Universal Life Insurance NOT Cheap Whole Life

[BNTRS]

ProducersWeb - Life - Universal life insurance is not the cheap alternative to whole life insurance

This is a topic that has annoyed me for a while. I'm interested in other people's take.

 

[scagnt83]

ProducersWeb - Life - Universal life insurance is not the cheap alternative to whole life insurance

This is a topic that has annoyed me for a while. I'm interested in other people's take.

I never thought the day would come that you would write something like that about UL...

 

[BNTRS]

I never thought the day would come that you would write something like that about UL...

Hahahah!

I've been somewhat confused lately about my ending up defending UL around here. The pendulum swings both ways.

 

[Justin Bilyj]

In what situations do you find UL a better fit than WL?

 

[Brokers Alliance]

Interesting, as the shadow account fiasco continues to rock the deficient reserves of secondary guarantees, two painful truths emerge. 1) As Brandon said, the whole life pricing may have been right all along. 2) And I can hardly make myself say it, but the NY actuaries were right on the reserve requirements from get go.

 

[Justin Bilyj]

Thank god our insurance system isn't set up like our banking system. I forget the reserve ratio (less than 10%), what a house of cards to build an economy on.