- Thread starter
- #21
Devin01
Guru
- 430
client has no issues takes no RXs and is very clean
Single Premium Whole Life Carrier in New York State ????
- Thread starter Devin01
- Start date
- Thread starter
- #22
Devin01
Guru
- 430
client is turning 65 next month
Since William Penn's street level is around 70%, what in the heck do they pay on a SPWL? Something like 4%? LOL
Lloyds of Lubbock
Guru
- 714
Guardian has a prepay account that can pay 10 years into a ten pay and you are paid up.
You cannot 1035x into a prepay.
If the clients basis is greater than cash value, you can terminate the policy and use the proceeds as a deposit.
I a curious, what do you expect to get out of this transaction, if the policy is already paid up are you adding a rider such as LTC?
You cannot 1035x into a prepay.
If the clients basis is greater than cash value, you can terminate the policy and use the proceeds as a deposit.
I a curious, what do you expect to get out of this transaction, if the policy is already paid up are you adding a rider such as LTC?
- Thread starter
- #25
Devin01
Guru
- 430
It is my understanding that a SPWL contract will increase the DB of a paid up policy or one time dump in. And enable acceleration of benfits if terminal or chronic. At least in NJ where I write RNA SPWL that's the way it works
Lloyds of Lubbock
Guru
- 714
A paid up policy is a function of the net single premium times the guaranteed cash value.
I can't see a new policy that much more of a favorable nsp.
You may want to look at moneyguard from lincoln
I can't see a new policy that much more of a favorable nsp.
You may want to look at moneyguard from lincoln
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