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I have a client who just got her return of premium check and wants to buy 5k single premium policies with her kids as beneficiaries, She is a 75 year old none smoker and doesn't take any meds. What companies out there have the best bump for her? Thanks
The Sagicor illustration I have is for UL. I have tried twice and I am totally incapable of understanding it so I did not consider it. That old thread I linked suggests Sagicor may also have a non-UL option. I did not see an illustration for anything like that so I can't comment on it.
The one item of note for most of the SPIULs is that they have a guaranteed, built-in ROP so the client can walk at any time with their initial deposit.No, Sagicor's SP is an ISPUL (Indexed Single Premium Universal Life).
No, Sagicor's SP is an ISPUL (Indexed Single Premium Universal Life).
Baltimore Life's is exactly the same as RNA's, but RNA pays way better to the agent. RNA probably pays better to the agent than just about any company that I'm aware of. Not that you would sell it because of the higher commission, but if you are going to use Baltimore, then why not go RNA and get paid better, right?
And RNA now has a $7K face minimum instead of the $10K premium minimum they used to have.
But bang for the client’s buck will be KSKJ if available in that state.
And no one pays the agent like RNA on SP but KSKJ pays better than most.
(Caveat, not an agent.)
Is KSKJ available in MN? OP's profile suggests that may be the state.
A takeaway I get from your post--an option op might be able to propose is getting an RNA policy for $7K face for funeral home and putting balance in a KSKJ policy with both kids as co-beneficiaries?
Do you see a lot of instances of conflict between kids when a parent does one policy split equally between however many there are?