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I'm blushing at your flattery, but, thank you.
You're a gentleman and a scholar. Wish you well in your career, and many blessings to your business and your clients!
This is defiantly is not the FE forum...
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I'm blushing at your flattery, but, thank you.
You're a gentleman and a scholar. Wish you well in your career, and many blessings to your business and your clients!
You're a gentleman and a scholar
This is defiantly is not the FE forum...
This is defiantly is not the FE forum...
GUL is vastly different than current assumption UL, VUL, or IUL.And just as defiantly, I continue to grow more and more skeptical of the UL family of products with each passing day.
Universal Life Insurance
It's still a funding issue, rather than a product issue.
GUL is vastly different than current assumption UL, VUL, or IUL.
I know that you know this but for anyone else reading...
It's still a funding issue, rather than a product issue.
If the insurance company won’t guarantee the cost of insurance through maturity, how is that a funding issue?
Let's assume that you are a 35 year old, male, non-smoking, standard insurance risk and you want to put $10,000 per year into a life insurance policy.
- If you fund a minimum-funded, maximum-death benefit, the amount of level death benefit you could secure for $10,000 per year would be about $1,404,761. There's a lot of insurance costs built in to a $1.4 million dollar policy.
- If you fund a maximum-funded, minimum-death benefit, the amount of level death benefit you could secure for $10,000 per year would be about $874,071. Now, between these two policies, which one would build cash value faster? It's the one with the smaller death benefit.
then all we have to do is close the gap so there's more cash values earning a return than net amount at risk having an increasing cost that eats up all the cash values.