Indexed Whole Life

[InsureGuy5]

Is anyone offering single premium indexed whole life to their clients in lieu of annuity products, mutual funds or CD's?

Certainly the tax advantages are much better with whole life, but are your clients noticing the value of life over other maybe more traditional accounts?

 

[scagnt83]

Is anyone offering single premium indexed whole life to their clients in lieu of annuity products, mutual funds or CD's?

Certainly the tax advantages are much better with whole life, but are your clients noticing the value of life over other maybe more traditional accounts?

Who offers a decent indexed whole life?

And other than the DB what is the difference when its a single premium that MECs?

 

[Franz Kafka]

Is anyone offering single premium indexed whole life to their clients in lieu of annuity products, mutual funds or CD's?

Certainly the tax advantages are much better with whole life, but are your clients noticing the value of life over other maybe more traditional accounts?

Single premiums are used primarily for asset transfer (i.e. death benefit) and can give you the biggest bang for the buck for that particular use. Annuities are used for income purpose so yes if the client is only interested in transferring the money to his children it's the right product. Mutual funds also offer step-up-in-basis at death but ROI will less than single premium if the client dies early. All JMO.

 

[dgoldenz]

If they just want to leave a big lump sum for the kids/grandkids, a single premium guaranteed UL policy will give them the largest death benefit for their premium dollar. Their cash value will be eaten up quickly compared to whole life, so it would depend on what their objective is.