NCSU INS GUY
Expert
Hey guys, need some advice. This is the first large case like this I have done when concerning an estate. I'm working on a quote for a friend of mine and want to be sure I'm doing the right/best thing for him given his parents situation.
They have already received one quote from another agent who was recommended to the family and is pushing whole life second to die on them very hard, however my first instinct was to do a guaranteed universal life policy.
Is this guys just trying to make more money/sell them a more expensive policy?
I know that the whole life policy will build up more cash value and do so quicker, that is not the primary concern for the family/estate in this case(they made that point clear). Having access to cash value/loans is more of an afterthought for them.
My quote is about $1,000 per month cheaper than the other agents whole life quote (both for the same face value coverage).
Am I correct to encourage them to go with a GUL policy based on this?
Give me pros and cons or any advice.
I can't think of any reasons why they would want a whole life policy instead of my policy?
For the record I'm looking at either the Mutual of Omaha Universal life Survivor policy or the Lincoln LifeGuarantee SUL
They have already received one quote from another agent who was recommended to the family and is pushing whole life second to die on them very hard, however my first instinct was to do a guaranteed universal life policy.
Is this guys just trying to make more money/sell them a more expensive policy?
I know that the whole life policy will build up more cash value and do so quicker, that is not the primary concern for the family/estate in this case(they made that point clear). Having access to cash value/loans is more of an afterthought for them.
My quote is about $1,000 per month cheaper than the other agents whole life quote (both for the same face value coverage).
Am I correct to encourage them to go with a GUL policy based on this?
Give me pros and cons or any advice.
I can't think of any reasons why they would want a whole life policy instead of my policy?
For the record I'm looking at either the Mutual of Omaha Universal life Survivor policy or the Lincoln LifeGuarantee SUL
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