What company has a good index UL

[thewold]

Check out North American Life Insurance Co., there's is pretty good. I like AIG's as well.

 

[lifeinsuranceguy]

Indy Life is the Market Leader in Indexed UL's; they have the best loan provisions out there. If you are licensed with them you can get a bunch of AVIVA vs. The Competition pieces where it compares AVIVA to Allianz, AIG, Midland and much more side by side.

Allianz also has good Indexed UL's; currently they have the Blended Index option which has a 215% participation rate.

 

[Mr. Bill]

From Phillip Roy Financial Consultants specific to Aviva:

If you are truly interested in taking care of your clients, why sell them a product that may seriously reduce their gains by lowering caps and increasing spreads after the first year?
And has huge surrender penalties...

 

[BiggitySwat]

From Phillip Roy Financial Consultants specific to Aviva:

If you are truly interested in taking care of your clients, why sell them a product that may seriously reduce their gains by lowering caps and increasing spreads after the first year?
And has huge surrender penalties...

Can I see proof of this? I have the AVIVA product guide with me and didn't see anything about the caps and spreads changing after the first year (though EVERY company reserves that right).

 

[Mr. Bill]

Why don't you call Phillip Roy Financial and report back to us all. I just cut/paste from an email.

 

[BiggitySwat]

Well I've never heard of them, nor have I ever heard of that assertion about the Aviva UL products, so I was just curious where you got that information from.

 

[bluemarlin08]

Call AVIVA and ask for a history of renewal caps, participation rates. Personally, I don't like these products for the very reason that the moving parts can change values and the insurance company has no incentive to keep these parts competitive.

 

[Mr. Bill]

Well I've never heard of them, nor have I ever heard of that assertion about the Aviva UL products, so I was just curious where you got that information from.

Twice I've stated they sent it in an email to me. Here you go:

Phillip Roy Financial Services

 

[77CH]

Not much on that link.

 

[pinky the brain]

All companies reserve the right to change the crediting rates, spreads, etc. Clients understand this.

The reason I don't sell life insurance for cash value is because the ones I'm aware of also can change the internal costs without notification. That's sketchy. I've seen many policies from well-respected companies that are not performing up to expectations anymore because of internal costs rather than crediting rates.

Asking for an "affordable" IUL sounds like they should have a Roth instead, IMHO.