Getting Cash Value and Death Benefit

[sturgbe]

I would explain that you are not in the habit of replacing good insurance policies and this sounds like something that is "good". Although it sounds "good" you have seen many clients promoised one thing and delivered something else. If it is as you believe it to be, you be glad knowing it to be verified by the carrier. I have this inforce illustration request form that you can sign and we can look at any scenario you want to see. Once this comes back, we can see exactly what they will pay as a DB. Until then, t is very hard to play poker and bluff without any cards in front of us.

 

[DHK]

Another consideration:

In a whole life policy, as cash values grow, the net amount at risk decreases over time.

In effect, EVERY whole life policy will pay out the cash value and the net amount at risk, but it would not be accurate to say the face amount + the cash value.

 

[VolAgent]

Another consideration:

In a whole life policy, as cash values grow, the net amount at risk decreases over time.

In effect, EVERY whole life policy will pay out the cash value and the net amount at risk, but it would not be accurate to say the face amount + the cash value.

That may be how it works, but heaven help the agent stupid enough to explain it that way.

 

[WinoBlues]

That may be how it works, but heaven help the agent stupid enough to explain it that way.

I like the sound and smell of a steak sizzling on a grill. I like the taste and the satisfied feeling after eating it. I really do not care anything about the cow.

 

[HegemonFinancial]

But you do get both the death benefit and the cash value! The combination of decreasing term to age 100 (or 120) and cash value always equals the Face Amount of the policy!

Nobody explains it like that though... More than likely they are very confused or they are getting PUAs as stated above.