Just saw a TV commercial for SL. They were highlighting the fact that they have a ROP policy. I am assuming they were talking about WL, but they may have term. Said that you would get full face amount at death and if you live would get a full return of premium when the contract endowed. The problem I see is that a WL policy won't endow until at least age 100 and no ages were mentioned. Makes it sound like they are offering something that nobody else does.
Senior Life commercial
- Thread starter billyb
- Start date
- 26,179
That commercial is referencing a senior term product they offer. If you out live the term you get all of your premiums back.
- 6,027
It is a Simple Issue Term with ROP . . . Commissions suck - like 40% at the max. most get 30%.
SL normal 20 year Term pays over 100% with renewals . . .
- 6,027
ROP policies suck . . . Best to buy normal Term and invest the difference. Like ole A L Williams recommended . . .
- 4,307
But you know as well as I, most people mean well and plan to invest "the difference", but rarely keep it up.
- 1,912
Its also nearly impossible to find a fund that will allow for you to invest $10 $20 a month (the difference)
- 4,307
Right. AL Williams, then Primerica, apparently had a way to have an investment account using small dollar amounts, but outside of them it's not a likely scenario.
- 26,179
Do you have the ability to run a quote? Say a 50 year old NonT female 20 yr @ $50,000.
- 6,027
This might work:
Betterment | Rethink What Your Money Can Do
Read the Motley:
How to Invest $20, $100, and $1,000 (and More)
Betterment | Rethink What Your Money Can Do
Read the Motley:
How to Invest $20, $100, and $1,000 (and More)
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