UL Option A Vs Option B

[wfs]

I've always been prone to Option B, because I believe in face amt + cash value. We all know Opt A builds CV faster. So, it is my belief that Opt A is great until retirement age, then change to Opt A to help increase CV and cash flow. What are your thoughts on this??

 

[Franz Kafka]

I've always been prone to Option B, because I believe in face amt + cash value. We all know Opt A builds CV faster. So, it is my belief that Opt A is great until retirement age, then change to Opt A to help increase CV and cash flow. What are your thoughts on this??

Option A = "Let's hope it doesn't lapse before you die".
Option B = "Let's make sure it lapses before you die".

JMO

 

[Third Joker]

Option A = "Let's hope it doesn't lapse before you die".
Option B = "Let's make sure it lapses before you die".

JMO

I love it.

 

[insuranceexec]

I have found that you can switch from increasing to level in the first 5 years or so to maximize the death benefit. Life insurance should not be used or considered an investment unless it is a VUL or a good participating WL. There are too many variables with UL's, unless there is a new product I am not aware of. Even with Accumulator products you will not find a HIGH ROR.

There are some obvious advantages to having excess money in your life policies CV. Give me a case and I can work the numbers for you. I hope this helps........

 

[xosephchu]

I am always of the view that Option A is suitable for prospects who want higher protection in early years and more cash value for retirement in later years.

Option B is for prospect who want lifetime protection. There is however some risk factor where the cost of insurance may erode the cash value in later years if the policyholders decide not to continue with premium payment.