Ohio National - Demutualization

[DHK]

You are just talking in circles now. The policy is the plan for people who buy into an agent selling WL as Supplemental Retirement Income.

No, you're deflecting and conflating terms.

Good night.

 

[scagnt83]

Except you can't use the word 'guaranteed'.

Yes you can, because its the Guaranteed Column.

Again, you dont fully understand how UL works.... at this point I would say you dont understand UL even on an intermediate level...

 

[DHK]

You cant show me a WL policy where the COI stops... because it doesnt exist.

It isn't a liability for the POLICYHOLDER, but the insurance COMPANY.

 

[scagnt83]

No, you're deflecting and conflating terms.

Good night.

Go tell your clients that the policy they sunk $100k of their retirement savings into is not "the plan"... LMAO.

I live in the real world David.

 

[DHK]

A conflated world where "all the terms are mixed together and the [talking] points don't matter."

 

[scagnt83]

It isn't a liability for the POLICYHOLDER, but the insurance COMPANY.

Its a risk if they are not past year 10. And they have risked locking up all of that premium with that insurer on the promise of future dividend performance. Its lost opportunity risk. And if they are not insurable anymore... the risk blew up on them even more.

 

[DHK]

ts a risk if they are not past year 10.

I never said anything about a policy NOT being paid through all the years premiums were to be paid, now did I?

Deflecting and conflating. Again.

 

[scagnt83]

I never said anything about a policy NOT being paid through all the years premiums were to be paid, now did I?

Deflecting and conflating. Again.

All of your statements claim the "policy is paid up"... and that is not the case until after y10. I am pointing out the risk to the policy holder. There is substantial risk in the first 10 years if dividends are eliminated and that risk drops but does not cease after year 10.

If you want to refuse to acknowledge a risk that most any client sees themselves. That is on you.

 

[DHK]

All of your statements claim the "policy is paid up"... and that is not the case until after y10. I am pointing out the risk to the policy holder. There is substantial risk in the first 10 years if dividends are eliminated and that risk drops but does not cease after year 10.

If you want to refuse to acknowledge a risk that most any client sees themselves. That is on you.

And yet, I repeated myself over and over again that I was talking about a policy that would be paid up.

Did I stutter???

NO! The 10-pay policy (for death benefit purposes) is still GUARANTEED if all 10 years of premiums are paid.

The viability of the policy to use for retirement income purposes is the only part that is questioned.

I sure hope your E&O is paid up and that you aren't making undue statements that aren't true.

 

[Allen Trent]

You see, IUL doesn't have 10-pay, 20-pay, or pay to age 65 like WL does. Sure, you can structure it to be a 3-pay, 5-pay, or 7-pay to frontload more cash values, but that's not the same thing

You can indeed write the protection focus IUL with No lapse guarantee to age 120 & have it be a 1 pay or 10 pay or whatever to cover the no lapse permanently. Regardless of what changes are made to COI or cap rates, it is guaranteed to pay the death death benefit.