Sentences with phrase «ul permanent product»

Not exact matches

«As of today, customers have entrusted us with $ 5 billion in premiums, making Protection UL our number one selling permanent life insurance product.

One of the pioneers in Universal Life, Banner offers their Life Step UL ®, a permanent life insurance policy which is vastly more affordable than many rival whole life products.

Products include Indexed UL insurance providing permanent coverage with a cash value tied to the markets, term life insurance offering tax - free death benefits and convertible to permanent coverage, whole life insurance providing permanent coverage that builds cash value with guaranteed premiums, and universal life insurance supplying permanent coverage that's flexible to meet clients» needs and builds cash value.

Hey, Neal, I have always favored term over WL or UL products until I began researching the Final Expense market and because «term» means exactly that, «term» it can only be written up to certain ages, will end at the end of the «term» of years, with the only option for the client being to convert it to permanent (WL) insurance at whatever their age cutoff is or term expires.

Posted in beneficiary, cash value, conversion, Conversion to a permanent product, guarantee, guaranteed level premium, indexed universal life, insurance, life insurance, life insurance claim, term insurance Tagged Advantage life insurance company, companies figure out how to pay less death benefits, higher priced, indexed universal life insurance, insurance, life insurance, life insurance claims, life insurance death benefit, life insurance evolution, more likely to lapse, more volatile, new products replacing perfectly good products, no lapse guarantee universal life insurance, over 50 life insurance, paying death claims honorable, phasing out no lpase UL, term conversion, term life insurance

A few days ago I was on a bit of a rip over the subjects of conversion privileges and how far too many companies are changing products offered to non guaranteed UL's, rather than permanent products.

Posted in conversion, insurance, life insurance, universal life, whole life Tagged conversion, conversion to a permanent product, guarantees, indexed univeral life, insurance, life insurance, low interest rate environment, no lapse guarantee UL, no longer show assumed values, pay 1 % on 1035 exchange, permanent defined, reasonable sustainable assumption, representing something that isn't guaranteed, selling assumptions, universal life, whole life

Posted in breast cancer, cancer, insurance, life insurance, mortality risk, no lapse guarantee, prostate cancer, rate increase, term insurance, universal life Tagged AG38 reserves, best permanent product on the market, bipolar disorder, breast cancer, clinical underwriting, compliance and control, declines in the past, insurance, life insurance, life insurance underwriting, melanoma, no lapse guarantee UL, prostate cancer, rate increase, reasonal approvals, replace failing traditional UL, second to die life insurance, significant opportunity exists.

Posted in Banner Life, conversion, Conversion to a permanent product, guarantee, guaranteed level premium, insurance, life insurance, lifetime guaranteed UL, no lapse guarantee, rate increase, universal life, whole life Tagged age 83 life insurance, competitive conversion product, conversion to no lapse guarantee UL, Genworth Life and Annuity, insurance, life insurance, Limited conversion to best product, no lapse guarantee UL under priced for conversion, price jump 50 % by fall, Protective UL with 10 year guarantee, raised price 50 %, saved $ 57 thousand a year, term life insurance conversion, under priced $ 5 million life insurance

The driving reason for that is the fact that the most cost effective, fully guaranteed permanent life insurance product, the no lapse guarantee UL, will be increasing rates industry wide.

And the last bit of news, while not surprising given John Hancock's earlier abandonment of their whole life policy was offered by Chris Hooper, «By the way, did you notice that John Hancock is positioning their Protection product, that only guarantees to «assumed mortality», against permanent UL products?

Posted in conversion, Conversion to a permanent product, guaranteed level premium, insurance, life insurance, Protective Life Tagged impaired risk life insurance, insurance, life insurance, no longer allow conversion, no term policy will be converted, policy guarantees, Protective Crap whole life, Protective Crappier UL, Protective Life, Protective purchased MONY Life, risk life insurance

The only products that I know of that are lapse supported (i.e. the insurance company wants you to lapse at some point) are ROP term products and guaranteed level premium permanent products life products (guaranteed whole life, no lapse UL).

What differentiates an Indexed UL policy from other types of permanent life insurance used for cash accumulation is that the growth of the policy's cash value is based on the performance of an equity index (usually the S&P 500), excluding dividends, collared by a cap and a floor — rather than based on a flat crediting rate that is established by the insurance carrier and adjusted from time to time (a product referred to as «current assumption universal life»), based on a flat dividend rate that is established by the insurance carrier and adjusted from time to time (a product referred to as «whole life»), or based on the actual investment returns of specific equity investments (a product referred to as «variable universal life»).

Those companies whose contractual language permit it have begun to change not only the product that can be converted to, products that can only laughingly be referred to as permanent (West Coast Life), but they have also taken their competitive UL's out of the equation after the 5th year of a term policy (Banner and American General).