New UL from LFG, "Duration Guarantee"

scagnt83

Worldwide Expert of Everything
5000 Post Club
This is different from the other two GULs they have.

You can customize the guarantee period for a "term like" UL policy thats totally guaranteed. You could do this before with their other products, but this is different, the pricing and riders are different as well.

You can choose a 10/15/20/25/30 or to age 95 guarantee period.

The big difference is that it offers shorter term guarantee periods at older ages, something that their other GULs did not do as well. This could come in handy when a termed out GUL is more affordable than an actual term.

Another cool feature is that the free ABR rider has a CI feature to it that pays out the lesser of $25K or 5% of DB if you incur a critical illness.
That rider alone could win cases over competitors.

Since the file is too big to attach on the forum, I have provided a link to my secure host site, for the advisors power point presentation if any are interested.
I found it to be a really good presentation. Check it out.

LFG Duration GUL
 
Very interesting. Thanks. I have two relevant cases this week to sign - both men in their 60's, both convinced they are not living past 90. Unfortunately, these are NY cases, so this new product doesn't apply.

I often use GUL's and am glad to see some new stuff from LFG.
 
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