Limited Pay Pros and Cons

[WinoBlues]

Thanks I should have mentioned my client is 34 years old

@34 you should filter in GUL and maybe ROP Term. My experience is what people wanted or needed when they bought from me 20 or years ago in their 30s has almost nothing to do with the 50 year old son they are today.

Also, $20mo is going to be the cost of a cup of coffee in 20 years.

 

[goillini52]

@34 you should filter in GUL and maybe ROP Term. My experience is what people wanted or needed when they bought from me 20 or years ago in their 30s has almost nothing to do with the 50 year old son they are today.

Also, $20mo is going to be the cost of a cup of coffee in 20 years.

Starbuck's isn't that far off now.

 

[rousemark]

I just ran some #'s for a 50 old male nonsmoker.

Sentinel Security $10K 20 Pay $34.97. For $35.14 he can get $13K.

Settlers Life $10K 20 Pay $35.55. For $37.02 he can get $13K.

They can get more coverage NOW. They might not even be alive in 20 years.

For an accurate comparison, you need to know how much RPU the life pay would have in 20 years.

 

[WinoBlues]

For an accurate comparison, you need to know how much RPU the life pay would have in 20 years.

My thinking also. The reality is in 20 years, if still inforce, the client will just continue the tiny premium and wish they had bought more.

Much larger plans would be a different story for a much different clientele.