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Old 01-05-2014, 06:04 PM   #1
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Gul Gul
I have a couple that is considering GUL. I have not sold this product . Rates are very good for young and healthy (this couple should be preferred). I know some of you all sell a good bit of this, what are the pros and cons?
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Last edited by agentjhc; 01-05-2014 at 06:19 PM.
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Old 01-05-2014, 06:45 PM   #2
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Gul Re: Gul
[quoteTE=agentjhc;789860]I have a couple that is considering GUL. I have not sold this product . Rates are very good for young and healthy (this couple should be preferred). I know some of you all sell a good bit of this, what are the pros and cons?[/quote]

On a permanent death benefit need the most bang for your buck. IMHO
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Old 01-09-2014, 02:56 PM   #3
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Gul Re: Gul
GUL is really "perm term" and for those who believe in the "buy term, invest the rest" GUL makes 'sense' to them.

While whole life is a better value, many young people just can't afford a large policy. Often a 'blended' plan of term (or GUL) and WL works well for young people.
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Old 01-09-2014, 05:33 PM   #4
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ims01 on Gul - Insurance Forum
 
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Gul Re: Gul
You need to determine if cheap DB or accumulation is most important to them. We like GUL when the client is looking for cheap death benefit. For accumulation, it would be best to use UL or IUL, if they are going to over fund. Sagicor has a great GUL.

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Old 01-09-2014, 06:26 PM   #5
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mustfastpitch on Gul - Insurance Forum
 
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Gul Re: Gul
Originally Posted by ims01 View Post
You need to determine if cheap DB or accumulation is most important to them. We like GUL when the client is looking for cheap death benefit. For accumulation, it would be best to use UL or IUL, if they are going to over fund. Sagicor has a great GUL.
Sagicor just ditched their GUL. They now have a No Lapse UL with a 5 year basic no lapse guaranty and an extended no lapse for 5+. North American has a GUL.

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God Is Great, Beer Is Good and People Are Crazy.
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Old 01-09-2014, 07:37 PM   #6
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WinoBlues on Gul - Insurance Forum
 
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Gul Re: Gul
Originally Posted by mustfastpitch View Post
Sagicor just ditched their GUL. They now have a No Lapse UL with a 5 year basic no lapse guaranty and an extended no lapse for 5+. North American has a GUL.
Which state?.............
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Old 01-10-2014, 05:44 AM   #7
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Gul
Oops, this thread illustrates why going with whoever touts the best rate on a ul may not be your best bet. Kind of like buying your dream car and then they ditch the body style. Loan rates, whacky assumptions on illustrations, etc. oh yeah, IMHO
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Old 01-10-2014, 07:45 AM   #8
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Newby on Gul - Insurance Forum
 
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Gul
Originally Posted by nylife11023 View Post
GUL is really "perm term" and for those who believe in the "buy term, invest the rest" GUL makes 'sense' to them. While whole life is a better value, many young people just can't afford a large policy. Often a 'blended' plan of term (or GUL) and WL works well for young people.
The Buy term invest the difference crowd don't usually want GUL or anything permanent. They want term. They plan to be rich at the end of the term. That's how that works.

The people that don't buy into that sort of thinking are the GUL buyers.

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www.fexcontracting.com
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Old 01-10-2014, 07:52 AM   #9
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Gul Re: Gul
Originally Posted by Newby View Post
The Buy term invest the difference crowd don't usually want GUL or anything permanent. They want term. They plan to be rich at the end of the term. That's how that works.

The people that don't buy into that sort of thinking are the GUL buyers.
I believe the correct saying is: Buy Term and Spend the Difference.
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Old 01-10-2014, 08:02 AM   #10
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mustfastpitch on Gul - Insurance Forum
 
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Gul Re: Gul
Originally Posted by WinoBlues View Post
Which state?.............
All states. Didn't you get the memo? ha

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God Is Great, Beer Is Good and People Are Crazy.
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