Participating Whole Life
- Thread starter liorselamb
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- whole life
- 24,966
65 female, non T, face amount $15,000. If not to much to ask $25,000 also. Divs option = paid up additions. These are my most common FE face amount.
Thank you,
Lee
- 24,966
Thank you.
Lee
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At first blush I am thinking "yawn", however, depending on the dividend history and underwriting I can see the an advantage of this policy. Either an inflation bump after year 10-15 which is mortality or a decreasing premium. Non guaranteed.
First year and renewals are another question.
Premiums are in the top 1/3 of competitive FE/non-par plans for $10k 65fns.
RNA, which takes about everything is $42.61/mo compared to $44.70 for Ameritas…. Dividends are really not paid until year 16, so Dividends are not much a factor with the low face amount, as most FE/SIWL Lapse by Year 10.
- 24,966
For a plan like this I was looking at $15,000-$25,000 SIWL for a standard life client with minor heath issues. $5+- is not a big deal. RNA certificate v a Par policy is $2. cert v policy difference.
Edit: Not true FE only clients.
the difference is actually more with RNA. RNA underwrites table 4-6 as Standard.
Iam not so sure Ameritas is as generous in the underwriting
- 24,966
That is one of the questions. T2-T4 would be what I would look for for a good Par SIWL for the prospects I would be looking at. Earlier RDPU of course would be great. Along with face amount to at least $50,000
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