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Reply to Hancock UL W/ LTCi Rider-  Good/Bad?     
Old 06-03-2017, 10:15 AM   #21
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CALTCAgent on Hancock UL W/ LTCi Rider-  Good/Bad?
 
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Hancock UL W/ LTCi Rider-  Good/Bad? Re: Hancock UL W/ LTCi Rider- Good/Bad?
Originally Posted by Tahoe Ray View Post
How much do all of us have the potential to make for running these illustrations?
This is the best point here. Sometimes I get off track!
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  Reply With Quote to Hancock UL W/ LTCi Rider-  Good/Bad?

Old 06-03-2017, 11:00 AM   #22
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Hancock UL W/ LTCi Rider-  Good/Bad? Re: Hancock UL W/ LTCi Rider- Good/Bad?
Originally Posted by ltcadviser View Post
It's a current assumption UL.

$4600 annual premium is too low to carry the policy. At age 87, internal rate of return on a $4600 premium for $1,000,000 db is 9.03%.

Policy funding will need to be much higher.

Need $11000 year premium at 5% IRR to fund $1,000,000 DB at age 87.

Pay now or pay much more later.

iow, it'll probably lapse before she needs long term care.
quoting someone I admire, "why would anyone buy a policy like that" (if they really understood how it worked.)
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  Reply With Quote to Hancock UL W/ LTCi Rider-  Good/Bad?
Old 06-03-2017, 11:27 AM   #23
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ltcadviser on Hancock UL W/ LTCi Rider-  Good/Bad?
 
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Hancock UL W/ LTCi Rider-  Good/Bad? Re: Hancock UL W/ LTCi Rider- Good/Bad?
Originally Posted by Tahoe Ray View Post
How much do all of us have the potential to make for running these illustrations?
If agents continually run illustrations on all products the agent becomes very knowledgeable about every option and develops the expertise to make a lot actually.
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  Reply With Quote to Hancock UL W/ LTCi Rider-  Good/Bad?
Old 06-03-2017, 11:34 AM   #24
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Hancock UL W/ LTCi Rider-  Good/Bad?
Originally Posted by ltcadviser View Post

If agents continually run illustrations on all products the agent becomes very knowledgeable about every option and develops the expertise to make a lot actually.
I agree and have run a lot of Hancock and OneAmerica illustrations...

I just prefer not to do it randomly to make a point on an internet forum.
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  Reply With Quote to Hancock UL W/ LTCi Rider-  Good/Bad?
Old 06-03-2017, 02:16 PM   #25
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ltcadviser on Hancock UL W/ LTCi Rider-  Good/Bad?
 
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Hancock UL W/ LTCi Rider-  Good/Bad? Re: Hancock UL W/ LTCi Rider- Good/Bad?
Originally Posted by Tahoe Ray View Post
I agree and have run a lot of Hancock and OneAmerica illustrations...

I just prefer not to do it randomly to make a point on an internet forum.
Good point...........
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  Reply With Quote to Hancock UL W/ LTCi Rider-  Good/Bad?
Reply to Hancock UL W/ LTCi Rider-  Good/Bad? 

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