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The question got cut off. It should read,
"Can you point me, right now, to a "no load" term life insurance policy that will (by virtue of paying no commissions) result in cost-savings for the buyer?"
So, have any of you ever spotted this mythical creature?
I know the no-load policy exists in permanent insurance and does help consumers (on early liquidity, especially). I have even helped place a handful of these contracts.
This is not about permanent policies. This is about TERM POLICIES, ONLY!
But for term life insurance, I've never found a no-load policy that resulted in any savings for the client. In fact, companies like TIAA-CREF and USAA (that pat themselves on the back for not paying commissions) are invariably 10-25% more expensive than the most competive, full-rip term policies (from highly rated carriers) out there.
Still, I see this mythical beast referenced from time to time in articles, blogs, comments, and posts on consumer blogs. When I ask for details, there are never any meaningful replies, or incorrect ones . . . which probably tells the story.
Nevertheless, if you've spotted this Unicorn, please let me know and tell me where I might find it. I have written one article on this already and I'm working on a presentation right now related to it. I want to be sure I'm not missing something.
Thanks for your help.
"Can you point me, right now, to a "no load" term life insurance policy that will (by virtue of paying no commissions) result in cost-savings for the buyer?"
So, have any of you ever spotted this mythical creature?
I know the no-load policy exists in permanent insurance and does help consumers (on early liquidity, especially). I have even helped place a handful of these contracts.
This is not about permanent policies. This is about TERM POLICIES, ONLY!
But for term life insurance, I've never found a no-load policy that resulted in any savings for the client. In fact, companies like TIAA-CREF and USAA (that pat themselves on the back for not paying commissions) are invariably 10-25% more expensive than the most competive, full-rip term policies (from highly rated carriers) out there.
Still, I see this mythical beast referenced from time to time in articles, blogs, comments, and posts on consumer blogs. When I ask for details, there are never any meaningful replies, or incorrect ones . . . which probably tells the story.
Nevertheless, if you've spotted this Unicorn, please let me know and tell me where I might find it. I have written one article on this already and I'm working on a presentation right now related to it. I want to be sure I'm not missing something.
Thanks for your help.
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