SBLI FE Product

[Newby]

Is the plan cost included in SBLI's premium?

Yes

 

[myinsurebiz]

Yes it is.

Right...SBLI will automatically renew it every 12 months.

So - if the plan is included with the SBLI policy premium - if the policy holder dies - what happens to the beni's that are on the plan? Or - is the plan only available to the policy holder?

 

[myinsurebiz]

That's interesting. I'm inclined to believe that it might be a real value-add over and above the family receiving just a death benefit.

I'm going to do some studyin' and thinkin' on it.

What was the end result?

 

[myinsurebiz]

ABR payout that happened to a client of mine. Has a 150k policy (term). Diagnose with stage 4 breast cancer (terminal). She was offered 137k to walk away or half immediately and the remaining upon her death. It can be life changing. Cancer is expensive. A lot of people can't work during treatment. I have shared that story with a lot of potential clients over the years. It resonates.

Are these benefit $$'s taxable unlike the death benefit payout?

 

[Todd King]

So - if the plan is included with the SBLI policy premium - if the policy holder dies - what happens to the beni's that are on the plan? Or - is the plan only available to the policy holder?

Here you go, here's the brochure for that.

 

[goillini52]

So - if the plan is included with the SBLI policy premium - if the policy holder dies - what happens to the beni's that are on the plan? Or - is the plan only available to the policy holder?

They have to get buried at the same time as the policyholder....whether they're ready or not.

 

[rmhaire]

They have to get buried at the same time as the policyholder....whether they're ready or not.

Probably includes a multi hole digging discount.

 

[goillini52]

Probably includes a multi hole digging discount.

Either that or everyone share's the same hole. I've never shared a hole in my life.

 

[rmhaire]

Either that or everyone share's the same hole. I've never shared a hole in my life.

And now ain't the best time to start.