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Reply to Who Does No Lapse Universal Life Down to 10,000?     
Old 07-31-2015, 05:39 PM   #1
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Who Does No Lapse Universal Life Down to 10,000? Who Does No Lapse Universal Life Down to 10,000?
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.
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Old 07-31-2015, 07:21 PM   #2
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Who Does No Lapse Universal Life Down to 10,000?
Originally Posted by Scotty1980 View Post
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.
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Old 07-31-2015, 07:28 PM   #3
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Gooner on Who Does No Lapse Universal Life Down to 10,000?
 
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Who Does No Lapse Universal Life Down to 10,000?
Originally Posted by indiana260 View Post
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.
Just a heads up..a No Lapse UL is the same thing as a GUL. Marketing terminology in most cases. I think Sagicors is actually called a NLUL.
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Old 08-01-2015, 11:59 AM   #4
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Who Does No Lapse Universal Life Down to 10,000?
Originally Posted by Gooner View Post

Just a heads up..a No Lapse UL is the same thing as a GUL. Marketing terminology in most cases. I think Sagicors is actually called a NLUL.
I actually missed the no lapse part of the title.

I don't think it's exactly the same thing. I think a no lapse provides some amount of death benefit of premiums are paid for a certain number of years but not necessarily the full death benefit.

I haven't ever written a no lapse so not 100% sure. I have written Gul do I know how they work
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Old 08-01-2015, 01:30 PM   #5
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wln417 on Who Does No Lapse Universal Life Down to 10,000?
 
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Who Does No Lapse Universal Life Down to 10,000? Re: Who Does No Lapse Universal Life Down to 10,000?
I think the question was whether or not any company offers a UL for as low as a $10k db. The least I know of is $25k.
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Last edited by wln417; 08-02-2015 at 01:24 AM. Reason: grammer
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Old 08-01-2015, 08:18 PM   #6
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rousemark on Who Does No Lapse Universal Life Down to 10,000?
 
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Who Does No Lapse Universal Life Down to 10,000? Re: Who Does No Lapse Universal Life Down to 10,000?
Originally Posted by wln417 View Post
I think the question was whether or not any company offers a UL for as low as a $10k db. I least I know of is $25k.
If that is the question, the answer is Central United.. They go down to 10k..

10K Age 65 Unisex NS.. $44.46... Guarantees to 85, matures at 95 on the projections.
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Last edited by rousemark; 08-01-2015 at 08:29 PM.
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