"Ideal" VUL

[INS42]

No one said they are guaranteed to be paid. But once paid and used to purchase PUA, they generate guaranteed cash value.

If you doubt it, get an inforce illustration and compare it against the original after dividends have been paid out. Now the guaranteed cash value is higher than on the original illustration. Also, they are now subject to the guaranteed interest and are also eligible to earn their own dividends.

I'm not sure where I "said" or "doubted" anything. Once again, the 2001 CSO Table requires that the internal interest rate on all whole life products has to guarantee at least 4%? That was a question. Seeking confirmation.

 

[VolAgent]

You were pretty good until the last point. Dividends are never guaranteed. The only guarantee is the internal interest rate (4% on all policies issued under the 2001 Commissioners Standard Ordinary Mortality Table--aka CSO) paid-up addition cash value is included.

I direct your attention to the bold. No one said that dividends are guaranteed.

Also, the 4% is for internal calculations. Not necessarily a guarantee to the purchaser. There are some that are higher and some lower.

 

[INS42]

I direct your attention to the bold. No one said that dividends are guaranteed.

Also, the 4% is for internal calculations. Not necessarily a guarantee to the purchaser. There are some that are higher and some lower.

So far I have learned nothing from you, but thank you for repeating the obvious.

 

[VolAgent]

So far I have learned nothing from you, but thank you for repeating the obvious.

It sounds like you should demand an apology from your teachers for failing to teach you on how to learn.

 

[INS42]

It sounds like you should demand an apology from your teachers for failing to teach you on how to learn.

You continue to assume and to put words in my mouth. Perhaps clarification from the person who actually wrote the original post would be more appropriate, not from somebody who decides chimes in only so their voice can be heard. I think I've heard enough from you, almighty teacher.

 

[scagnt83]

I'm not sure where I "said" or "doubted" anything. Once again, the 2001 CSO Table requires that the internal interest rate on all whole life products has to guarantee at least 4%? That was a question. Seeking confirmation.

IDK if this is true or not.
But.
Even if this is true; it does not mean that all WL policies will have the same guaranteed performance.

 

[INS42]

IDK if this is true or not.
But.
Even if this is true; it does not mean that all WL policies will have the same guaranteed performance.

True. Performance will also depend on mortality, expenses, and investment experience which will vary among carriers. Thank you for this.

 

[scagnt83]

New York Life (crappy dividend, and weird blending, even their more intelligent agents tend to admit their whole life needs an upgrade)
.

Their Custom WL is a decent product. Its automatically overfunded with a decreasing term blend. You can choose to have it contractually paid up from 5-30 years. It offers a slightly higher dividend also.

NYL agents hate it because the comp is less.

 

[BNTRS]

Their Custom WL is a decent product. Its automatically overfunded with a decreasing term blend. You can choose to have it contractually paid up from 5-30 years. It offers a slightly higher dividend also.

NYL agents hate it because the comp is less.

No argument that it is their "better" whole life. But I think you and I would agree that there are better options on the table.

 

[scagnt83]

No argument that it is their "better" whole life. But I think you and I would agree that there are better options on the table.

I would opt for ONs Max WL over the CWL if it could fit the situation.


But dont discount the CWL. Its a different animal than their regular WL. If I remember correctly the dividend was around 50bps higher than the reg WL dividend. Loans are tied to moodys corp bond index, so its not just arbitrarily up to the company.


And historically NYLs dividend has been competitive with all the top mutuals. Guardian and MM probably have the highest dividend history.

But NYLs regular WL isnt the strongest.