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Foresters Advantage plus 20-pay will build lifetime dividends, they win.
As will KSKJ's. And much better deal for the clients.
RNA's is participating also but they say no dividends are expected.
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Foresters Advantage plus 20-pay will build lifetime dividends, they win.
There 20 pay is PAR WL, its 20-pay or PU at 100.
As will KSKJ's. And much better deal for the clients.
Well, I will rephrase.. Have you compared writing the PU100 at a larger face amount for the same premium and seeing how it compares in paid up amount available in 20years?
Ok I'm fairly new and I've been doing some thinking on what's best for the lower income people that I run into that need life insurance. So as of lately instead of selling my clients that are pretty young and healthy but are pretty broke term policies ,I've been writing settlers life 10 or 20 pays ballpark monthly is about 38-44$ per month for 20-25k in coverage. Here is my logic and tell me if I'm looking at it wrong . A lot of the lower income people I meet are not financially savvy enough to do the whole buy term and invest the difference strategy, nor can they see themselves being financially better off then their current situation 10-20 years from now. So just going off the data I've found and I don't know how accurate it is less than 2% of term polices payout and less then 10% stay inforce for the whole term. So I figured if that's the case wouldn't writting them a 10-20 pay make more sense for them financially since they are already strapped for cash ? I mean eventually they'll have to convert the term into whole life which will increase their rates and they'll also continue to pay for it until they die ,so wouldn't it be better to just pay 5760 for 20k in coverage and be done with it ? Your thoughts
Wow this might have been the most informative and well thought out thread of the week. All while not burning into flames before page three. Bravo guys bravo!!!
Wow this might have been the most informative and well thought out thread of the week. All while not burning into flames before page three. Bravo guys bravo!!!
You can sell them Guaranteed Renewable Term. You can also sell a Guaranteed Universal Life Policy.Ok I'm fairly new and I've been doing some thinking on what's best for the lower income people that I run into that need life insurance. So as of lately instead of selling my clients that are pretty young and healthy but are pretty broke term policies ,I've been writing settlers life 10 or 20 pays ballpark monthly is about 38-44$ per month for 20-25k in coverage. Here is my logic and tell me if I'm looking at it wrong . A lot of the lower income people I meet are not financially savvy enough to do the whole buy term and invest the difference strategy, nor can they see themselves being financially better off then their current situation 10-20 years from now. So just going off the data I've found and I don't know how accurate it is less than 2% of term polices payout and less then 10% stay inforce for the whole term. So I figured if that's the case wouldn't writting them a 10-20 pay make more sense for them financially since they are already strapped for cash ? I mean eventually they'll have to convert the term into whole life which will increase their rates and they'll also continue to pay for it until they die ,so wouldn't it be better to just pay 5760 for 20k in coverage and be done with it ? Your thoughts
You can sell them Guaranteed Renewable Term. You can also sell a Guaranteed Universal Life Policy.