Originally Posted by Scotty1980
Anyone know the answer to this. I know the underwriting is more strict but I have a few customers over the last few months who are just looking for me to beat their rate. And I cannot do it with FE or even fully underwritten whole life.
Do you understand that a UL will lapse at some point of they pay the minimum or even if they pay the target.
What you would want to find is a Gul to age 100, 105 or 121. Then it may be cheaper than your wl but probably not by much on a,10k policy.
If they have an old policy that your trying to beat you would be better off 1035 to single premium and then write a fully underwriting policy.
This really isn't a sensible situation over a 10k policy.