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Some here have a problem with W/L or the U/L insurance and it all boils down to need and why, why W/L or Permanent Insurance?
Now we now have the obvious, DB, CV, Access to C/V but we have the access to DB as a living benefit. Such as the LTC needs, if you don't want to buy Term, Savings Account and a LTC Policy one can easily buy W/L with the LTC option. You have Asset Care by Golden Rule but other carriers such as John Hancock and others are entering in with the W/L Ryder. Meaning once the LTC is triggered you can access your DB of 1-3% of DB payable depending upon your choice, common LTC benefit period is 3 or 5 years on these Ryders.
So you can buy Term, place money in a safe account and purchase a LTCi policy or you can just buy W/L! Plus you have the CI Ryder along with the WP one can place within these contracts making it a partial secondary DI policy with a plan of continuence if disaster strikes.
I'm at a lost to find another financial tool that do so much as the W/L Policy can do. Can I go out and buy a LTC policy that can fill in as a Life Insurance Policy? No. Can I invest in a MF and expect if something happens to me in 5 years that my LTC or any continuious fulfillment of that account be available? No. In other words, there is nothing to compare to the W/L Policy!
Now we now have the obvious, DB, CV, Access to C/V but we have the access to DB as a living benefit. Such as the LTC needs, if you don't want to buy Term, Savings Account and a LTC Policy one can easily buy W/L with the LTC option. You have Asset Care by Golden Rule but other carriers such as John Hancock and others are entering in with the W/L Ryder. Meaning once the LTC is triggered you can access your DB of 1-3% of DB payable depending upon your choice, common LTC benefit period is 3 or 5 years on these Ryders.
So you can buy Term, place money in a safe account and purchase a LTCi policy or you can just buy W/L! Plus you have the CI Ryder along with the WP one can place within these contracts making it a partial secondary DI policy with a plan of continuence if disaster strikes.
I'm at a lost to find another financial tool that do so much as the W/L Policy can do. Can I go out and buy a LTC policy that can fill in as a Life Insurance Policy? No. Can I invest in a MF and expect if something happens to me in 5 years that my LTC or any continuious fulfillment of that account be available? No. In other words, there is nothing to compare to the W/L Policy!