Lowest Whole Premium

[shooter]

Just curious what the lowest WL premium would be
for a 45 n/s standard on 100,000.

I can find GUL premiums thru Comulife.
Penn Mutual $88
Columbus $101
Cinn Life $109

I know WL will be more.
How much more?
Which company has the lowest WL premiums in general.
Not considering dividends, etc.
Just moth premium.

Thanks
Shooter

 

[DHK]

Because WL must mature (cash values = death benefit) at age 121, we can simply work backwards:

Future Value (FV): $100,000
Present value (PV): $0 (starting from zero; no 1035, etc.)
Number of years (n) (121 - current age): 76
Interest rate assumption (i): we can use a safe guaranteed rate of 3.5%.

Solve for Payment (pmt): $276.45 per YEAR. Divide by 12 = $23.04 per month... before costs of insurance.

Some policies don't have premiums to age 121, but 95 or 100, so you can adjust the number of years accordingly.

Just look for a whole life insurance company with "paid to 121" policies. The rest is costs of insurance and medical underwriting.

 

[Allen Trent]

$124 month for standard non tobacco 45 year old female for $100k WL protection focus with no PUAR payments

 

[Lloyds of Lubbock]

all base l121 from Guardian
male 1840 annual 157.93 monthly
Fem 1689 annual 144.97 monthly

 

[jdeasy]

Just curious what the lowest WL premium would be
for a 45 n/s standard on 100,000.

I can find GUL premiums thru Comulife.
Penn Mutual $88
Columbus $101
Cinn Life $109

I know WL will be more.
How much more?
Which company has the lowest WL premiums in general.
Not considering dividends, etc.
Just moth premium.

Thanks
Shooter

KSKJ Life is $133/mo standard. $121/mo preferred. You might beat that? But not much.

 

[Tahoe Ray]

Nationwide WL 100

45yo female pf NT 112.96/mo standard NT 121.45.
45 yo male pf NT 125.91/mo standard NT 140.61.

So based on all of the answers, maybe 20-40% more?

 

[scagnt83]

$144 with Ameritas Value+ WL (male)

 

[scagnt83]

I would note that not all of these WL products are similar.

The Guardian policy will probably have the highest CV and DB after 30 years.

 

[jdeasy]

I would note that not all of these WL products are similar.

The Guardian policy will probably have the highest CV and DB after 30 years.

Right. But he just asked price.

 

[scagnt83]

Right. But he just asked price.

Yes, but you have to take into account price compared to DB.

Guardian is not just a $100k DB, in 30 years it will be a $150k DB or more. Which is extremely relevant when making this purchase.

My point is that its not an apples to apples comparison.