Northwestern Mutual and Knights of Columbus Add Whole Life Policies

[Northeast Agent]

Northwestern Mutual and Knights of Columbus Add Whole Life Policies | ThinkAdvisor

Northwestern Mutual's Whole Life Plus policy offers a number of customization features, such as a blended term feature, which can increase coverage early on, and an accelerated care benefit, which can help pay for long-term care.

The policy also offers a waiver-of-premium feature for policyholders who become totally disabled.

The policies are designed to pay dividends.

Northwestern Mutual says it will also be adding new universal life products this fall.

The new Knights of Columbus whole life policies are also designed to pay dividends.

The minimum payment period for the Limited Pay Whole Life policy is five years and can last till the insured has reached age 100. The policyholder can use any dividends earned to buy additional paid-up insurance.

After the payment period is complete, the policy is guaranteed to be paid up, with no further payments required.

The single-premium version of the product is similar but is designed for a purchaser who will make just one premium payment.

 

[HealthGuy]

Exciting! NWML is always cutting edge lol

 

[WinoBlues]

Sounds great.

I'd like to see the illusions. Specifically the guarantees.

 

[goillini52]

Sounds great.

I'd like to see the illusions. Specifically the guarantees.

 

[Life Hawk]

Sounds great.

I'd like to see the illusions. Specifically the guarantees.

That's funny!

Let's see take the common delusional client and present an illusion... that makes for a great sale, good commission and a train wreck.

 

[goillini52]

That's funny!

Let's see take the common delusional client and present an illusion... that makes for a great sale, good commission and a train wreck.

 

[WinoBlues]

Ha. Sorry.
Feeling a little jaded this week. Sorry, got to try to find some coverage for couple that have imploding ULs that were 'supposed' to be paid up at 65. In the last few months had similar deals with 'Guaranteed' Whole Life. 1 was a JNL interest sensitive that sure got sensitive, the other was a Graded Whole Life where the dividends were supposed to be paying the premium by now. 'Vanished' if you will.

That NWL could be a nice product.

However, I was around during the UL and VUL days.
Don't worry Mrs Jones, that guaranteed column is just worst-case. For that to happen the company would have to lower interest rates to 5%, hahaha, we are paying 11% now. - And- raise internal cost of the _Max_!..... It has never happened in the past.
























Stanley Kubrick Keir Can Get It GIF by Maudit - Find & Share on GIPHY

 

[PA Bill]

Ha. Sorry.
Feeling a little jaded this week. Sorry, got to try to find some coverage for couple that have imploding ULs that were 'supposed' to be paid up at 65. In the last few months had similar deals with 'Guaranteed' Whole Life. 1 was a JNL interest sensitive that sure got sensitive, the other was a Graded Whole Life where the dividends were supposed to be paying the premium by now. 'Vanished' if you will.

That NWL could be a nice product.

However, I was around during the UL and VUL days.
Don't worry Mrs Jones, that guaranteed column is just worst-case. For that to happen the company would have to lower interest rates to 5%, hahaha, we are paying 11% now. - And- raise internal cost of the _Max_!..... It has never happened in the past.

I like those blended policies too. A low cost permanent plan with the dividends gradually converting the term over time. All happening inside a nice little tax shelter.






















Stanley Kubrick Keir Can Get It GIF by Maudit - Find & Share on GIPHY