AIG

[Franz Kafka]

The continUL extend and certain others, depending on your state, are guaranteed to age 100 and beyond, these are on the life brokerage side of the biz.

AGLA's ULs do not have the no lapse guarantee feature, or didn't, if that's what you're referring to, but most of their agents are captive, but they do offer a special agent contract for non captives.

Regardless who wrote the policy if you have NLG UL it will do just that - never lapse as long as prem is paid. If, on the other hand, you have traditional UL all you have is a guaranteed cap on minimum interest and maximum COI under which circumstance your policy will lapse if you live too long.

 

[retread]

Re: AIG looks like it heading for BK if they can't raise 75 Billion

I'm sorry to have been carried away with my political rant in the previous post, but let me make this point about the AIG issue: The backdrop of all this Wall Street mess can be laid at the doorstep of our fiscal and monetary policies.

Fiscal policy: Borrowing against the future with unfunded liabilities to please voters. Not enough guts to say 'no' to spending.

Monetary policy: The Fractional Reserve System is a sham. A number of years ago, it was illegal... another ruse of embezzlement. It lends itself to exactly what happened on Wall Street: Banking and Insurance conglomerates overextending themselves financially. This sets a poor role model for the rest of the nation's citizens, to say the least.

I could carry this rant on for pages.... but I won't!

 

[dgoldenz]

Regardless who wrote the policy if you have NLG UL it will do just that - never lapse as long as prem is paid. If, on the other hand, you have traditional UL all you have is a guaranteed cap on minimum interest and maximum COI under which circumstance your policy will lapse if you live too long.

I know the newer UL products have secondary guarantees on the death benefit, but I think most of our clients wouldn't be too happy if their cash value evaporated. For the ones in good health it is easy enough to do a 1035 exchange on a new UL product so they can pay less than they are now with a company who is more financially stable.

Anyone seen the AIG private placement policies? I bet there's a lot of unhappy millionaires out there right now.

 

[STIBROKER]

Man being locked out of this site sucks....haveing to use a ip changing program just to post and it takes time to load the pages......soooooo who else bought AIG stock....on wed morning bought 300 shares at 2.10....kicking myself for not getting it at 1.75 the day before.....here is what it is at now......

 

[somarco]

Scott if you are having trouble posting, I have some connections that might be willing to lift the ban . . .

 

[joshril]

Man being locked out of this site sucks....haveing to use a ip changing program just to post and it takes time to load the pages......soooooo who else bought AIG stock....on wed morning bought 300 shares at 2.10....kicking myself for not getting it at 1.75 the day before.....here is what it is at now......

That's a winner! This stock will continue to climb...

 

[joshril]

If this climbs back to $70/share... you will be a happy man...

 

[STIBROKER]

Scott if you are having trouble posting, I have some connections that might be willing to lift the ban . . .

val and sam are working on it funny boy......so how many shares did you buy.....I can see this getting back to at least 20 to 30 a share...

 

[somarco]

FYI, I sold my WAMU stock to buy AIG. As soon as the trade is confirmed . . . .

Or, I may spread it around. I figure Chrysler is going to be a hot buy.

 

[STIBROKER]

FYI, I sold my WAMU stock to buy AIG. As soon as the trade is confirmed . . . .

Or, I may spread it around. I figure Chrysler is going to be a hot buy.

see it cost you guys money if I am locked out and can not post....at the close of the first day I was down by about 20 bucks and also kicking myself today for not buying more....I had enough marg. to pick up 2000.......