UnThreaded | Threaded | Whole Thread (85) | Ignore Thread Prev | Next
Author: Dwdonhoff Big gold star, 5000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76235  
Subject: Re: 7702 Private Plans (indexed universal life) Date: 3/27/2013 12:00 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
Hi Hawkwin,

So if you don't like the Paclife solution, what company or product do you think is better?

Well, I've found the first step in not being dangerous is not trying to know the best solution for *every* problem... but picking specific problem sets and focusing on the best solves.

I focus on the feature solves as I just listed. You may note that I put 'death benefit' as a moderate pro... and that's a *low* moderate pro (if a concern at all) for the vast majority of my clients. I also put zero weight to all the various features potentially available as riders, like critial care, etc.

My critical focus boils down to;
Best real growth (index blend options, and real cap spreads minus real internal costs,)
Best distribution (lowest loan costs, lowest/zero rate risks, ability to easily switch variable vs fixed rate loans collateralized by the indexed growth account,)
Best design flexibility (shortest surrender lengths, shortest max-pay periods.)

At present, the IUL market is at the elbow of a hockey-stick explosion. All of us (meaning 'us' in the unwashed general public) are about to be awash in media pieces about IULs, and insurance companies (many who have never been in the growth-focued game before) are rushing new products to market... we'll probably see 12-20 new carriers launching IULs this year.

That said, *at present* the best offers I know off are from;
Allianz
Penn Mutual
North American
Minnesota Life* (*the only IUL I would consider that offers no fixed loan tied to the growth account... because of an outperforming index blend they offer that other 'variable loan' carriers do not. I pretty much only go with this for New York** cases, if it performs in projections better than Penn or North American.)
(** New York is functionally a seperate country as far as insurance goes, and many companies either offer dramatically less robust plans there, or just don't bother at all.)

Cheers,
Dave Donhoff
Leverage Planner
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (85) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Macro Economics

Heads Up, Real Estate Investors
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement