Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
And an even higher ROI can be achieved with a variable contract, over time, especially if the agent is able to get institutional-priced COI, which the majority cannot.
This is an integral part of my practice coupled with deferred comp planning.The op was asking about BOY and WL. Variable is totally different game, and imo not even close to being suited for BOY type planning.
That may be true, but you aren't doing BOY with VUL, right? Completely inappropriate use of VUL. The concept of "banking" is best done with over-funded whole life and IUL policies, not variable policies.
I agree that the best place for VUL is for deferred compensation plans... but this is on TOP of other life insurance and 401(k) deferrals for executive planning and/or executive compensation plans.
I don't ever talk about BOY since the individual market is not a priority in my practice. I prefer working the corporate market where 6-figure premium checks are the norm.