Ozark National

[NMFNMDRT]

I have run accross quite a few Ozark National Life policies. The policies are somewhat confusing to me, and none of the policy holders know exactly why they bought it. From what I've gathered it is a life insurance contract with a Pioneer Mutual fund attached to it. They sell it as the "Balanced Fund," but there is no money accumulated in the investment portion in the first year, and nothing in the life insurance cash value in the first 3 years. The life insurance is decreasing over the years while the investment fund is hopefully increasing.

It seems like it's a very high commission product. I've talked to a few gray hairs in the office about them. They don't replace a lot of existing policies, but they say that these policies are not in the clients best interest in most cases. Does anyone here have any info. on them?

 

[BNTRS]

I have run accross quite a few Ozark National Life policies. The policies are somewhat confusing to me, and none of the policy holders know exactly why they bought it. From what I've gathered it is a life insurance contract with a Pioneer Mutual fund attached to it. They sell it as the "Balanced Fund," but there is no money accumulated in the investment portion in the first year, and nothing in the life insurance cash value in the first 3 years. The life insurance is decreasing over the years while the investment fund is hopefully increasing.

It seems like it's a very high commission product. I've talked to a few gray hairs in the office about them. They don't replace a lot of existing policies, but they say that these policies are not in the clients best interest in most cases. Does anyone here have any info. on them?

An NML agent that doesn' replace a lot of policies? That's like a Primerica agent that doesn' sell term insurance.


...sorry...couldn't resist.

Do you have a surrender charge schedule? They are a strange company, haven't been around all that long. Treat variable life insurance like it's the second coming.

 

[sainsurance]

It seems like it's a very high commission product. I've talked to a few gray hairs in the office about them. They don't replace a lot of existing policies, but they say that these policies are not in the clients best interest in most cases. Does anyone here have any info. on them?

So do you asked why most of clients are not interested? and Is there any other options to transfer this?