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2% is about the norm, I've been selling lot lately but you can't build a longer term business on 2% .Anyone have 4-5% renewals?
I'm assuming protective advantage ul has little guarantees as there custom ul is there Gul I believe.I just wrote my first case with North American and zit says something on a 2 yr target. North American has the cheapest Gul out there.even the whole live policy outside regional director shops like Lafayette life have horrid renewals.In the old days most whole life policies paid 5-7% renewals.
2-3% renewals is the norm for UL/GUL/IUL for the past 25 years....
What I have found is that the companies offering higher renewals were products I would never buy myself....
Also, The companies that did offer higher than 2% are now longer around.... Merged/Purchased etc.
The problem with GUL similar to writing 30 term. You lock yourself out long term. The renewal is in additional coverage, cross sales and referral.
That said take a look at Protective's Advantage GUL. While not a renewal it has a two year rolling target. Depending on the age and rating You can make 50% plus more per deal.
Hello WinoBlues.
Does it need to meet minimum guaranteed age 81 ? Please advice . I don't have contract with Protective yet, but I've played GUL quotes with different companies. They requires to meet minimum guaranteed age 81 .
Ps: I've also heard that Protective pays very low % commission on GUL . Is that true ?
Thanks
What perm life products have the best renewals? WL?