Term Whole of Life

Jan 28, 2019

  1. WinoBlues
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    WinoBlues Guru

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    I have in the past. I do not have time to pull them up at the moment. But may later.

    a Couple of ways would be >>>
    I also agree with you that they can be a great product. Also short pays make them even better in the correct application.
     
  2. Life Hawk
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    Life Hawk Guru

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    Have you ever had a company go into receivership on you? I have.
     
  3. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    I doubt it was product design... but usually from taking on inappropriate risks in the general investment account.
     
    DHK, Jan 28, 2019
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  4. Newby
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    Guaranteed Universal Life or No Lapse Guaranteed Universal Life.
     
    Newby, Jan 28, 2019
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  5. Robert Barney
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    Which company was that, and why do you imagine they ran into financial difficulties?

    I used the example of First Colony/Genworth, which got into is much trouble as I imagine any company can (going from A++ to B-) but that was the result of going heavy into the Long Term Care market which was a sucker game for life insurance companies. I'm getting ready to buy a Medicare supplement in the next month or two (yep, hitting 65) and I will not consider any health insurance company that is in Long Term Care. Health Insurance is a big enough mess, but Long Term Care is a bottomless pit.

    By contrast, life insurance products are a product that is virtually goof proof. Anyone disagree?
     
  6. Life Hawk
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    A little company known as Shenandoah Life... good company... poor bean counters.
     
  7. Robert Barney
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    Actuaries?

    According to this article:

    Shenandoah Life Insurance Co. is rebuilding its foundation

    it says:

    More than five years after devastating investment losses during the recession, the company hasn’t resumed normal operations.​

    That doesn't sound like someone not counting the beans properly, it sounds like someone was making bad investments with the money in hand.

    Perhaps you can set me straight.
     
  8. Life Hawk
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    Life Hawk Guru

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    All of that falls under "bean counting" by my definition...
     
  9. Robert Barney
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    So you are suggesting that the actuaries who price products are the same people in charge of investing the life insurance company's reserves?
     
    Last edited: Jan 29, 2019
  10. MosesNewmanNAAIP
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    I am learning so much from this forum. btw, N.A.A.I.P. wishes all agents the best in using our free quote engines for life insurance agents.
     
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