Jstantontxfb
Expert
- 30
I am only interested in performing this replacement if its in My clients best interest.
He has a $250k UL1 policy (death benefit does not increase).
It has $55k in cash value; however he is paying $600 per year to keep it afloat, his concern is Cash Value, and his level death benefit.
With our 20 pay WL He has the benefit of gaining cash value, and his death benefit will increase as dividends are paid.
His plan is to cash out of the UL and fund the new policy, he understands that he will have a higher annual premium, but he will have guaranteed gains.
I am waiting on him to send me a copy of the illustration, this way I can determine whether or not it is in his best interest to replace the policy. My firm is dead set against replacement if at all possible.
Thanks for the input.
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Anyone have any input?
He has a $250k UL1 policy (death benefit does not increase).
It has $55k in cash value; however he is paying $600 per year to keep it afloat, his concern is Cash Value, and his level death benefit.
With our 20 pay WL He has the benefit of gaining cash value, and his death benefit will increase as dividends are paid.
His plan is to cash out of the UL and fund the new policy, he understands that he will have a higher annual premium, but he will have guaranteed gains.
I am waiting on him to send me a copy of the illustration, this way I can determine whether or not it is in his best interest to replace the policy. My firm is dead set against replacement if at all possible.
Thanks for the input.
- - - - - - - - - - - - - - - - - -
Anyone have any input?
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