?

 

[Todd King]

Foresters' WL will pay dividends if there are any. They will pay them out in several ways, but PUA is the default. This is what adds to the face amount. They DO NOT pay the death benefit plus cash values.

 

[theinsuranceman]

I have been told by Foresters that with the new SIWL plan that goes down to age zero the cash value is added to the face amount when the client dies. It is also a pay to 100, with a 20 pay option.

I remember when I first started with FE I rode with the guy who got me into FE for one appointment. He clearly stated to the client that the cash value was on top of the face value suggesting that with $10,000 policy it could be worth $15,000 after ten years!

Was that one of those EFES managers?

 

[Newby]

I have been told by Foresters that with the new SIWL plan that goes down to age zero the cash value is added to the face amount when the client dies. It is also a pay to 100, with a 20 pay option.

I remember when I first started with FE I rode with the guy who got me into FE for one appointment. He clearly stated to the client that the cash value was on top of the face value suggesting that with $10,000 policy it could be worth $15,000 after ten years!

I CAN believe someone at Foresters told you that. But you have to be smart enough to know that they are an ***.

No WL policy pays any portion of the cash value at death. That's not the design of whole life insurance.

When idiots try to describe increasing benefit policies or dividends they often go completely down that wrong path. They don't have a clue what they are talking about.

 

[Norwayguy]

I CAN believe someone at Foresters told you that. But you have to be smart enough to know that they are an ***.

No WL policy pays any portion of the cash value at death. That's not the design of whole life insurance.

When idiots try to describe increasing benefit policies or dividends they often go completely down that wrong path. They don't have a clue what they are talking about.

Are you telling home office employees have no clue what they are doing.... I always believed that to be the case.

 

[jdeasy]

[/b]

Was that one of those EFES managers?

Since he doesn't work for EFES and never has, how could that be possible?

You are really scared of EFES. To the point now of making unfounded allegations. This from a guy that deliberately misleads prospects.

In Ky we call that lying.

 

[theinsuranceman]

Since he doesn't work for EFES and never has, how could that be possible?

You are really scared of EFES. To the point now of making unfounded allegations. This from a guy that deliberately misleads prospects.

In Ky we call that lying.

Dum dum, I asked if he was an EFES mgr., I didn't say he was one..pay attention.

In NC we call that stupid.

 

[Mattschmidt]

Dum dum, I asked if he was an EFES mgr., I didn't say he was one..pay attention.

In NC we call that stupid.

Nice name calling Insuranceman..Wouldn't expect anything less from you or your organization...Try and make this forum a positive place, versus the negative environment you create...Thank you in advance