National life/Flex Life

[Truthfully19]

I have someone saying that their current iuL has a lifetime income rider, which will pay out $12,000 monthly. Looking at their value breakdown, it seems very expensive. Does this rider also eat into their death benefit? Is it finally healthy for them? And is this something I should offer?

 

[Truthfully19]

Anyone?

 

[goillini52]

Try posting this in the Life Insurance Forum.

 

[Lloyds of Lubbock]

Run an illustration with the rider , then without.
You will see how costly it is.
I would also look at the policy to get the wording of the rider.
It may say :This rider will payout $xx.00 based on the following conditions.
National Life of Vermont is an interesting company.
They were a small shop until they got into premium financing.
Their sales went through the roof.
Their ratings have improved and it is no longer a small company.
Now that financed loans are between 6-7 percent it will be interesting to see their persistency over the next year or two.