Ok experts, what say u? I lurked here yesterday for only 20 minutes but i can see that there sre some like minded agents here. Heres my issue.
A client has a VUL he bought 11 yrs ago. He has 4 of them but lets talk about 1. Premiums r 11k/yr & theres a 1mil death benefit. Hes 55 standard tobacco now and there r no loans. The prob is the policy is only projectd to last 12 yrs at current expenses and 6%.....which tells me itll b over in 9. I couldnt find him a suitable replacement for near the same premium so i am about to suggest him having it reprojected w a 500k db and the same premiums....wdyt? I have a love hate w VUL'S. I love to find them as there is a valid replacelent oppty many times.
Appreciate any ideas.....
A client has a VUL he bought 11 yrs ago. He has 4 of them but lets talk about 1. Premiums r 11k/yr & theres a 1mil death benefit. Hes 55 standard tobacco now and there r no loans. The prob is the policy is only projectd to last 12 yrs at current expenses and 6%.....which tells me itll b over in 9. I couldnt find him a suitable replacement for near the same premium so i am about to suggest him having it reprojected w a 500k db and the same premiums....wdyt? I have a love hate w VUL'S. I love to find them as there is a valid replacelent oppty many times.
Appreciate any ideas.....