flinsuranceguy
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- 9
Are whole life policies dead? Who here still sells them and why?
Are whole life policies dead?
- Thread starter flinsuranceguy
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- whole life
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- 596
no.....guarantees that can't be matched
- 15,319
Yes and no...
Rick
Rick
- 11,280
Maybe, kind of.
American General has a UL with a guaranteed death benefit that is cheaper than our WL.
- 17,059
Why would youconsider whole-life dead? What changed?
- 2,152
Are you saying that the guarantee of the UL is equal or same to that of the WL?
- 3,863
I recently saw a TERM TO 100 policy - which made me wonder what role this would impact WHOLE LIFE other than of course the cash value aspect. I guess the theory is no one keeps this policies to death anyhow, so you could do TERM to 500, and the lapse rate would be so high it wouldn't matter.
I guess my problem with Whole is it is expensive and in the early years it is a really not a good deal. You don't even tip the scale until WAY later, I just see better options other than letting the insurance company "invest" your money after fees, etc., etc.,
Of course the "whole" aspect and refund at age 100, is another story... I know some agents that mix small whole with large term, not sure if that is to get two sales or if that is a viable strategy.
I guess my problem with Whole is it is expensive and in the early years it is a really not a good deal. You don't even tip the scale until WAY later, I just see better options other than letting the insurance company "invest" your money after fees, etc., etc.,
Of course the "whole" aspect and refund at age 100, is another story... I know some agents that mix small whole with large term, not sure if that is to get two sales or if that is a viable strategy.
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