Perhaps you've heard or seen some of the rumblings about certain life insurance companies raising their cost of insurance (COI) charges on blocks of universal life insurance business.
To be sure, this is not something that's great news.
But is it really the calamity that some news stories make it out to be? Here are links to three different stories that are raising the red flag about the issue:
It's never great to hear about life insurance companies having to change their pricing on blocks of existing policies. But it actually happens more than you might realize.
And quite honestly the other side of the “horror” stories concerning this increased COI for universal life insurance policies is something that's not discussed. So, as part of today's episode we're going to look at what the real problem is with universal life insurance. And no, it has nothing to do with the increased cost of insurance.
It's actually more fundamental than that and could largely be avoided. Listen to find out more.
Brantley is a practicing life insurance agent and has been for nearly 18 years. After years of trying to sell like his sales managers wanted him to, he discovered that people want to buy life insurance if you actually explain the benefits.
IPB 107: When Interest Rates Go Up, Bonds Go Down. What Does It Mean for my Life Insurance?
IPB 106: Diversifiable Risk vs Market Risk: The Discussion You’re Not Having
IPB 105: Is Indexed Universal Life Insurance Worth it even if the Interest Rate Assumptions are Wrong?
IPB 104: You Can Just Buy Bonds: One of the Reasons Not to Buy Whole Life Insurance