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Message
re: Life Insurance questions
Posted on 9/29/16 at 3:04 pm to Sho Nuff
Posted on 9/29/16 at 3:04 pm to Sho Nuff
quote:
We didn't talk about this but since all of you mentioned it I will look into it.
Definitely get him to quote that on the policy. It is not a huge adder, or at least wasn't last time I saw it.
quote:
It is and I'm trying to understand why get that as opposed to 20 or 30 which is cheaper?
The T80 is generally better when you are younger. You get a significantly lower premium and much longer coverage. As you get older though, its premium does rise significantly, though the dividend can help offset that increase. Say you are getting up on the 20 years and decide you still need insurance, you have to go through a whole new medical and application with much higher rates at that point, so the T80 can lock in coverage long term.
Both have their benefits.
This post was edited on 9/29/16 at 3:05 pm
1
Posted on 9/29/16 at 7:22 pm to GoCrazyAuburn
quote:
Definitely get him to quote that on the policy. It is not a huge adder, or at least wasn't last time I saw it.
Yeah he priced it in the quote for $54 a year.
quote:
The T80 is generally better when you are younger.
I see that. I don't think it makes sense for me now when I can get 30 which brings me to 72 for a lot cheaper.
Posted on 9/30/16 at 8:49 am to Sho Nuff
Sho Nuff shoot me an email
justinmsegura@yahoo.com
justinmsegura@yahoo.com
Posted on 9/30/16 at 8:59 am to Tigerfan19
We have an Index Universal Life you may want to look at and my term rates are usually better than Northwestern Mutual.
I deal with Protective on most of my life insurance cases. Just a thought if you were looking at different prices. I may be able to help you out.
I deal with Protective on most of my life insurance cases. Just a thought if you were looking at different prices. I may be able to help you out.
Posted on 9/30/16 at 9:04 am to Sho Nuff
I got a $2 million 30 year term at 40 years of age. It costs about $2k a year. My policy is through Mutual of Omaha.
Posted on 9/30/16 at 12:47 pm to Tigerfan19
Ok, sent you an email.
Posted on 9/30/16 at 12:50 pm to MSTiger33
quote:
I got a $2 million 30 year term at 40 years of age. It costs about $2k a year. My policy is through Mutual of Omaha.
Nice policy, you have kids I take it?
Posted on 9/30/16 at 1:44 pm to Tigerfan19
quote:
Index Universal Life
This post was edited on 9/30/16 at 2:02 pm
Posted on 9/30/16 at 1:53 pm to GoCrazyAuburn
I take it no good?
Posted on 9/30/16 at 1:59 pm to Sho Nuff
An insurance policy is only as good as its guarantees, so no .
I've been one of the biggest permanent insurance defenders on this board back when I posted here a lot, and even then I'm wary of most because their contracts are garbage. Back when I use to dabble in this, I watched way too many IULI policies go belly up and deplete all the cash value/death benefit because the market just didn't grow quite as much as needed.
. I've been one of the biggest permanent insurance defenders on this board back when I posted here a lot, and even then I'm wary of most because their contracts are garbage. Back when I use to dabble in this, I watched way too many IULI policies go belly up and deplete all the cash value/death benefit because the market just didn't grow quite as much as needed.
Posted on 9/30/16 at 9:05 pm to GoCrazyAuburn
I completely understand how you feel about those older IUL contracts. I don't push the non guaranteed values side of it. The death Benefit is guaranteed with an opportunity for growth. To each his own I guess just not that much of a fan of whole life Route just depends on the client's needs
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