Sagicor no lapse GUL, why does it look to good to be true?

[rousemark]

Whichever they are focused on. Some people have a set amount of coverage they want. Some have a set amount of premium they want to pay. So I start from what they are focused on.

You give people what they want to buy?? What kind of insurance salesman is that?

 

[indiana260]

Paying extra makes a UL policy more stable. If you paid extra every month it would be additional protection that if you messed up the secondary guarantee there would possibly be some cash value to keep the policy in force. That's fine for an agent to understand but your prospects won't understand that. Not the majority of them.

My preferences on younger, healthier people.
1. Participating WL or sometimes non-participating if premium is more attractive
2. UL illustrated stay in force to age 105 (never to age 90 or below)
3. GUL if it's the only way to make the sale. It's not a bad product. But if the customer screws it up they will still blame you.

I think you misunderstood. I get what your response was... But I mean if a gul is defined as pulling all cash value them eating the coi and I have excess cv., Will it pull it then eat the diff.

 

[FinalExpenseDojo.com]

Agreed. Though I would have said 'most GULs' v 'some'. He seems to be mixing a couple different products together or just posting stuff he has read from someone that does not know what they are talking about.

If you know so much about them then why didn't post before me?

I'm sure many agents on here would have loved to see the answer before the 2nd page.

 

[WinoBlues]

If you know so much about them then why didn't post before me?

I'm sure many agents on here would have loved to see the answer before the 2nd page.

I am not trying to change anyone's minds. I write SIWL, Term, FUWL and GUL equally. It is all Life Insurance.

Your comments seemed, to me, like a blend of misinformation I have seen posted. If it is from your personal professional experience I stand corrected. That is why I posted 'most' instead of 'all' I am not presumptuous enough to presume I know it all or my way is the correct way.

The OP asked a legitimate question. I watched to see if anyone was going to give him an answer based on actual experience. I mentioned Scott and Matt because I believe them to be experienced well rounded agents. You may be as well, I do not follow you so I could not say.

Post your experience with GUL on healther 50 and 60 year olds. As the OP asked. I am happy to listen.