by Guest » Tue Sep 17, 2013 09:17 am
I have a record of my older UL and VUL contracts that I sold more than 10 years ago. Most of the contracts are worn out because of lower interest rates or miserable market conditions.
Presently I’m offering Ohio National Life's VPRO Univ life. But is anyone here had any better alternative to offer my clients? I’d really appreciate any input or advice.
P.S: Most of these policies would involve a 1035 exchange.
Presently I’m offering Ohio National Life's VPRO Univ life. But is anyone here had any better alternative to offer my clients? I’d really appreciate any input or advice.
P.S: Most of these policies would involve a 1035 exchange.
Posted: Wed Sep 18, 2013 09:54 am Post Subject:
No one here can answer your question. We don't know anything about your clients, and it seems to me you must think interest rates are the most important thing about life insurance, which is not correct.
When UL is concerned, interest rates are important, but establishing the proper premium is far more critical. High interest rates in a UL illustration are NOT in a client's best interest.
Posted: Mon Dec 16, 2013 07:41 pm Post Subject:
Have you tried looking into an indexed U. L product and possibly a guaranteed one. If you go in with North American and show the client the living benefits available you could probably save face and give the client a good reason to transfer other than just increasing premiums to keep the plan they have.
Add your comment